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Matt Clark

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Benchmark your way to greater insights and savings in purchased services

Posted by Matt Clark on Dec 8, 2016 8:40:34 AM

Visualizing purchased services spending is essential for controlling costs at any hospital or health system. After all, purchased services comprise 45 percent of a hospitals non-labor budget. The ability to drill down on spending across a well-organized hierarchy of more than 1,200 potential purchased services categories provides an even more precise picture of how dollars are being spent. Spending data alone, however, offers only directional insights.

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Topics: Benchmarks, Uncategorized

Cost Reduction through Partnering with Med-Mal Insurance Providers

Posted by Matt Clark on May 15, 2015 3:00:00 AM

Medical malpractice is a phrase that makes doctors across the nation blanch. Whether from claims that are justified or frivolous, our society is all too happy to pull the trigger on initiating litigation against health care providers who we feel havent done their job correctly.

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Topics: Purchased Services, Uncategorized

Rise in Popularity of Hospital mHealth Calls for Increased Data Security

Posted by Matt Clark on Mar 10, 2015 3:00:00 AM

Mobile phones, personal tablets, and high tech devices are part of our everyday lives. This is also becoming the case in the healthcare industry. The term mHealth, which is short for mobile health, is defined according to HIMSS as the use of mobile and wireless devices to improve health outcomes, healthcare services and health research. Employees and organizations alike can benefit from increased productivity and lower costs from mobile device usage in the healthcare space.

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Topics: Uncategorized, Insider

Hospital CIOs: Is Now the Time to Start Saving?

Posted by Matt Clark on Feb 17, 2015 5:30:00 AM

The hospital CIO is in the middle of the perfect storm. Regulatory forces such as Meaningful Use and ICD-10 demand that they accomplish Herculean efforts in short time frames with limited staff. Growing security threats force hospitals to adopt stringent risk and security postures, which often make it harder to accomplish larger projects.

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Topics: Purchased Services, Uncategorized

Slow Hiring in Acute Care Puts Purchased Services in the Spotlight

Posted by Matt Clark on Jan 21, 2015 2:00:00 AM

An article published yesterday by Modern Healthcare forecasts growth in healthcare hiring this year in many healthcare provider segments, but not in acute care. With diminishing revenues and a shift in patient preferences towards outpatient facilities and ambulatory surgery centers, acute care facilities will either freeze hiring or consider small layoffs. At Valify we expect hospitals to take additional steps to address their shrinking margins by identifying outsourcing opportunities, placing pressure on procurement teams to get ahead of the curve in identifying and evaluating these purchased services.

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Topics: Purchased Services, Uncategorized

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