Announcing A Solution To Hospital Purchased Services Expense Reduction

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Purchased Service Pricing Strategy, PSPS, is a new price benchmarking service created by VIE Healthcare to help hospitals obtain market competitive pricing and best in class terms in their purchased service agreements. VIE is the first in the marketplace to offer a price benchmarking service solely focused on all areas of purchased which will allow hospitals to gain vital insight into their purchased service pricing and agreements.

Research shows “when cost saving are pursued, savings on purchased services ranged from 10% to 29% versus an average of 5% to 17% for other commodities or materials.”

Over the past 13 years VIE Healthcare has focused on purchased service contracting and has successfully negotiated thousands of purchased services for hospitals nationwide, saving them tens of millions of dollars each year. PSPS uses a proprietary and comprehensive database of 107 purchased service categories that was created based on VIE’s experience and expertise. The database contains market-competitive pricing within each of the categories.

Purchased Services are historically known for costly errors resulting in substantial financial losses, and with Purchased Services spend being equal to or more than 50% of a hospital’s total purchase dollars, the opportunities for cost savings are significant. Until PSPS entered the marketplace purchased services faced a variety of complexities, often being ignored. Research shows “when cost saving are pursued, savings on purchased services ranged from 10% to 29% versus an average of 5% to 17% for other commodities or materials.”

In the last year PSPS was tested among VIE Healthcare’s current clients, and with tremendous success. As an example, PSPS showed immediate savings opportunities among clients in 2011, and one PSPS report resulted in over $200,000 in savings for a single purchased services agreement.

The pricing visibility that PSPS clients gain into the marketplace through their PSPS report is unsurpassed. Now VIE Healthcare is offering PSPS to hospitals throughout the U.S. with an official marketplace launch.

The PSPS team consists of experienced healthcare executives, clinicians, business analysts, and financial analysts. Together they save hospitals, on average, 16% of their purchased services spend through PSPS services. PSPS gives hospitals the financial edge to thrive in these uncertain economic times and through the inevitable changes in healthcare.

PSPS guarantees that your hospital will achieve a three to one immediate return on your investment within the first 90 days of utilizing PSPS.

If hospitals are open to seeing if PSPS is a good fit, then VIE is offering a free PSPS report of any purchased service agreement in place to identify immediate cost savings opportunities.

This is a limited time offer and which ends July 1st, 2012. The free report will include a competitive pricing benchmark analysis, a review of terms and conditions, as well as an overview of the competitive marketplace with a detailed negotiation strategy. This report is valued at $3,000, and can be obtained by visiting or by calling Denise Bisogno at (732) 359-7646 Ext 500.

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Denise Bisogno
732-359-7646 500
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Lisa T. Miller
VIE Healthcare
732-359-7646 501
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