HealthIT Answers May 27, 2022
Industry Expert

By Lisa T. Miller, MHA, CEO, VIE Healthcare

Physician preference items or physician driven spend is a significant driver for hospitals. Hospitals should aim to work together with their physicians, not just work with them when the need arises. Three obstacles are observed when hospitals begin the initiative of engaging their physicians for cost savings. Hospitals should have a playbook they use to have positive engagements with physicians when reviewing cost analytics. Once physicians trust the administrative leaders, they become more open and willing to discuss the cost of their preferred healthcare supplies.

The three biggest obstacles for hospitals when they are engaging their physician for cost savings.

Three large areas drive these engagements. The first is data analytics, which...

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