VIE Healthcare? Consulting, A SpendMend Company

"Visibility within Purchase Services is a significant challenge for all hospitals and health systems," says Daniel Geelhoed, founder, and CEO of SpendMend . "With VIE Healthcare? Consulting, A SpendMend Company, we are now able to provide deeper visibility into the line-item detail which will help lead to material cost savings and stronger insight across many critical spend categories."

Upcoming Webinar: Sitting through a long sales call might not be your thing, so we're excited to offer an alternative – join us for a brief online overview of our award-winning Pharmacy Procurement Software solution, Trulla by SpendMend. In this 20-minute session (with a quick Q&A at the end), our experts Jacob Thompson and Curtis M. McEntire will present a concise solution overview where you can join dozens of other pharmacy professionals and view the benefits of Trulla in a relaxed environment. Event Details Date: Thursday, December 5, 2024 Time: 12 PM ET/9 AM PT Meet the Speakers ? Jake Thompson, VP of Pharmacy Services at SpendMend ? Curtis McEntire, VP of Trulla Solutions at SpendMend Webinar Key Takeaways ? Automate pharmacy ordering where buyers select medications, Trulla automates the right NDC from the right vendor. ? Optimize pharmacy spend, including 340B eligible purchases. ? Provide in-depth drug spend analytics. Feel free to bring along additional team members, and if you have any questions beforehand, please send them our way. We'll make sure to address them during the live session. SpendMend webinars are offered at no charge to our prospects, clients, and partners Register Here: https://lnkd.in/en9j-Mt8

??? 5 Challenges To Finding Purchasing Cost Savings ??? Overcome the following challenges to implement an effective strategy: ?? Volume of data:?Every month hospitals are faced with hundreds to thousands of line items on invoices that require review for multiple vendors. ?? Lack of detail:?Summary invoices lack supporting data essential to analyze your purchased services spend. Different line items can often be hidden within the invoices. ?? A shift in invoicing:?Purchased services invoices are unique, presenting a significant challenge compared to invoices received for traditional stock items. This shift requires trust between the hospital and their suppliers. ?? Complexity:?Due to the complexity of charges and how services are invoiced, a high potential for billing errors exists. These errors are often overlooked because the price increase may only fluctuate by 10% month on month. ?? Reviewing spend on a 12-month basis:?A review of 12 months may show that $75,000 was spent, but a line item analysis would reveal that the previous three months had been trending up 30%. SpendMend #hospitals #healthcarecosts #purchasedservices #supplychain #costcyclemanagement https://lnkd.in/e8TUq8yK

Due to the holiday week, Episode 58 will be going out next Monday. As we pause for Thanksgiving, we want to take a moment to express how thankful we are for our incredible listeners and supporters. Enjoy the holiday, and we’ll see you next week with a new episode!? ?

Hello, and welcome to the Employee Spotlight Series! This week, we interviewed Macie Gentry. Macie is an Auditor and has been a part of the SpendMend team for three years. Macie does a fantastic job as an Auditor. We asked Josh Hernandez, Audit Supervisor, about Macie, and he said, “Macie is an awesome auditor to work with, very prudent, and takes pride in her work. She is known for sifting through and weeding out bad potential, the killing machine! This doesn’t deter her from looking for solid credits to claim. Which ultimately results in high-quality claims. She is always very pleasant to speak with, making 1:1s a breeze. We are glad she is a member of the orange pod!” Thanks for all that you do, Macie! Read more: https://lnkd.in/ewXdPiKi #SpendMend #Auditor #EmployeeSpotlight

Strengthen Your 340B Advocacy Skills! Join us on December 3rd for an essential continuing education webinar: 340B Hidden Strategies: Mastering 340B Advocacy. Gain expert insights into the evolving landscape of 340B and unlock strategies to support your advocacy efforts. Meet the Speakers: ? Cat Webb, 340B ACE, Senior Lead Auditor Trainer ? Nick Gnadt, PharmD, 340B ACE, Director of Pharmacy Professional Services Learning Objectives for Pharmacists and Technicians: 1. Discover recent advocacy efforts and their impact on the 340B Program. 2. Understand the need for increased transparency in the program. 3. Learn strategies for leading a successful advocacy initiative. Don’t miss out! Register now to join fellow pharmacists and pharmacy techs taking their advocacy to the next level. Register here: https://lnkd.in/e7jQ6K8i #340B #PharmacyEducation #HealthcareAdvocacy #PharmacyWebinar #340BAdvocacy #Pharmacists #PharmacyTechnicians #HealthcareProfessionals #CECredit #Mastering340B

Upcoming Webinar: Sitting through a long sales call might not be your thing, so we're excited to offer an alternative – join us for a brief online overview of our award-winning Pharmacy Procurement Software solution, Trulla by SpendMend. In this 20-minute session (with a quick Q&A at the end), our experts Jacob Thompson and Curtis M. McEntire will present a concise solution overview where you can join dozens of other pharmacy professionals and view the benefits of Trulla in a relaxed environment. Event Details Date: Thursday, December 5, 2024 Time: 12 PM ET/9 AM PT Meet the Speakers ? Jake Thompson, VP of Pharmacy Services at SpendMend ? Curtis McEntire, VP of Trulla Solutions at SpendMend Webinar Key Takeaways ? Automate pharmacy ordering where buyers select medications, Trulla automates the right NDC from the right vendor. ? Optimize pharmacy spend, including 340B eligible purchases. ? Provide in-depth drug spend analytics. Feel free to bring along additional team members, and if you have any questions beforehand, please send them our way. We'll make sure to address them during the live session. SpendMend webinars are offered at no charge to our prospects, clients, and partners Register Here: https://lnkd.in/e3EwSvkw

7 steps to implement purchasing cost reduction strategies: 1. Commit to a historical analysis and contract performance review before benchmarking. 2. Track and reconcile your invoices by line-item details and spend analytics. 3. Map clinical purchased services spend to your reimbursement. 4. Carry out contract reviews on your older?agreements. 5. Set firm timelines to project duration and completion and meet them. 6. Repeat and review all purchased services contracting every two years. 7. Get a second opinion on your large spend areas – bring in an expert. https://lnkd.in/e8TUq8yK SpendMend #purchasedservices #healthcarecosts #hospitals #costcyclemanagement #supplychain #contractnegotiation