Unlock Hospital IT Value: Save $125M+ in Healthcare Operations Costs [Webinar]

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Despite massive IT investments (EHRs, ERPs, Financial Information Systems), hospitals are still losing millions every year. Leaders continue to lack visibility into their true costs. Hindered analysis and misleading data prevent them from identifying failed processes and making impactful decisions. This broken system is why so many health systems fall short on margin.  Learn how you can create clean, unified data — without overhauling your systems — and realize $125M+ while building stronger AI, billing, and safety data to drive your organization in the right direction.

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Here are some highlights from what we learned from our guest speaker, Mike Ferris, CEO of Diverse Health Solutions, a veteran healthcare supply chain and data expert with nearly two decades of experience helping hospitals drive savings through better data and process improvement:

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Why Are Hospitals Still Waiting on ROI?

Hospitals have spent millions on new EMRs, ERPs, and finance systems.
But for most, the promised cost savings and efficiency remain out of reach.

The main culprit? Dirty, fragmented data. Even the best systems can’t deliver results if your data is inconsistent, missing, or siloed.

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Data Trouble: The Hidden Drain on Hospital Finances

Key challenges hospitals face:

• Multiple versions of the same supply item, with different catalog numbers and prices
• Missing charge data in EMRs, leading to lost billing and undercounting of real costs
• Manual reconciliation and workarounds that waste valuable staff hours
• Leadership doubting the data, slowing down every decision

Results from our webinar poll:
“Most hospital leaders aren’t confident about the accuracy or quality of their own data—even after major IT investments.”

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What’s Really at Stake?

Poor data is more than a nuisance:

• Millions lost: Incorrect pricing, duplicate vendors, and uncaptured charges quietly drain budgets.
• Missed revenue: Incomplete records mean hospitals don’t bill for every service or product.
• Extra manual work: Teams spend time fixing problems by hand, rather than focusing on patients.
• Patient safety risks: Errors in supply or procedure records create care and compliance challenges.

The Root Cause: Disconnected Systems

• Supply chain, clinical, revenue, and finance each have different data
• These systems rarely “talk” to each other properly
• Manufacturers change, rebrand, and merge, updating catalog numbers—but hospital systems lag behind

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The Fix: Clean Up Data First — Not Just Your Tech

Instead of buying yet another software upgrade, focus on fixing your data.

How VSee IQ helps:

• Normalize and repair: Clean, unify, and de-duplicate data across supply chain, clinical, billing, and finance
• Automate the clean-up: 50,000+ rules and triggers eliminate manual fixes
• No disruption: The process works outside of your current systems, so no workflow interruptions

Results in as little as 2–6 weeks.

You get accurate, consistent, “query-ready” data to power every decision—using the tools you already have.

What Can Clean Data Deliver?

Real results include:

• 5–10% savings on supply chain spending
• 12–18% reduction on implant costs
• 15–20% more impact for rural hospitals, where budgets are tightest
• $125M+ in potential savings for large organizations

Bonus: VSee IQ’s subscription model comes with ROI protection. If you don’t get results, you don’t pay the full fee.

Practical Examples & Q&A

• Same item, different prices: Three vendors, three prices, same product—now cleaned up and normalized for big savings.
• Missing implant records: No more lost revenue—get every billable item on every chart, every time.
• Fast implementation: It’s automated, not manual. You see savings, corrections, and higher margins within weeks.

“No hospital really has perfect data. But by cleaning and normalizing it, any hospital can start to see fast, meaningful results.” —Mike Ferris

The Bottom Line‍

Real financial transformation starts with trustworthy, unified data, not just more tech. Want to know how clean data could boost your hospital’s bottom line? Contact us to learn more. 

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