Piggy bank and health concepts(Photo: Shutterstock)

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Health care costs in the United States are notoriously high, andthere isn't an area of the system that doesn't show someopportunity for savings, from cutting administrative costs toeliminating unnecessary treatments or low-value care.

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Currently, hospital expenses account for a third of all healthcare spending, according to VIE Health Care, and despite the $8 charge for asingle throat lozenge you might find on your itemized bill, profitmargins are slim, and one in five hospitals is in danger of closing.

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Related: Hospital costs drive private health insurancespending

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Finding savings in the hospital supply chain has the potentialto make a big impact on both the hospital's bottom line and thepatient's final bill. How big of an impact? According to VIE HealthCare, there reducing waste and increasing use of technology anddata-driven solutions, could save hospitals billions each year.

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Check out the infographic below to explore more ways to cut downon spending.

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Source: VIE Health Care(Click to enlarge)

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Emily Payne

Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.