NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthTrustSM, a performance improvement company for healthcare, announced today its selection of Valify, LLC as its technology partner for expense visibility and benchmarking for purchased services. Valify, a healthcare cost management company dedicated to controlling purchased services expense, offers organizations the ability to identify and benchmark expense and manage savings targets in over 1,200 categories. Under the agreement, members engaging with HealthTrust inSight AdvisorySM will gain access to Valify’s database of $177 billion in categorized spend.
“Valify is proud to partner with HealthTrust’s inSight Advisory purchased services team,” noted Chris Heckler, president and CEO of Valify. “Combining our technology platform with the operator expertise of HealthTrust inSight Advisory is a catalyst for HealthTrust members to quickly identify and capture deeper savings in purchased services.”
“Purchased services is a large expense category for healthcare organizations, and differs from other spend areas such as medical supplies and physician preference items in that purchased services expense management requires insights into factors unique to each specific service category,” said Andy Motz, assistant vice president, HealthTrust inSight Advisory. “Our inSight Advisory members will benefit from Valify’s technology by gaining immediate visibility and improved insights that serve as a foundation for expense reduction initiatives.”
Valify, LLC is a healthcare cost management company exclusively dedicated to controlling purchased services expense. Valify’s web-based technology platform allows healthcare organizations to quickly identify, benchmark and manage savings in over 1,200 categories. With proprietary benchmarking analysis, market share insights, and prebuilt category-specific RFP templates, Valify provides a proven end-to-end purchased services solution for organizations to increase efficiency, productivity, and savings. Valify has been recognized by Gartner for its supply chain execution technology.
HealthTrust (Healthtrust Purchasing Group, L.P.) is committed to strengthening provider performance and clinical excellence through an aligned membership model and the delivery of total spend management advisory solutions that leverage our operator experience, scale and innovation. HealthTrust (http://healthtrustpg.com) serves over 1,600 acute care facilities and members in more than 26,000 other locations, including ambulatory surgery centers, physician practices, long-term care and alternate care sites. On Twitter @healthtrustpg.
Asheville, North Carolina, November 2, 2017 — Capstone Health Alliance is pleased to announce a new agreement with Valify, a healthcare cost management company exclusively dedicated to controlling purchased services spend. Valify’s technology platform enables organizations to quickly identify spend, benchmark performance, and monitor savings across 1,200 purchased services categories. Valify’s integrated solution includes a suite of efficiency, productivity, and savings software tools that offers Capstone members complete spend visibility at the facility and department level, purchased services opportunity assessments, access to a library of pre-built and customizable RFP templates, and the continual monitoring of savings initiatives. In partnering with Valify, Capstone members will also receive the industry’s most comprehensive benchmarks on price and utilization due to Valify’s database of $177B in total spend from 680+ health organizations.
FRISCO, Texas--August 11, 2017--Valify, a purchased services technology solution that enables healthcare organizations to quickly identify spend, benchmark performance, and monitor savings in over 1,200 spend categories, today announced it is launching their Sourcing Collaboration Suite. With today’s launch of an inaugural module centered on creating and managing requests for proposals (RFPs), Valify extends its lead as the healthcare industry’s most comprehensive cost management solution for purchased services.
Topics: Press Release
FRISCO, Texas--(BUSINESS WIRE)--Valify, Inc., a purchased services technology solution that enables health care organizations to quickly identify spend, benchmark performance, and monitor savings in over 1,200 categories, today announced the appointment of Lester Popiolek to the role of Chief Operating Officer. With extensive technology and health care supply chain experience spanning nearly three decades, Popiolek brings valuable leadership to Valify’s executive team during a period of rapid growth. In this newly created role, Popiolek will be a valuable contributor to the company’s product strategy, while having oversight of the company’s operations, including sales, client relationship management, and consulting services.
Topics: Press Release
FRISCO, Texas--(BUSINESS WIRE)--May 3, 2017--Valify, a web-based purchased services solution that allows healthcare organizations to quickly identify, benchmark, and track savings in over 1,200 categories, has been named one of Gartner’s Cool Vendors in Supply Chain Execution Technologies for 2017. According to the report, “This year, Gartner's Cool Vendors in Supply Chain Execution Technologies highlights the innovative nature of vendors that strive to improve the agility, connectedness and operational effectiveness of supply chain organizations.”1
“We are honored to be recognized by Gartner,” said Chris Heckler, CEO at Valify. “We believe this recognition further confirms that our end-to-end platform is an essential solution for hospitals and health systems to realize actual, bottom-line savings. Valify makes understanding purchased services spend straightforward and has powerful benchmarking data to provide customers with actionable-insights.”
Valify’s comprehensive methodology and extensive database of vendors is required for meaningful benchmarks. Valify categorizes spend in purchased services which can’t be tracked by SKU numbers and that doesn’t “come in a box” but which can total up to 45 percent of non-labor spend for hospitals and health systems. These include service categories such as linens and laundry, biomed, energy, food service, equipment rental, HVAC, waste management, and hundreds more. For all customers, Valify includes proprietary benchmarking analysis, vendor market share insights, and customized RFP templates to empower purchased services teams. Finally, Valify develops a road map for spend savings and a method to track it for compliance, providing a complete purchased services solution for organizations to increase efficiency, productivity, and savings by an average of 20-30% per category.
1 Gartner, Cool Vendors in Supply Chain Execution Technologies, 2017, 20 April 2017
About Gartner’s Cool Vendors:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Valify is a web-based purchased services solution that allows healthcare organizations to quickly identify, benchmark, and track savings in over 1,200 categories. With proprietary benchmarking analysis, market share insights, and customization RFP templates, Valify provides a proven end-to-end purchased services solution for organizations to increase efficiency, productivity, and savings.
Valify was founded in 2014 by purchased services and healthcare technology experts.
FRISCO, Texas—February 21, 2017— Valify, the largest healthcare purchased services benchmarking and analytics solution provider, today announced its partnership with several nationally-recognized health systems to gain timely, data-driven insights into their purchased services spend. With Valify, these healthcare organizations are able to quickly identify, benchmark, and track savings opportunities across more than 1,200 purchased services categories, mitigate financial risk, and reduce the overall cost of operations.
FRISCO, Texas—January 26, 2017— Valify, the largest healthcare purchased services benchmarking and analytics solution provider, announced several areas of growth leading into 2017. Growth areas include launching an Advisory Services division as well as a new product enhancement for vendor market share analysis. Additionally, the company recently relocated to a larger office to support its continued rapid growth, which includes a 50 percent increase in its employee base in the past 90 days.
Topics: Press Release
Valify, a purchased services benchmarking and analytics solution provider, today announced it has secured $2 million in Series A funding..
Topics: Press Release
Valify, LLC announced today that CHRISTUS Health in Irving, Texas executed an agreement with Valify to utilize Valify's SaaS analytics and benchmarking platform to reduce costs in purchased services.