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Valify Sponsors and Exhibits at IDN Summit and Reverse Expo Spring Conference 2019

Posted by Valify Team on Jun 7, 2019 12:08:43 PM

Recently held in Orlando, Florida, the IDN Summit and Reverse Expo Spring Conference provided unique vendor-executive engagement opportunities including learning sessions, meetings, and idea exchanges among all sectors of the healthcare supply chain. This season was Valify’s ninth consecutive season to sponsor the conference.

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Valify Presents 2019 Client Awards

Posted by Valify Team on Jun 7, 2019 11:36:49 AM

Valify recognized five health systems for our inaugural awards program during the 2019 IDN Spring Summit & Reverse Expo in Orlando, Florida. We established our awards program to acknowledge the exceptional work and progress our clients have achieved to better the purchased services cost reduction process in their health system by reducing costs, improving outcomes, or both.

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Valify Co-Presenting at Health Connect Partners' Hospital Supply Chain 2019 Spring Conference

Posted by Valify Team on Apr 24, 2019 10:30:07 AM

In addition to sponsoring the 2019 Spring Health Connect Partners Hospital Supply Chain Conference, Valify was chosen to co-present an educational session along with HealthTrust inSight Advisory and Ardent Health System. Raelyn Wilson, Valify’s Director of Client Success, along with Tom Birmingham, Ardent Health Services Director of Purchased Services and Capital Equipment, and Andy Motz, SVP HealthTrust inSight Advisory, will present at HCP on Tuesday, April 30 at 11:00 am.

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Valify Launches the Valify Marketplace

Posted by Valify Team on Apr 2, 2019 8:09:07 AM

FRISCO, TX, April 2, 2019 (BUSINESS WIRE) -- 

Today Valify, the leading healthcare cost management company, announces the launch of the new Valify Marketplace, a comprehensive vendor catalog of products and services that allows healthcare organizations to search, compare, and select the best vendors for their needs. Today’s launch comes as a result of Valify’s September 2018 acquisition of Lucro, a Nashville-based digitalplatform for health systems to evaluate vendors. The Valify Marketplace has already been named to CIO Review’s list of the “50 most promising healthcare solutions of 2019.”

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Topics: Healthcare Vendors, Press Release, Purchased Services, Supply Chain

Valify Marketplace Recognized by CIO Review as one of the "50 Most Promising Healthcare Solution Providers - 2019"

Posted by Valify Team on Apr 1, 2019 4:55:22 PM
 
 
 
 
  

Valify Marketplace: A One-stop Shop for Purchased Services

 
Today, it is increasingly difficult for hospitals and health systems to find, compare, and select the best vendor for a fair price. Because an average health system purchase cycle takes about 9-12 months, hospitals need years to realize the benefits from switching service providers, a timeframe no longer unacceptable for healthcare
institutions tasked to find cost savings. Additionally, there is an ever-present question that healthcare organizations can’t seem to find an answer to—how to balance the quality of services and solutions provided by vendors with the rates that they charge.
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Topics: Purchased Services

Valify Recognized by CIO Review as one of the "50 Most Promising Healthcare Solution Providers - 2019"

Posted by Valify Team on Feb 18, 2019 2:50:00 PM
 
 
 
  

Valify: Bringing a Unique Value Proposition to Healthcare Purchased Services

Despite best efforts towards reducing the overall cost of operations, healthcare companies often miss out on regulating one of their most expensive cost-drivers. Generally sidelined and overlooked, purchased services contribute to about 45 percent of a hospital’s non-labor budget. It is the vastness and uncertainty of outsourced services that bring complexities, making it difficult for hospitals to identify an appropriate service contract benchmark and derive savings. When hospitals outsource services, they can unwittingly fall prey to unnecessary costs which include duplicated services, hidden contract fees, and automatic price escalations.  

Valify, a company specializing in purchased services analytics uses a web-based solution that identifies, benchmarks, and monitors savings on purchased services categories. “We are the only company 100 percent dedicated to purchased services,” says Chris Heckler, CEO and founder of Valify.  

In order to mitigate the uncertainty in the broad description of indirect spend, Valify has classified the domain that has approximately 1,200 specialties into seven primary categories, namely, financial and administration, facility support, HR, insurance, clinical, ancillary, and IT-telecom. By working with the customer’s finance or IT division, Valify accesses the data and links the information to its solutions. The company then processes the data through proprietary algorithms and classifies them in less than 10 days. The firm also provides dedicated analyst support for the client to maximize the use of this information for savings opportunities.  
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Topics: Purchased Services

5 Healthcare Purchased Services & Supply Chain Predictions for 2019

Posted by Valify Team on Jan 7, 2019 9:12:20 AM

The evolution of supply chain management is having a significant impact on the overall success or failure of a hospital. Efficiency, transparency, and quality data will be critical to a health systems successful 2019 supply chain strategy. Simply following the same trajectory as years past with your existing supply chain isnt going to provide results in the future and could potentially do some harm. Hospitals and health systems need to transform their supply chains - aiming for best-in-class operations.

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Topics: Process Improvement, Uncategorized

Valify Volunteer Day: Supporting Our Community with Frisco Family Services

Posted by Valify Team on Dec 14, 2018 4:08:01 AM

A normal day at Valify, a leader in healthcare purchased services expense management, includes meticulous sorting and categorizing of countless and widely varying purchased services expensesfrom medical gas to snow plowing transactions, and anything in between. Our mission is to help hospitals navigate the twisting, winding maze that is the healthcare supply chain and significantly impact their purchased services cost reduction goals. Recently, however, the Valify team stepped away from our keyboards and offices with another mission in mindto lend a helping-supply-chain-hand to our community.

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Topics: Uncategorized

Valify Attends 2018 Fall HCP Conference, Raises Funds for Chicago Animal Shelter

Posted by Valify Team on Oct 26, 2018 10:02:35 AM

Valify recently attended theHealth Connect Partners(HCP) Hospital Supply Chain Fall Conference held in Chicago from October 17th to 19th. The goal of HCP is to connect providers and suppliers through educational meetings and conferences. By bringing providers and suppliers together through industry-specific conferences, including Hospital Pharmacy, Hospital O.R. & Surgical, Radiology & Imaging, Hospital Supply Chain and Hospital & Healthcare I.T, HCP accomplishes its mission of providing the best in healthcare education and networking. In addition to connecting with peers, attendees were given access to cutting-edge informational sessions, participated in reverse EXPO sessions with industry leaders, and increased their brand visibility and exposure.

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Topics: Uncategorized

Valify Announces the Acquisition of Lucro

Posted by Valify Team on Sep 16, 2018 7:54:08 AM

FRISCO, TXandNASHVILLE, TN,September 16, 2018 (BUSINESS WIRE) --Valify, the leading healthcare cost management company exclusively dedicated to controlling purchased services expense, today announced that it has acquired Lucro Solutions, Inc., a Nashville-based digital platform for health systems to compare and select vendors.

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Topics: Uncategorized

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