HealthTrust Teams with Valify for Purchased Services Benchmarking
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.