Hospitals and health systems waste millions annually on purchased services. Valify customers rely on the Valify technology to help them reduce and reclaim wasted spend by navigating and avoiding common pitfalls such as duplicate and rogue vendors, lack of visibility into quality benchmarks, and many others.
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.
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.
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. Continue reading
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.” Continue reading
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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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 system’s successful 2019 supply chain strategy. Simply following the same trajectory as years past with your existing supply chain isn’t 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.
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 expenses from 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 mind to lend a helping-supply-chain-hand to our community.
