Valify is a tech-enabled purchased services group purchasing organization leveraging data-driven market intelligence and $8 billion in purchasing volume to generate savings on purchased services.
100% Dedicated to Purchased Services
Purchased services spending comprises 20-30 percent of a facility’s operating expense. Healthcare professionals manage thousands of purchased services vendors and agreements yet they don’t typically have access to a complete picture of their spend. To add to the complexity, there are over twelve hundred purchased services categories, each requiring specific domain knowledge to negotiate the best pricing and to effectively monitor the quality of services being provided to the health system.
Purchasing Power for Purchased Services
A tech-enabled purchased services group purchasing organization, Valify Solutions Group, leverages data-driven market intelligence and $8 billion in contracted spend to generate savings on purchased services that typically averages 10-25 percent – well above what hospitals can achieve on their own.
Unlike other GPOs, Valify Solutions Group does not require members to commit to a pre-defined threshold of spend or to a large number of contracts to access the portfolio. Members can start by selecting a single contract and only access additional contracts where they see value.
Powered by the industry’s leading data categorization technology, Valify Solutions Group compares a health system’s spend data against our contract portfolio to find and report actionable savings opportunities. Valify Solutions Group’s technology uses machine learning algorithms to quickly and accurately categorize a minimum of 95% of all spend for your entire organization. With speed, data accuracy, and a complete picture of spend, Valify Solutions Group saves your organization time and money.
With the industry’s largest database, over $460 billion in total spend and over 1,400 hospitals across the nation, Valify Solutions Group has the most accurate benchmarking insights available. This breadth and depth of benchmarking data enables our sourcing experts to produce highly competitive rates and contract terms.
Valify is a technology enabled platform focused exclusively on managing purchased services, empowering organizations to realize speed to value through spend visibility and benchmarking. By creating unprecedented visibility to enterprise-wide spend and applying proprietary benchmarking analysis, market share insights, and sourcing platform, Valify provides a proven end-to-end purchased services solution for organizations to proactively manage expense, increase staff productivity, and realize significant savings. Valify is the technology platform that supports Valify, a Group Purchasing Organization focused exclusively on providing health care organizations access to contracts in hundreds of purchased services categories.
Valify Solutions Group
Valify Solutions Group (VSG) offers a healthcare providers access to the HealthTrust portfolio as a secondary GPO option for accessing pre-negotiated supplier contracts in purchased services categories. VSG offers unparalleled cost savings on purchased services via the collective, multi-billion dollar purchasing power of roughly 1,600 members. There is no aggregate minimum participation requirement to access the VSG portfolio and membership exclusivity is not required. VSG is further supported by Valify, the technology platform empowering organizations to realize speed to value through spend visibility and benchmarking.