When every dollar is accounted for, opportunities identify themselves.
Using our machine learning algorithms, Valify categorizes your total non-labor spend. With the backing of powerful automation, accurate data categorization, and our team of experts providing quality control measures, healthcare professionals have immediate access to data insights and identified opportunities.
Gain total spend visibility with the Valify industry-leading Spend Analytics technology platform. Our Spend Analytics platform automates spend categorization into 1,400+ unique purchased services categories across seven different services lines, providing clients with detailed visibility down to the line item level.
- 95% of the total spend of your entire health system
- disparate data such as duplicate vendors with name variations and categories with multiple GL codes are captured, consolidated, and categorized correctly
- captures rogue spending with vendors outside of any preferred vendors you may have caused by decentralized and non-PO spend
- clearly distinguishes which vendors provide outsourced services by each individual facility and department for every service category
Purchased Services Assessment
Valify’s Purchased Services Assessment (PSA) allows users to preemptively target categories that will yield the most savings and identify others that will be “quick wins.” The highly customizable Purchased Services Assessment leverages four unique data-driven opportunity identification metrics.
Using their custom PSA, members can plan initiatives with confidence that they will yield meaningful and predictable savings dollars.
- Data-driven opportunity identification:
Receive customized top savings opportunities and quick wins including standardization, rogue spending, and ranked benchmark opportunities.
- Improve data quality:
Our PSA identifies all vendors with multiple names, accounts tied to multiple categories, and categories with multiple GL accounts
Valify delivers directional benchmarks for over 1,400 unique purchased services categories, utilizing the largest database of purchased services spend in the industry to ensure healthcare organizations can confidently select which categories will yield the most savings. Users can apply up to 12 filters for the most accurate comparisons to their facilities.
Identify expiring contracts and clearly see action items
- Get Proactive
Receive alerts of upcoming expiration dates, find opportunities to make agreements coterminous.
- More Visibility
Evaluate on and off-contract spend per category
- Streamline Your Process
Review all of your purchased services contracts in one location
How Does it Work?
Watch Our Demo Video.