Frequently Asked Questions
Condensed Client Success FAQs
Q: What are purchased services?
A: Outsourced services provided to a health system, such as linen, background checks, or dialysis.
Q: Why is it important for supply chain departments to manage purchased services?
A: They represent 40–60% of non-labor expenses and are often unmanaged. Valify clients typically save 5–30% by identifying overlooked opportunities.
Q: How does Valify help to identify purchased services opportunities?
A: Valify identifies fragmented, rogue, off-contract, and high-benchmark spend using technology and subject matter expertise.
Q: How does Valify assist in managing purchased services and track progress?
A: Monthly data updates allow Valify to track and validate realized savings.
Q: Does Valify offer a free trial or demo?
A: Yes, demos are available using mock data or real client data to showcase real-time impact.
Q: What sets Valify apart from other supply chain tools?
A: Valify uniquely provides a full AP spend overview and enables market comparisons across all major GPOs, supporting holistic management.
Condensed Valify Advisory FAQs
Q: What is Valify Advisory?
A: A team of experts helping hospitals reduce costs and improve service through centralized contracting and spend management.
Q: How does it work?
A: It begins with a spend analysis using Valify technology and accelerates savings through new contracts and best practices.
Q: Does Valify Advisory use GPO contracts?
A: Yes, it provides access to over 250 contracts offering 10–25% savings.
Q: What service lines are covered?
A: Ancillary, Facility Support, IT & Telecom, Clinical, Financial, HR, and Insurance.
Q: Is Valify Advisory limited to GPO-only contracting?
A: No. While GPO suppliers are promoted, local and diverse vendors are also supported.
Q: What pricing models are available?
- Category by Category: At-risk model (% of savings).
- Temporary Contract Management: Fixed fee + shared savings.
- Outsourced Team: Shared savings model.
