1. UNCOVER HIDDEN SAVINGS
IS YOUR HEALTHCARE ORGANIZATION SPENDING TOO MUCH
ON PURCHASED SERVICES WITHOUT KNOWING IT?
PURCHASED SERVICES
ACCOUNTS FOR 35%
of a healthcare organization’s
non-labor spending.
From 2004 to 2008, purchased
services saw an average annual
INCREASE OF 13.8%.
100%
35%
2004 2005 2006 2007 2008
$ $ $ $ $
$220B to $309B
Between 2015 and 2020
200
250
300
350
2015 2020
$220B
$309B
WHERE CAN YOU UNCOVER SAVINGS? FINANCIAL: REVENUE CYCLE
FACILITY SUPPORT: HOUSEKEEPING
ANCILLARY: COURIER SERVICES
IT & TELECOM: SECURITY/PRIVACY
HR: PATIENT SATISFACTION SURVEYS
INSURANCE: WORKER’S COMP
CLINICAL: BLOOD BANK
HOW DOES VALIFY WORK?
WITH VALIFY healthcare organizations can quickly identify
all of their purchased services spend, benchmark their performance
across their organization and against peers, and track savings progress.
This mitigates financial risk and reduces the overall cost of operations–
all within a single web-based solution.
To learn more about how you can begin uncovering savings in your purchased services spending
schedule a live demo today at www.getvalify.com.
That number is expected
to continue rising.
+ Monitor the performance of vendors and categories
to make sure you’re realizing the expected savings
+ 27% savings achieved in a single category by a
peer health system
+ Normalize vendor names to one clean name
+ Categorize vendors to each specific
service provided
+ Categorize your spend across 1,200+ categories
+ Find vendor consolidation opportunities, rogue
spending, and low-hanging fruit
+ Benchmark your performance with the industry’s
largest data feed of over $3B refreshed each month
GAIN
VISIBILITY
TRACK
SAVINGS
1.
2.
3.
IDENTIFY
SAVINGS
Categorize your purchased services
spending, uncover savings opportunities
and begin seeing results quicker than
any other alternative:
WHAT CAN YOU
EXPECT FROM
VALIFY?
Review & Realize
Categorize Process Savings
Valify 5 days 3 weeks 11 months
GPOs 3 months 3 months 6 months
Hospitals 4.5 months 3.5 months 4 months