FRISCO, Texas & NASHVILLE--(BUSINESS WIRE)--Valify, the leading healthcare cost management company exclusively dedicated to controlling purchased services expense, announced today that it has acquired Lucro Solutions, Inc., a Nashville-based digital platform for health systems to compare and select vendors.
FRISCO, Texas--(BUSINESS WIRE)--Valify, a healthcare cost management company exclusively dedicated to controlling purchased services expense, today announced the addition of AllSpire Health GPO, LLC to their growing list of partnerships with healthcare collaboratives. Healthcare collaboratives are choosing Valify as their trusted technology partner to gain timely, automated data-driven insights into their members’ purchased services expense. Armed with this intelligence, collaboratives quickly identify, benchmark, execute and track savings initiatives across more than 1,200 purchased services categories. The partnership with AllSpire Health GPO, LLC is the latest in the pattern of collaboratives selecting Valify for delivering value to their members. With the addition of AllSpire Health GPO, LLC, Valify is currently aligned with six collaboratives spanning 164 hospitals and 25,800 beds.
NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthTrust, a performance improvement company for healthcare, announced today its selection of Valify, LLC as its technology partner for expense visibility and benchmarking for purchased services. Valify, a healthcare cost management company dedicated to controlling purchased services expense, offers organizations the ability to identify and benchmark expense and manage savings targets in over 1,200 categories. Under the agreement, members engaging with HealthTrust inSight Advisory will gain access to Valify’s database of $177 billion in categorized spend.
Dallas—Hospital systems are complex, with thousands of vendors helping to keep things working so healthcare providers can tend to sick patients.
Valify, a Dallas-area startup, wants to use software and analytics to help hospitals better track the vendors they use and how much they are paying—and see how that stacks up against their peer institutions. Today, the company will announce that it has raised $2 million in a Series A round.