Purchased Services Analytics | GHX

Purchased Services Analytics

Spend smarter and save more.

GHX Solutions Provider – Valify

You’re on a mission to find savings and we’re here to help. GHX helps drive down costs in healthcare through the supply chain by providing better visibility to improve spend management, operational performance and cash flow. Through supply chain automation, timely order management and visibility into purchasing processes, hospitals can make smarter, better and faster decisions that impact their bottom line. 

Now GHX has teamed up with Valify to offer an analytics application and consulting services focused specifically on purchased services. Purchased services account for nearly 41 percent of annual non-labor spend and most providers have limited visibility into this data. With Valify, you get the same kind of visibility and management over purchased services spend that NuVia gives you over med-surg spend. Even more, Valify reveals savings opportunities in less than a week. In purchased services alone, savings of up to 25 percent of total purchased services spend can be identified and achieved through Valify’s analytics tool.

Identify, benchmark and track savings in purchased services

Sourcing and contracting are typically spread across the organization, which decreases visibility and ultimately your ability to manage resources. Valify offers a single tool for purchased services for everything from food services to landscaping where you can compare your costs against other hospitals within your network or across the country.

Benefits

  • Identify vendor consolidation opportunities
  • Track trends and issues with insight into monthly spend
  • Create custom savings projects by category or vendor
  • Compare spend in purchased services across all facilities by category and down to the department level

Features

  • Easily search by vendor and category
  • Track spending by vendor, category and facility
  • Categorize purchased services in more than 1,000 categories 

For more information on Valify, visit www.getvalify.com.

Provider Products

Complete this form to request more information or ask questions about our solutions and services. A GHX representative will contact you.

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