HCA Healthcare, one of the nation’s leading healthcare providers, recently announced it has acquired Valify, a technology company focused on helping clients reduce the overall cost of healthcare services.
HCA Healthcare is one of the nation’s leading providers of healthcare services that is based in Nashville. The organization comprises 184 hospitals and approximately 2,000 sites of care, including surgery centres, freestanding ERs, urgent care centres, and physician clinics, in 21 states and the United Kingdom. With its founding in 1968, HCA Healthcare created a new model for hospital care in the United States, using combined resources to strengthen hospitals, deliver patient-focused care and improve the practice of medicine. HCA Healthcare has conducted a number of clinical studies, including one that demonstrated that full-term delivery is healthier than early elective delivery of babies and another that identified a clinical protocol that can reduce bloodstream infections in ICU patients by 44 percent. HCA Healthcare is a learning health system that uses its more than 31 million annual patient encounters to advance science, improve patient care and save lives
Based in Frisco, Texas, Valify’s web-based technology platform is able to provide healthcare systems with in-depth analysis and greater insights across a variety of service categories. The company’s proprietary technology, analytics, benchmarking and professional advisory services enables hospitals to better manage resources in ancillary areas.
“Valify’s advanced analytical platform will help us identify and pursue opportunities to decrease the overall cost to provide healthcare services,” said HCA Healthcare’s chief financial officer and executive vice president, Bill Rutherford. “We look forward to working with the Valify team to further develop their offerings to benefit all of their clients.”
Valify is the only healthcare cost management company exclusively dedicated to managing purchased services expense. Valify’s web-based technology platform uses proprietary machine learning algorithms which allow healthcare organizations to quickly identify and manage savings opportunities in over 1,200 categories.