HealthTrust (Nashville, TN) and Valify (Nashville, TN) have launched Valify Solutions Group (VSG), the first purchased services group purchasing organization (GPO) for healthcare. According to the companies, the new GPO leverages the largest data-driven market intelligence from $460 billion in categorized purchasing volume to generate savings for its members.
Valify Solutions Group categorizes non-labor spend and compares it against a comprehensive contract portfolio to identify immediate savings opportunities. Robust algorithms benchmark the categorized data against the industry’s largest database of information from over 1,500 hospitals to help find the next level of savings opportunities for members.
There is no cost to join the purchased services GPO and hospitals can selectively choose from more than 250 contracts, representing more than $8 billion in spend, the companies said.
Membership is non-exclusive, allowing any hospital to participate regardless of its GPO affiliation.