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January 10, 2020 05:58 PM

HCA buys purchased services analysis firm Valify

Alex Kacik
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    Investor-owned hospital giant HCA Healthcare acquired purchased-services analytics company Valify, the Nashville.-based health system announced Friday.

    Frisco, Texas-based Valify aims to aggregate hospitals' often-overlooked array of contracts from laundry and food vendors to blood products, and benchmark their spending.

    "Valify's advanced analytical platform will help us identify and pursue opportunities to decrease the overall cost to provide healthcare services," William Rutherford, HCA's chief financial officer and an executive vice president, said in prepared remarks.

    The acquisition of privately held Valify for undisclosed terms continues to broaden HCA's revenue sources, similar to other health systems' endeavors.

    HCA recently acquired a majority stake in the parent company that owns Galen College of Nursing, a private nursing school with five campuses. It marks HCA's third nursing school investment and helps shield the 184-hospital system's from ongoing labor shortages.

    HCA has also been expanding its urgent care network, bolstering its close to 40 centers in North Texas with its purchase of 24 MedSpring urgent-care centers from Fresenius Medical Care.

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      • Current News
      • Providers
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      • Transformation
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      • ESG
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      • Regional News
        • Midwest
        • Northeast
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      • Digital Edition (Web Version)
    • Opinion
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      • From the Editor
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        • Nominate/Eligibility
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        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
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      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
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      • Hospital Financials
      • Staffing & Compensation
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