Valify raises $2M in Series A

What does Valify do?
Valify, is a purchased services bench marking and analytics solution provider. It is the only SaaS bench marking and analytics and tool for purchased services. The company allows healthcare companies for quickly identifying, benchmark and track savings in mitigating financial risk, purchased services and reduce the overall operational costs. The company reveals purchased services spending across the enterprise for helping in identifying immediate cost savings opportunities in over 1200 categories. With proprietary bench marking analysis, organizations can buy purchased services spending against a database of hundreds of peer institutions which is updated monthly for evaluating financial performance, lowering costs and preparing vendor negotiations which typically consists of over than 35% of non labor budget in a hospital.
How much Valify was funded?
Valify raised $2M in Series A on June 6, 2016 from Step 5 Capital and Frist Cressey Ventures.
Previous funding
$750k on December 10, 2015
What is next for Valify?
The company plans to use the latest funding raised for increasing its efforts of research and development and for doubling the company’s employment base. The funding affirms the company’s position as a leading provider of tech solutions which helps the healthcare companies identify savings chances in improving financial operations. The company had its client base has grow to 345 hospitals and the employee base grew from 2 to 16. The company has alos released many new product updates.
More about Valify
Valify was founded in 2014. It has its headquarters in Frisco, Texas. The company is committed to helping healthcare organizations in quickly and accurately reviewing, understanding and capitalizing on savings opportunities with a good tech solution which has positioned the company for good growth in the years to come. With this company organizations can easily and quickly identify unnecessary spending, duplicate services and high cost vendors across all facilities.