HealthTrust Advisory Services & Valify Solutions Group provide members with an opportunity to reduce expenses & improve performance
Your organization can achieve additional savings from engaging with solutions from HealthTrust. Here’s how.
Advisory Services
Value Analysis
- Average identified savings >10%
- >$3B in spend analyzed
- 9 different IDNs and 265+ hospitals since 2017
“Value Analysis is a key tenet at Steward Health Care, where we have stated objectives of driving quality patient outcomes at value price points. In the search for driving quality outcomes, HealthTrust has been a good partner. Its Value Analysis team has provided an additional set of hands and supported our Value Analysis program with several suggestions and ideas contributing to our mission and goals. ”
– Michael Prokopis, Senior Vice President, Supply Chain, Steward Health Care
Supply Chain Operations
- Reduced on-hand inventory by up to 25% to eliminate waste and expiration
- >5% savings on impacted expenses (price compliance, waste reduction, labor efficiency)
- Up to 20% productivity improvement
Pharmacy Operations
- $26M+ in savings achieved (84% of all savings opportunities identified)
- An average 5% and up to 10% in savings based on analyzed spend, with savings ranging from $3.5M to $30M
- Spend benchmarking that led to $500K+ in savings for an antimicrobial stewardship program
“The HealthTrust team has been instrumental in our journey toward operational standardization and clinical excellence.”
– David Silverman, VP Pharmacy Services, Prime Healthcare
“HealthTrust’s Pharmacy Solutions performed a supply expense benchmark analysis that demonstrated the value of antimicrobial stewardship, allowing us to hire a critical pharmacist position.”
– Joseph Krushinski, Director of Pharmacy, Methodist Le Bonheur Healthcare
Surgical Operations
- Improved preference card accuracy by 30% or more
- Reduced waste by up to 10%
Lab Operations
- 8%–12% savings on non-labor lab expenses
- 25% savings on reference lab spend
“HealthTrust is an extension of who we are. We are working together to solve market problems and to assess concerns, issues and barriers across the industry.”
– Dameka Miller, VP of Strategic Sourcing & Value Analysis, Trinity Health (see more on Trinity Health’s engagement)
Email solutions@healthtrustpg.com to find out how HealthTrust’s Advisory Services can help your organization.
Valify Solutions Group
HealthTrust’s Valify Solutions Group (VSG) has helped members achieve noteworthy results.
- Subscribers see an average of 10%–30% savings per category
- VSG processes $800B in annual spend in 1,400 unique categories
- 44 HealthTrust health systems subscribe to Valify and actively save through consolidation of suppliers
Read member testimonials about these services at healthtrustpg.com/SpotlightOnSavings
For more information, contact Valify’s Client Success team at info@getvalify.com.
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