Valify Raises $2M, Aims to Make Hospital Systems More Efficient
Summary
Dallas—Hospital systems are complex, with thousands of vendors helping to keep things working so healthcare providers can tend to sick patients. Valify, a Dallas-area startup, wants to use software and analytics to help hospitals better track the vendors they use and how much they are paying—and see how that stacks up against their peer institutions. “We provide pure visibility.” In addition, Heckler says Valify’s software can benchmark the data to identify anomalies which could be savings opportunities. The company raised $750,000 in a seed round from angel investors last year and now has 345 hospitals as customers. Heckler used to work for the Texas Purchasing Coalition, where he became frustrated with the excel-based manual entry system currently used to track administrative functions.
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