Five Radnor Corporate Center
100 Matsonford Road, #5-444
Wayne, PA 19087
United States of America
Toll-Free: (866) 762-4455
Main Fax: (888) 452-6512
Five Radnor Corporate Center
100 Matsonford Road, #5-444
Wayne, PA 19087
United States of America
Toll-Free: (866) 762-4455
Main Fax: (888) 452-6512
Vālenz® Health Provider Credentialing Solution VPoint™ Attains SOC 2 Type II Certification for Strong Data Security
/in Announcements, Featured, Press/by Jessica LahaskyVālenz® Health, a leading platform of integrated cost containment and payment integrity solutions, announces that its VPoint™ provider credentialing solution has attained SOC 2 Type II security certification. This demonstrates Valenz Health’s strong commitment to data security, verifying that the necessary internal controls and processes are in place to significantly minimize risk of data breaches and other costly vulnerabilities.
The SOC 2 audit provides an independent, third-party validation that a service organization’s information security practices meet the high industry standards stipulated by the American Institute of Certified Public Accountants (AICPA). SOC 2 Type II reports are the most comprehensive certification within the SOC protocol.
The rigorous, long-term audit tests an organization’s non-financial reporting controls in relation to security, availability, processing integrity, confidentiality, and privacy of a system. The SOC 2 Type II report for VPoint, delivered by KirkpatrickPrice, verifies the suitability of the design and operating effectiveness of Valenz Health’s internal controls to meet the standards for these criteria as part of its high-quality client services.
“We are proud to attain this significant security certification, as it underscores our unwavering commitment to protecting sensitive customer and partner data,” said Srini Achukola, Chief Information Officer of Valenz Health. “In an increasingly data-driven healthcare industry, the SOC 2 Type II attestation is critical to establishing transparency and trust in today’s market.”
“The SOC 2 audit is based on the Trust Services Criteria,” said Joseph Kirkpatrick, President of KirkpatrickPrice. “With its VPoint solution, Valenz Health delivers trust-based services to its clients, and by communicating the results of this audit, its clients can be assured of their reliance on VPoint’s controls.”
About Vālenz® Health
Vālenz® Health is the platform to simplify healthcare – the destination for employers, payers, providers and members to reduce costs, improve quality, and elevate the healthcare experience. The Valenz mindset and culture of innovation combine to create a distinctly different approach to an inefficient, uninspired health system. With fully integrated solutions, Valenz engages early and often to execute across the entire patient journey – from care navigation and management to payment integrity, plan performance and provider verification. With a 99% client retention rate, we elevate expectations to a new level of efficiency, effectiveness and transparency where smarter, better, faster healthcare is possible.
About KirkpatrickPrice
KirkpatrickPrice is a licensed CPA firm, PCI QSA, and a HITRUST CSF Assessor, registered with the PCAOB, providing assurance services to over a thousand clients in North America, South America, Asia, Europe, and Australia. The firm has more than a decade of experience in information security by performing assessments, audits, and tests that strengthen information security practices and internal controls. KirkpatrickPrice most commonly performs assessments on SOC 1, SOC 2, PCI DSS, HIPAA, HITRUST CSF, GDPR, ISO 27001, FISMA, and FERPA frameworks, as well as advanced-level penetration testing. For more information, visit www.kirkpatrickprice.com, follow KirkpatrickPrice on LinkedIn, or subscribe to the YouTube channel.
Title Sponsor Vālenz® Health to Unveil Future of High-Value Care for the Self-Insured Community at SIIA 2024 National Conference
/in Announcements, Featured, Press/by Jessica LahaskyFor the third consecutive year, Vālenz® Health will serve as Title Sponsor of the Self-Insurance Institute of America (SIIA) National Conference, widely considered the largest and most influential professional gathering in the self-insured industry.
The SIIA National Conference will be held Sept. 22-24 at the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Ariz. This year’s event will focus on how to “Lead” the way toward solutions that will shape the future of the self-insurance marketplace.
“Employers, TPAs, brokers, stop loss carriers and healthcare providers are seeking a more seamless approach to solving the complexity of healthcare. At the SIIA National Conference, we look forward to sharing how we can work together to simplify healthcare,” said Rob Gelb, Chief Executive Officer of Valenz Health. “We are addressing the unmet needs of our industry by creating a simplified platform for high-value care that can yield greater transparency, flexibility and cost controls, while meeting modern member needs through a consumer-driven approach.”
This marks the first major industry event since Valenz Health acquired Healthcare Bluebook, a leading healthcare cost and quality navigation platform, in July 2024. Attendees will have the opportunity to connect with the Valenz Health team to learn more about how the company and its customers are transforming access and outcomes by integrating Healthcare Bluebook’s cost, quality and utilization data sets and tools with curated cost-containment and contracted/non-contracted provider network solutions.
According to Gelb, the Valenz Health single platform of integrated solutions solves the challenge of point solution fatigue. “We turned this challenge into change by listening, learning and engaging our customers, which opened the new opportunity for high-value care to take hold across the self-insured landscape,” Gelb said.
Valenz Health has been a Diamond Member of SIIA since 2020, signifying the highest level of support for SIIA’s mission and demonstrating a leadership position in serving the needs of the self-insurance community.
For more insight into how Valenz Health serves as a distinctly different partner with one integrated platform, connect with the team at booth 500, 601 at the conference, visit valenzhealth.com or call (866) 762-4455.
About Vālenz® Health
Vālenz® Health is the platform to simplify healthcare – the destination for employers, payers, providers and members to reduce costs, improve quality, and elevate the healthcare experience. The Valenz mindset and culture of innovation combine to create a distinctly different approach to an inefficient, uninspired health system. With fully integrated solutions, Valenz engages early and often to execute across the entire patient journey – from care navigation and management to payment integrity, plan performance and provider verification. With a 99% client retention rate, we elevate expectations to a new level of efficiency, effectiveness and transparency where smarter, better, faster healthcare is possible. For more information, visit valenzhealth.com.
Care Bundles and Navigation for Better Costs and Quality
/in Featured, Press/by Jessica LahaskyAs the costs and complexities of healthcare continue to skyrocket, the methods of pricing for provider services and the way the industry looks at care are facing a much-needed change.
Historically, providers have received separate payments for each individual service or patient treatment. This fee-for-service reimbursement model, used by many commercial payers, relies on provider networks and focuses on the quantity of services provided, rather than the total package of care and the cost and quality of those services. In addition, when coupled with the complications of insurance billing and reimbursement, fee-for-service models often lead to inflated costs for patients and providers.
Vālenz® Health believes employers can generate greater savings, appropriate utilization and higher quality of care when deploying healthcare models built on episodes of care, as demonstrated through the Valenz comprehensive range of care bundles. Although bundled pricing is not new, the Valenz model is distinctly different, as it deploys numerous reliable data sources to arrive at defensible local market-sensitive rates while driving members to high-value care.
By aggregating years of robust data from thousands of provider network cases with industry-leading sources of payment-, cost-, charge-based and clinical data sets, together with intuitive member navigation, Valenz optimizes cost, quality and utilization of care. Read more in our white paper.