RADNOR, Pa. (July 11, 2024) — In a significant development for the healthcare industry, Vālenz® Health, a leading platform of integrated cost containment and payment integrity solutions, signed a definitive agreement to acquire Healthcare BluebookTM, an industry-leading healthcare cost and quality navigation platform. The combination will bring together the companies’ complementary offerings and create an integrated member engagement and digital ’front door’ experience and payment integrity data platform. The transaction is expected to close within 45 days subject to certain regulatory approvals.
Healthcare Bluebook combines objective price and quality data with intuitive online navigation capabilities to drive savings and deliver measurable ROI to consumers and responsible employers nationwide. Healthcare Bluebook is an industry leader in comprehensive cost and quality insights across medical and pharmacy care options for employers and their employees. Valenz Health’s many solutions include expansive data sets, care management capabilities, payment integrity solutions and plan performance support. When combined with Healthcare Bluebook, Valenz Health will fulfill what the industry wants and needs to empower members, drive improved health outcomes and simplify healthcare.
According to Rob Gelb, Chief Executive Officer of Valenz Health: “Together, we will be able to offer a single source of data and solutions on an integrated platform that will make it easier for the industry to execute on a healthcare experience that delivers higher-quality, cost-effective and more efficacious care for members. We are exceptionally well positioned to deliver a new pathway for consumers to achieve the Valenz Health promise to engage early and often for smarter, better, faster and more cost-effective healthcare.”
“Because Healthcare Bluebook and Valenz Health share an uncompromised commitment to transparency, member advocacy and cost savings, we will be able to execute at a much deeper level to directly benefit self-insured plans and their members,” said Mike O’Neil, Chief Executive Officer of Healthcare Bluebook. “Together, we will make it easier for members to find and receive high-quality care at a fair price every time, putting members in charge of their own care.”
Clients will continue to experience the same close partnership and personal attention they have come to expect from Healthcare Bluebook and will benefit from it being part of the Valenz Health fully integrated platform.
Stifel and Raymond James acted as financial advisors to Valenz Health. William Blair acted as financial advisor to Healthcare Bluebook. Debevoise & Plimpton LLP acted as legal counsel to Valenz Health; Goodwin Procter LLP acted as legal counsel to Healthcare Bluebook.
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 Health mindset and culture of innovation combine to create a distinctly different approach to an inefficient, uninspired health system. With fully integrated solutions, Valenz Health 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.
Kelso & Company, a leading middle-market private equity firm with a shared vision for accelerating positive change in the delivery of healthcare for the self-insured industry, is the capital partner for Valenz Health. For more information, visit valenzhealth.com.
About Healthcare BluebookTM
Healthcare BluebookTM uses industry-leading objective quality and price data and claims-driven ROI reporting to deliver healthcare value insights to consumers, employers, healthcare providers and payors. Bluebook’s intuitive online healthcare shopping solution provides employers and members with an easy-to-use benefits solution that increases movement from low-value to high-value care and prescription medications, driving savings, rapid ROI and greater price predictability. Combined with a proven engagement methodology, Bluebook’s innovative suite of services empowers smarter healthcare choices while decreasing costs and improving health outcomes.
Primus Capital, the capital partner for Healthcare Bluebook™, is a growth-oriented private equity firm focused on investing in leading healthcare, software and technology-enabled services companies.
For more information, visit healthcarebluebook.com.
https://www.valenzhealth.com/wp-content/uploads/2024/07/Valenz-blue-book-post-600x432-1.png432600Jessica Lahaskyhttps://www.valenzhealth.com/wp-content/uploads/2023/01/valenz-logo-1-23-3.pngJessica Lahasky2024-07-11 07:31:102024-07-10 22:42:37Vālenz® Health Signs Definitive Acquisition Agreement with Healthcare BluebookTM to Create an Industry-Leading Integrated Health Cost, Quality and Utilization Data Platform
Get to know Hava Moss, Talent Acquisition Manager, in this month’s Cultural Case Study!
1.) What’s one word you would use to describe the Valenz culture?
Welcoming! The culture at Valenz is genuinely welcoming. There’s a profound respect for everyone who engages with our organization, be it employees, candidates, or clients. This respect extends to time and work, fostering a feeling of being truly valued within the Valenz space. Every meeting I’ve attended has been warm and inviting, with participants placing great importance on each conversation. In all my interactions, I’ve consistently felt comfortable and welcomed, making the experience at Valenz both pleasant and inclusive.
2.) When someone asks you about Valenz/work, what do you say?
As someone in the HR department, I get to talk about Valenz multiple times a day! I usually explain the experience at Valenz in two parts:
First, what we do as an organization: Valenz is dedicated to providing services and solutions that contain the cost of healthcare while improving healthcare outcomes. Innovation and creativity are at the heart of our approach, allowing us to make a significant impact in various ways.
Second, the experience of working for Valenz: We strive to provide exceptional experiences for our employees, offering numerous opportunities for learning, growth, and innovation.
In my specific role, I have the privilege of contributing to our success through hiring. Creating an exceptional experience for everyone who considers us as an employer is incredibly meaningful to me. Coupled with the impactful work we do, it’s a job I look forward to every day!
3.) How is Valenz a good fit for your talents/skills and passions?
I thrive in environments where I can build genuine, meaningful connections with the people around me, and Valenz is perfect for that.
One of my favorite aspects of Talent Acquisition is working closely with candidates and building lasting relationships. I enjoy meeting new candidates, guiding them through the interview process, and seeing those relationships evolve from candidate to colleague.
This is the place for those who value meaningful connections and seek an employer dedicated to making a positive impact on others’ lives.
RADNOR, PA (June 7, 2024) — As the healthcare industry becomes more complicated, self-insured employers are seeing greater challenges in managing multiple point solution vendors. The use of multiple vendors stands in the way of consolidating data, quickly pinpointing the right solutions to minimize healthcare spend, and fully engaging members in care and services that drive improved health outcomes.
According to Rob Gelb, Chief Executive Officer of Vālenz® Health, “With a vision to simplify healthcare, Valenz consolidated its suite of solutions on a single platform to support the self-insured community more effectively and efficiently.”
At its recent annual client appreciation celebration, the Valenz team gathered with valued customers and partners to solve the industry’s most challenging issues, including point solution fatigue. The consensus: It is a far more convenient, cost-effective and timely option to collaborate with one partner, leveraging one integrated platform of solutions and one powerful source of data.
The opportunity to engage members early with intuitive navigation to providers, a digital front door, and a suite of care management services with bundled care options improves engagement by 25 percent, producing an average savings of up to 50 percent. Adding access to payment integrity solutions with full bill review options for in-network and out-of-network claims further drives cost savings on billed charges. In addition, integrating these services with stop loss underwriting that is aligned with cost-containment solutions and plan design can yield premium savings of 50 percent.
By curating, tailoring and streamlining its solutions for each health plan on one integrated platform, Valenz eliminates the common problem of point solution fatigue. Consequently, employers benefit from greater savings, higher efficiency and elevated member experiences – all from a single team of experts dedicated to their specific needs.
“We found it so inspiring to engage in pivotal conversations about shifting the environment of healthcare and driving behavioral changes that bend the cost curve while improving quality and outcomes of care,” Gelb said. “As we all agree that the healthcare environment is on an unsustainable upward trajectory, we look forward to collaborating further to do what’s right for the industry – optimizing the cost, quality and utilization of care for everyone.”
Engaging early and often, Valenz leverages its transparent, value-based model and provides intuitive navigation across the entire member health journey. By ensuring the highest possible quality of care and optimal outcomes at appropriate costs, the result is strong, vigorous and healthy lives.
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.
https://www.valenzhealth.com/wp-content/uploads/2024/06/Valenz-Point-Solution-Fatigue-v4.png432600Jessica Lahaskyhttps://www.valenzhealth.com/wp-content/uploads/2023/01/valenz-logo-1-23-3.pngJessica Lahasky2024-06-07 17:54:002024-06-28 13:28:20Vālenz® Health Consolidates Solutions on Single Platform, Reduces Point Solution Fatigue and Simplifies Healthcare
Vālenz® Health Signs Definitive Acquisition Agreement with Healthcare BluebookTM to Create an Industry-Leading Integrated Health Cost, Quality and Utilization Data Platform
/in Announcements, Featured, Press/by Jessica LahaskyRADNOR, Pa. (July 11, 2024) — In a significant development for the healthcare industry, Vālenz® Health, a leading platform of integrated cost containment and payment integrity solutions, signed a definitive agreement to acquire Healthcare BluebookTM, an industry-leading healthcare cost and quality navigation platform. The combination will bring together the companies’ complementary offerings and create an integrated member engagement and digital ’front door’ experience and payment integrity data platform. The transaction is expected to close within 45 days subject to certain regulatory approvals.
Healthcare Bluebook combines objective price and quality data with intuitive online navigation capabilities to drive savings and deliver measurable ROI to consumers and responsible employers nationwide. Healthcare Bluebook is an industry leader in comprehensive cost and quality insights across medical and pharmacy care options for employers and their employees. Valenz Health’s many solutions include expansive data sets, care management capabilities, payment integrity solutions and plan performance support. When combined with Healthcare Bluebook, Valenz Health will fulfill what the industry wants and needs to empower members, drive improved health outcomes and simplify healthcare.
According to Rob Gelb, Chief Executive Officer of Valenz Health: “Together, we will be able to offer a single source of data and solutions on an integrated platform that will make it easier for the industry to execute on a healthcare experience that delivers higher-quality, cost-effective and more efficacious care for members. We are exceptionally well positioned to deliver a new pathway for consumers to achieve the Valenz Health promise to engage early and often for smarter, better, faster and more cost-effective healthcare.”
“Because Healthcare Bluebook and Valenz Health share an uncompromised commitment to transparency, member advocacy and cost savings, we will be able to execute at a much deeper level to directly benefit self-insured plans and their members,” said Mike O’Neil, Chief Executive Officer of Healthcare Bluebook. “Together, we will make it easier for members to find and receive high-quality care at a fair price every time, putting members in charge of their own care.”
Clients will continue to experience the same close partnership and personal attention they have come to expect from Healthcare Bluebook and will benefit from it being part of the Valenz Health fully integrated platform.
Stifel and Raymond James acted as financial advisors to Valenz Health. William Blair acted as financial advisor to Healthcare Bluebook. Debevoise & Plimpton LLP acted as legal counsel to Valenz Health; Goodwin Procter LLP acted as legal counsel to Healthcare Bluebook.
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 Health mindset and culture of innovation combine to create a distinctly different approach to an inefficient, uninspired health system. With fully integrated solutions, Valenz Health 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.
Kelso & Company, a leading middle-market private equity firm with a shared vision for accelerating positive change in the delivery of healthcare for the self-insured industry, is the capital partner for Valenz Health. For more information, visit valenzhealth.com.
About Healthcare BluebookTM
Healthcare BluebookTM uses industry-leading objective quality and price data and claims-driven ROI reporting to deliver healthcare value insights to consumers, employers, healthcare providers and payors. Bluebook’s intuitive online healthcare shopping solution provides employers and members with an easy-to-use benefits solution that increases movement from low-value to high-value care and prescription medications, driving savings, rapid ROI and greater price predictability. Combined with a proven engagement methodology, Bluebook’s innovative suite of services empowers smarter healthcare choices while decreasing costs and improving health outcomes.
Primus Capital, the capital partner for Healthcare Bluebook™, is a growth-oriented private equity firm focused on investing in leading healthcare, software and technology-enabled services companies.
For more information, visit healthcarebluebook.com.
Staff Spotlight: Hava Moss, Talent Acquisition Manager
/in Announcements, Featured/by Jessica LahaskyGet to know Hava Moss, Talent Acquisition Manager, in this month’s Cultural Case Study!
1.) What’s one word you would use to describe the Valenz culture?
Welcoming! The culture at Valenz is genuinely welcoming. There’s a profound respect for everyone who engages with our organization, be it employees, candidates, or clients. This respect extends to time and work, fostering a feeling of being truly valued within the Valenz space. Every meeting I’ve attended has been warm and inviting, with participants placing great importance on each conversation. In all my interactions, I’ve consistently felt comfortable and welcomed, making the experience at Valenz both pleasant and inclusive.
2.) When someone asks you about Valenz/work, what do you say?
As someone in the HR department, I get to talk about Valenz multiple times a day! I usually explain the experience at Valenz in two parts:
First, what we do as an organization: Valenz is dedicated to providing services and solutions that contain the cost of healthcare while improving healthcare outcomes. Innovation and creativity are at the heart of our approach, allowing us to make a significant impact in various ways.
Second, the experience of working for Valenz: We strive to provide exceptional experiences for our employees, offering numerous opportunities for learning, growth, and innovation.
In my specific role, I have the privilege of contributing to our success through hiring. Creating an exceptional experience for everyone who considers us as an employer is incredibly meaningful to me. Coupled with the impactful work we do, it’s a job I look forward to every day!
3.) How is Valenz a good fit for your talents/skills and passions?
I thrive in environments where I can build genuine, meaningful connections with the people around me, and Valenz is perfect for that.
One of my favorite aspects of Talent Acquisition is working closely with candidates and building lasting relationships. I enjoy meeting new candidates, guiding them through the interview process, and seeing those relationships evolve from candidate to colleague.
This is the place for those who value meaningful connections and seek an employer dedicated to making a positive impact on others’ lives.
Vālenz® Health Consolidates Solutions on Single Platform, Reduces Point Solution Fatigue and Simplifies Healthcare
/in Featured, Press/by Jessica LahaskyRADNOR, PA (June 7, 2024) — As the healthcare industry becomes more complicated, self-insured employers are seeing greater challenges in managing multiple point solution vendors. The use of multiple vendors stands in the way of consolidating data, quickly pinpointing the right solutions to minimize healthcare spend, and fully engaging members in care and services that drive improved health outcomes.
According to Rob Gelb, Chief Executive Officer of Vālenz® Health, “With a vision to simplify healthcare, Valenz consolidated its suite of solutions on a single platform to support the self-insured community more effectively and efficiently.”
At its recent annual client appreciation celebration, the Valenz team gathered with valued customers and partners to solve the industry’s most challenging issues, including point solution fatigue. The consensus: It is a far more convenient, cost-effective and timely option to collaborate with one partner, leveraging one integrated platform of solutions and one powerful source of data.
The opportunity to engage members early with intuitive navigation to providers, a digital front door, and a suite of care management services with bundled care options improves engagement by 25 percent, producing an average savings of up to 50 percent. Adding access to payment integrity solutions with full bill review options for in-network and out-of-network claims further drives cost savings on billed charges. In addition, integrating these services with stop loss underwriting that is aligned with cost-containment solutions and plan design can yield premium savings of 50 percent.
By curating, tailoring and streamlining its solutions for each health plan on one integrated platform, Valenz eliminates the common problem of point solution fatigue. Consequently, employers benefit from greater savings, higher efficiency and elevated member experiences – all from a single team of experts dedicated to their specific needs.
“We found it so inspiring to engage in pivotal conversations about shifting the environment of healthcare and driving behavioral changes that bend the cost curve while improving quality and outcomes of care,” Gelb said. “As we all agree that the healthcare environment is on an unsustainable upward trajectory, we look forward to collaborating further to do what’s right for the industry – optimizing the cost, quality and utilization of care for everyone.”
Engaging early and often, Valenz leverages its transparent, value-based model and provides intuitive navigation across the entire member health journey. By ensuring the highest possible quality of care and optimal outcomes at appropriate costs, the result is strong, vigorous and healthy lives.
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.