Insights
Stay up-to-date on all news around buying, selling, and managing healthcare equipment. OpenMarkets is used by hundreds of hospitals and equipment suppliers to facilitate sales communications.
Sourcing is the last to know
72% of health system supply chain executives say supply chain doesn't formally govern their approach to capital equipment management. In our experience, that leads to a lack of early visibility and...
Nobody plans in a spreadsheet by choice
Last month we found out why. We spent close to three hours in a room with the people who run capital equipment at a large IDN, mapping their process from the first sign of a need to the purchase...
Was that a good price?
A buyer at St. Clair Health had a rented T-pump coming off lease and a buyout quote in hand. Before she signed, she sent the quote out for a market check instead of working it herself. It came back...
We turned our clinicians into part-time buyers
A field note on the administrative work that migrated into clinical hands, and how to find it in your own organization I have asked a lot of nurse managers to walk me through how equipment actually...
Whoever Signs the Purchase Order Never Answers the 2 A.M. Alert
Every device bought outside the standard arrives with unquoted operational debt that clinical engineering absorbs for the next seven years. A capital request gets approved on two things: a clinical...
OpenMarkets and Winners of the Chicago Innovation Awards Ring the Nasdaq Closing Bell
Celebrating Innovation in the Chicago Region Chicago, IL (August 1, 2025) – OpenMarkets, the platform powering smarter capital planning and procurement for healthcare, will join fellow winners of...
OpenMarkets Coaches Guthrie Health Through a Simple, Seamless Upgrade of Their Capital Procurement Process
Guthrie Health, a 100-year-old rural health system, onboarded its 4 hospitals and 38 non-acute care centers in just 3.5 months to the OpenMarkets platform, which was customized to fit their unique...
A New Look, The Same Commitment
As OpenMarkets grows and innovates, we’re refreshing our brand to reflect our commitment to clients and the future of our industry. You’ll see updates across our brand identity, starting with a new...
Surgery Partners, Inc. Enhances Capital Policy in Partnership with OpenMarkets to Drive Proactive Equipment Sourcing
Surgery Partners Inc., a large and growing organization that manages over 200 Physician Practices, Ambulatory Surgery Centers, and Specialty Hospitals, revamped their previously decentralized,...
Healthcare Equipment Purchasing: The Digital Transformation
Introduction Healthcare equipment purchasing has undergone a transformative journey in recent years. Despite its substantial size, with an annual market value of nearly $82 billion in the US alone,...
West Coast Children’s Hospital Saves $27,500 on a Single Order
Optimizer, a OpenMarkets data-driven SaaS product, identified a solution benefiting a west coast children’s hospital and their chosen supplier, resulting in nearly $30,000 in cost avoidance for the...
Streamlining Capital Planning and Equipment Purchasing with OpenMarkets: A Seamless Integration with ERP Platforms
In the dynamic and demanding environment of healthcare administration, health technology management, and supply chain, efficiency is paramount. Capital planning and equipment purchasing are critical...
Streamlining Hospital Supply Chains: The Power of OpenMarkets
The COVID-19 pandemic revealed the vulnerabilities of hospital supply chains, prompting healthcare facilities to seek innovative solutions to address rising costs, inefficiencies, and the need for...
Unlocking Efficiency: How Clojure Drives Innovation at OpenMarkets
Clojure is a computer programming language notable for its unique combination of a variety of different technologies. It's part of the LISP (List Processor) family of computer programming...
Prominent Academic Healthcare Center Transforms Equipment Procurement Operations with Innovative Budgeting and Data Approach
In today's evolving healthcare landscape, academic healthcare institutions are constantly seeking innovative ways to streamline operations, increase transparency, and realize cost-saving potential....
Shannon Health Adds Dynamic Scoring to Capital Process & Platform
Shannon Health*, a mid-sized health system in San Angelo, TX, has long sought a fair, transparent way to justify and evaluate capital funding requests. Consisting of two hospitals and 22 clinics,...
OpenMarkets is changing healthcare equipment buying.