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“As much as 50% of the price of a piece of capital equipment can be [attributed to] vendor SG&A,” said Fineberg. He continued by suggesting that transparency and automation in the capital equipment acquisition process could reduce that amount significantly.
Fineberg dives in to the major pain points that both healthcare providers and equipment suppliers are experiencing in the transaction process, and why transparency and data-sharing can help alleviate these issues. You can read the article in it’s entirety here.
OpenMarkets believes that improving the relationship between buyers and sellers of healthcare equipment will remove significant waste from the $80BN capital market and reduce healthcare costs for patients. The newest OpenMarkets platform, the Exchange, facilitates better provider/supplier collaboration with features like instant messaging and a centralized platform to track files and communication.