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CHICAGO – June 13, 2020 – The Medical University of South Carolina (MUSC), owner and operator of eight hospitals situated in Charleston, Chester, Florence, Lancaster and Marion counties, has renewed a multi-year technology agreement with OpenMarkets, Inc., the leading online platform for buying, selling and managing healthcare equipment.
MUSC and its affiliates have collective annual budgets of $3 billion, and through OpenMarkets CAP ConnectTM, the partnership provides much-needed visibility and a strategic approach to capital equipment budgeting and procurement using the cloud-based software.
“At MUSC, we believe innovation can and should occur everywhere from our renowned research labs and patient care teams to the processes and services that keep MUSC running,” says Dr. David Habib, Chief Medical Officer for the Supply Chain at the Medical University of South Carolina. “OpenMarkets has been an innovative partner since day one. They truly walk the talk and continue to drive efficiency while providing the support and interface we need.”
“Given the size and complexity of our system, we were looking to leverage data, visibility and process when we first signed on with OpenMarkets,” explains Jen Simon, Analyst, Capital Asset Planning and Tracking at the Medical University of South Carolina. “CAP Connect is straightforward and intuitive. It does not just meet the needs for capital planning processes but surpasses them. For what we do and the way we track capital now, we couldn’t live without OpenMarkets.”
As a full capital management solution, CAP Connect unites health systems with related partners and entities into one central, transparent platform for capital budgeting, workflow, requisitioning, supplier research and data-driven purchasing.
“Partners like MUSC know firsthand that standardizing on a common platform with the ability to aggregate on capital purchases delivers new efficiencies,” says Trevor Wood, CEO, OpenMarkets. “Taking it a step further, we know that better data produces better working relationships and value for both providers and suppliers.”
OpenMarkets is a rapidly growing technology company reinventing the healthcare equipment marketplace with an emphasis on data, collaboration, and simplicity. We are changing what’s possible for buyers and sellers of healthcare equipment. Discover more about our technology and the power of our data at www.openmarketshealth.com or follow us @_OpenMarkets.
Founded in 1824 in Charleston, MUSC is the oldest medical school in the South, as well as the state’s only integrated, academic health sciences center with a unique charge to serve the state through education, research and patient care. Each year, MUSC educates and trains more than 3,000 students and 700 residents in six colleges: Dental Medicine, Graduate Studies, Health Professions, Medicine, Nursing and Pharmacy. The state’s leader in obtaining biomedical research funds, in fiscal year 2018, MUSC set a new high, bringing in more than $276.5 million. For information on academic programs, visit http://musc.edu. As the clinical health system of the Medical University of South Carolina, MUSC Health is dedicated to delivering the highest quality patient care available, while training generations of competent, compassionate health care providers to serve the people of South Carolina and beyond. Comprising some 1,600 beds, more than 100 outreach sites, the MUSC College of Medicine, the physicians’ practice plan, and nearly 275 telehealth locations, MUSC Health owns and operates eight hospitals situated in Charleston, Chester, Florence, Lancaster and Marion counties. In 2018, for the fourth consecutive year, U.S. News & World Report named MUSC Health the number one hospital in South Carolina. To learn more about clinical patient services, visit http://muschealth.org. MUSC and its affiliates have collective annual budgets of $3 billion. The more than 17,000 MUSC team members include world-class faculty, physicians, specialty providers and scientists who deliver groundbreaking education, research, technology and patient care.