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Recently, we developed a transaction ticker for providers and suppliers to see the transactions that are occurring daily in the OpenMarkets platform. These transactions are facilitated by the OpenMarkets Exchange, a new marketplace for buyers and sellers of healthcare equipment to collaborate in real-time. Whether a provider needs quotes or is ready to negotiate an equipment purchase, the Exchange will connect them with suppliers and keeps projects, documents, and communication organized.
As hospital supply chain executives continue the balancing act of improving patient care and purchasing economics, they are turning to new ways of streamlining their capital processes and creating visibility within their organizations. Similarly, healthcare equipment suppliers are looking to remove complexity and opacity from the selling process and lower the extraordinarily high SG&A costs that dominate the industry.
OpenMarkets is laser focused on alleviating the pain points of both providers and suppliers, and has created technology to facilitate better collaboration and increased efficiency for all stakeholders.
By providing both sides with access to the same information, we will improve visibility and transparency, creating a better platform for providers and suppliers to begin a conversation.