Vanberra Signal

OpenMarkets Health

Curated by Signal

Groupon-like Technology driven marketplace for healthcare equipment

Overview

OpenMarkets Health provide a tech-enabled smart platform to hospitals for buying medical equipment. Allows Providers to use budgeting and planning applications, which give a hospital's supply chain team new data points on the equipment needs of their clinicians and better visibility into the relationship between doctors and vendors. OpenMarkets then aggregates these data points across a network of over 385 hospitals to create efficient buying events for equipment. The combination of the network's volume, plus the growing base of purchasing data, gives OpenMarkets the leverage to bring equipment prices down 10 to 14% for imaging equipment, surgical tables, lights, hospital beds, stretchers, IT hardware and more. OpenMarkets generates revenue from both an up-front subscription fee and through the savings generated through transactions.

Key facts

Founded
2010

Business model

Contact

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About OpenMarkets Health

What does OpenMarkets Health do?

OpenMarkets Health provide a tech-enabled smart platform to hospitals for buying medical equipment.

Where is OpenMarkets Health headquartered?

OpenMarkets Health is headquartered in Chicago, United States.

When was OpenMarkets Health founded?

OpenMarkets Health was founded in 2010.

Which sector is OpenMarkets Health in?

OpenMarkets Health operates in Enterprise Software & Infrastructure.

Who are OpenMarkets Health's competitors?

Companies similar to OpenMarkets Health include Coosmosoft, DataFox, and Ottolytics.