Across Europe and the globe, there is unprecedented financial pressure on healthcare players and providers, which, in turn, makes the European MedTech landscape increasingly challenging. The procurement of medical products, equipment and technologies in the health system is complicated by suboptimal, duplicated or repetitive processes which increase costs and delays for all stakeholders. There is need for a B2B sales channel that offers transparent, fair and cost-effective process for MedTech suppliers as well as easier price/product comparisons and significantly lower transaction costs for hospitals.
The hystrix medical marketplace is the first digital marketplace for medical products that extends beyond pure tendering support to provide Healthcare providers (HCPs) and MedTech suppliers alike with an accelerated procurement experience, access to transact at market prices, smart contracting between counterparties, automated approval processing, and the opportunity to significantly redeploy FTE time and cost to more value additive tasks.
The objectives of the hystrix project are focused on defining the technological, commercial and financial tasks to improve the marketplace’s performance from a technical perspective as well as ensuring that the marketplace meets the basic requirements for easy uptake in Europe.