The online marketplace includes devices, pharmaceuticals, capital equipment and supplies.
What to do with all those legacy medical devices? They still have value and hospitals invested a lot of money in them so simply throwing these legacy devices away doesn’t seem fiscally responsible when another facility may be able to use it and the seller can recover some of their investment.
The Colorado Hospital Association formed a partnership last January with H-Source, an online marketplace for buying and selling devices, pharmaceuticals, capital equipment and supplies. In recent months, transactions between association members have steadily increased, resulting in greater cost recovery and savings for Colorado hospitals, the association reported.
HealthCare IT News quotes Michael Scott, Vice President of Shared Services at the Colorado Hospital Association:
Our members deal with many challenges while controlling costs, reducing waste and implementing sustainability strategies. They look for resources to help modify their hospital’s cost structures. H-Source is a resource providing members that opportunity to reduce and recover expenses.