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OpenMarkets Unclaimed

Procurement

www.openmarketshealth.com

Chicago, Illinois, United States

OpenMarkets is a healthcare procurement platform connecting providers and suppliers to streamline capital equipment purchasing.

OpenMarkets is a healthcare procurement platform that connects health systems with suppliers to simplify the buying and selling of capital equipment. The platform enables providers and suppliers to move quickly from research to quotes to purchase through connected workflows, centralized catalogs, and transparent collaboration. Since 2011, OpenMarkets has focused on reducing fragmentation and cost in healthcare procurement by delivering user-friendly, powerful tools that streamline sourcing, budgeting, and communications. The organization serves hospitals, health systems, and suppliers, helping them save time, improve efficiency, and make better, data-informed decisions. OpenMarkets emphasizes governance, visibility, and partnerships across the procurement lifecycle, enabling smarter capital planning and procurement at scale.

Since 2011, our mission has been to deliver providers and suppliers user-friendly, powerful products.

What we offer

OpenMarkets Platform

Streamline healthcare equipment procurement with unified workflows and direct supplier access.

www.openmarketshealth.com/products-and-platform/

Market segments

Capital equipment procurement

Capabilities to manage sourcing, quoting, and purchasing of high‑value medical equipment across health systems through connected workflows and direct supplier engagement.

Healthcare equipment marketplace

Public catalog and marketplace for researching, comparing, and transacting medical devices and capital equipment, enabling rapid discovery and price transparency for providers and suppliers.

Capital planning and optimization

Tools and analytics for budgeting, formulary management, and on‑demand market analysis to optimize capital allocation, lifecycle decisions, and value when buying or selling equipment.

Procurement governance and supplier collaboration

Capabilities that provide governance, visibility, standardized catalogs, and in‑app supplier collaboration to enforce policies, approvals, and cross‑organizational procurement controls.

More information about our offering

OpenMarkets Platform

The OpenMarkets Platform is a unified healthcare procurement platform that connects health systems with suppliers to streamline capital equipment buying and selling. It enables providers and suppliers to move from research to quotes to purchase through connected workflows, centralized catalogs, and transparent collaboration, with governance and visibility across the procurement lifecycle. It integrates the Formulary, CapConnect, Optimizer, and Exchange functionalities to enhance the procurement process.

  • Facilitate Supplier Communication
    Enable seamless interaction with suppliers through integrated messaging and quote requests, minimizing delays and inefficiencies.
  • Access Reliable Data
    Equipped with detailed research capabilities, users can make informed choices, mitigating risks associated with procurement.
  • Free Marketplace Access
    Providers can benefit from the Exchange without any fees, making it accessible for all healthcare organizations.
  • Standardize Equipment Purchasing
    Create a cohesive environment where all purchasing decisions are informed by a unified product catalog tailored to your organization’s needs.
  • Enable Transparent Procurement
    Improve oversight and transparency in procurement processes, ensuring all stakeholders are aligned and informed throughout each transaction.
  • Access Thousands Of Listings
    Browse a vast selection of equipment options to find the right fit for your organization from trusted suppliers.
  • Access All Tools in One Place
    Utilize various tools seamlessly integrated into the OpenMarkets platform to enhance efficiency in capital planning and procurement.
  • Support Growing Organizations
    Adapt the platform functionalities to meet the evolving needs of healthcare systems as they expand and evolve.
  • Maximize Procurement Value
    Leverage real-time data insights for informed decision-making on procurement, enhancing overall value and cost-effectiveness.

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