Health Products Xchange is behind hpxconnect.com, a new digital marketplace allowing healthcare providers, distributors, manufacturers and brokers to share real-time visibility and access to critical medical supplies.
Through the platform, a national network of trading partners shares medical product supply and demand data to buy, sell, share and donate through a secure platform designed exclusively for the healthcare industry in light of COVID-19.
Many providers point to normalizing inventory and maintaining access to personal protective equipment and other equipment as an on-going and vital need.
“The crisis shifted the industry from just-in-time to just-in-case inventory tying up millions in working capital, that, with no credible outlet, will create massive write-offs of salable inventory, never getting to those with critical demand,” said HPX CEO E.V. Clarke. “Through HPXconnect.com, trading partners can easily and efficiently trade surplus. Whether the product is sold to recover investment or donated, every product consumed is another patient treated and a financial loss that didn’t occur.”
With HPXconnect, a rigorous seller-accreditation process requires that supply sources meet stringent business requirements. Products are validated against the medical device database administered by the FDA for accurate representation, registration and recall status.
A buyer assurance program also protects buyers by holding payment until the product is received by the buyer as represented.