Transforming the healthcare supply chain, one member at a time.
According to Markets & Markets research, the global healthcare supply chain market was valued at $9.2 billion in 2014 and is poised to grow at a CAGR of 8.3% from 2014 to 2019 to reach $13.8 billion by 2019. The North American market is expected to grow at the highest rate, with the need to lower healthcare costs being the major driver for this market. In an effort to help reduce these costs, Synthium Health has come up with a “Go Direct” solution to enable eCommerce between healthcare buyers and sellers and to manage their supplies.
Synthium Health is a cloud-based, digital information and eCommerce platform engineered exclusively for the healthcare industry. We offer automated supply chain management solutions that create remarkable experiences between trading partners by driving engagement and conversion.
Why do manufacturers want to join Synthium?
Healthcare manufacturers often use two channels to sell their products—distributors and GPOs. If they use both these channels, it costs about 5% and there are many terms and conditions attached. With Synthium Health, manufacturers have the “Go Direct” option alongside the other two, with the following benefits:
- Save over 50% on the transaction fee
- Pricing transparency
- Inventory visibility
- Ability to interact with their customers (healthcare providers) and innovate
Why do providers want to join Synthium?
Healthcare providers have a variety of options to purchase products, which can be time consuming and confusing. With Synthium Health they:
- Manage inventory
- Enable the JIT(Just in Time) delivery option
- Eliminate contracted pricing errors
- Save by choosing to “Go Direct”
- Search the best prices at the time by using our Agent technology
- Manage surgeries effortlessly using our surgery scheduler
Synthium Health helps providers and suppliers come together in a single community to discover and collaborate in the marketplace, eliminating the middleman. Leveraging the latest technologies and online solutions, our customers cut operational costs, maximize efficiencies, grow revenues and build long-lasting relationships.
We named our company Synthium Health because it integrates the power ofsynergy and synthesis between providers and suppliers who come together in cooperation to positively impact the healthcare system. Synthium Health is a place to do business – and a place to communicate with colleagues and learn about products, breakthroughs and best practices.
The mission of Synthium Health is to provide healthcare providers and suppliers with excellence in automated supply chain management solutions. By remaining flexible and adaptive to the evolving needs of our healthcare community, we help members achieve a measurable difference in the form of cost savings, operational efficiency, and supplies/inventory visibility and management.
Synthium Health is a networking marketplace for the healthcare industry that enables providers and suppliers to exchange information and conduct eBusiness.
Founder developed the back end and hired professional team of designers and engineers.
Seed Funding of $500k enabled: Deep Customer Research & Surveys, and Platform Development.
Built out the Production Servers & Network Architecture.
Added 2 Sales & Marketing Professionals and re-developed Marketing Strategy.
Review of Exchange Rules & User Agreements by FDA Legal Counsel.
SEO/marketing efforts started and first member was signed up.
Advanced Partnership Talks with 3 Major Players.
409 Customers signed up on Synthium Health platform.