Platform set to eliminate COVID-19-heightened disruption of healthcare supply chain.
HENRICO, VIRGINIA, November 18, 2020
Health Products Xchange (HPX), a Henrico-based company dedicated to improving healthcare supply access and saving more lives, has announced the launch of HPXconnect.com. The site serves as a first-of-its-kind digital marketplace that allows hospitals, distributors, manufacturers, and brokers to share real-time visibility and access to critical medical supplies.
The platform launch comes in the wake of COVID-19, a disease that has exposed preexisting vulnerabilities in the global medicine supply chain made greater by exploding consumer demand, lack of transparency, and limited access to available supply. Through HPXconnect.com, a national network of trading partners can share medical product supply and demand data to easily trade (buy, sell, share, and donate) supplies through a secure platform designed exclusively for healthcare’s unique safety requirements.
“HPXconnect.com is a gamechanger for the healthcare supply chain,” said HPX CEO E.V. Clarke. “For providers simply looking to mitigate supply chain risk, participating in the HPX safety net is a great strategy. But we also help to normalize inventory, which providers are increasingly pointing to as a vital need.”
Safety and reliability are core values of HPXconnect.com. There is a rigorous seller accreditation process that mandates supply sources meet stringent business requirements. Products are validated against the FDA’s medical device database for accurate representation, registration, and recall status before being traded. HPX’s Buyer Assurance program protects buyers by holding payment until the product is received by the buyer as represented. Thanks to the company’s dedicated relationship with FedEx, participants access low-cost shipping through a highly reliable supply chain.
“The pandemic has tied up millions in working capital,” continued Clarke. “With no credible outlet, this will create massive write-offs of salable inventory that will never get to those with the most critical need. Through HPXconnect.com, whether the product is sold to recover investment or donated, every product consumed is another patient treated and a financial loss prevented.”
About Health Products Xchange
Health Products Xchange (HPX) was founded by healthcare supply chain experts and technologists with over 100 combined years of experience concerned by the stability of the healthcare supply chain. HPX spent nearly two years prior to COVID-19 working with healthcare providers, distributors, liquidators, and manufacturers to build HPXconnect.com. The organization is dedicated to ensuring no patient goes untreated due to lack of access or visibility to available supply. To learn more, visit HPXconnect.com.