MARIETTA, GA – APRIL 25, 2016 – 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 engineered a “Go Direct” online supply chain management solution to enable eCommerce between healthcare providers and suppliers to manage their purchase acquisition.
Synthium Health (http://www.synthiumhealth.com), headquartered in Marietta, GA, is a cloud-based Supply Chain Management eCommerce platform engineered exclusively for the healthcare industry. According to Vijay Reddy, CEO, “Manufacturers sell their products primarily in one of two ways—through distributors or GPOs. Synthium Health allows for two way engagement options and is unique in its design, facilitating the ‘go direct’ option, which helps reduce operational costs, increase efficiencies and boost revenues, attracting the notice of crowdfunders.”
Engineered to be sequentially logical, robust and simple to engage, Synthium Health is a fully integrated marketplace platform for all healthcare trading partners. Healthcare suppliers/manufacturers (including distributors) can extend their reach, compete and increase revenue volumes through a single source, all while reducing operational costs. At the same time, the platform’s buyers/healthcare providers optimize spend, lower costs and reduce supply risks. The platform allows for streamlined and optimized workflow efficiencies by working with multiple suppliers in one place.
Synthium Health has reached over 400 subscribers to date and is actively seeking member relationships with providers, suppliers and funders for its members-only marketplace.
“Help us to make a difference in the healthcare supply chain as we pioneer into the future with this exciting opportunity. For more information, go to http://www.crowdfunder.com/SynthiumHealth and see our progress to date,” says Vijay Reddy.