Most hospitals overpay for the supplies and devices they use daily.
Medical device and supply pricing is by design, complicated. The introduction of pricing tenets such as rebates, bonuses, complex tier structures and quotes laced with non-disclosure language prevents most hospitals from establishing or monitoring prevailing market prices. Adding to the mystery, medical device market analytics show that price variations cannot be justified by normal market factors such as volume, economies of scale, commitment level or group purchasing organization membership. VeritasAdvantage is committed to ending the madness.