COVID-19 exposed a highly vulnerable medical supply chain de-stabilized by the complete lack of visibility and access to available supply. To address these systemic issues, Health Products Xchange (HPX), Glen Allen, Va., announces the launch of enables a digital marketplace, allowing hospitals, distributors, manufacturers, and brokers to share real-time visibility and access to critical medical supplies. Through the platform, a national network of trading partners share medical product supply and demand data to easily trade (buy, sell, share, and donate) through a secure platform designed exclusively for healthcare’s unique safety requirements. 

HPX says is a gamechanger for the healthcare supply chain, and that for providers simply looking to mitigate supply chain risk, participating in the HPX safety net is an obvious strategy. However, many providers point to normalizing inventory as a vital need.

HPX CEO, E.V. Clarke, says, “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. Through, 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.”

For more information, visit Health Products Xchange.