By Victoria Stern

San Diego—Purchasing medical supplies is a costly proposition for hospitals.

Health care providers in the United States spend approximately $30 billion on medical equipment each year, according to Tom Derrick, a co-founder of OpenMarkets, the online forum where providers and suppliers can buy and sell health care equipment, as well as research costs.


At the 2019 OR Business Management Conference, Mr. Derrick explained that this purchasing process is riddled with