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.

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