On Monday, a new online tool called Mezdo, which currently connects users at healthcare organizations with a wider array of qualified vendors, was released to improve the healthcare supply chain and enhance performance and efficiency for both buyers and sellers.
Created by Vendormate so that healthcare buyers can quickly research and find the best vendors, Medzo is a new sophisticated online service that delivers a deep pool of credentialed suppliers. The tool creates an opportunity for companies that sell goods and services to the healthcare industry to open new markets and expand relationships with existing customers.
With a network that already consists of 70,000 credentialed vendors, 48,000 healthcare users, 600,000 supply chain relationships and two million visit events per year, Vendormate is uniquely positioned in the healthcare supply chain. For everything from janitorial supplies and catering services to emergency room equipment and IT services, these vendors and healthcare users can connect like never before.
“What is needed is a new model that drives relationships across a greater range of products and services, without levying unnecessary transaction charges for merely bringing buyers and sellers together," said Chris Luoma, vice president of Business Development at Vendormate.
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In reaction to the new realities facing hospitals under the Affordable Care Act, Healthcare providers are targeting cost reductions of 20 percent. At the same time, medical suppliers report sales and administrative costs of 33 percent on average – significantly higher than other industries.
While improving the quality of the product that reaches patients, Medzo is a tool that will reduce costs and save time, as well as improve efficiency and help both healthcare providers and vendors.
Medzo is being released by Vendormate, an Atlanta, GA company that has built a solid reputation handling the critical task of credentialing vendors that do business with healthcare facilities.
Edited by
Braden Becker
