2nd
June
2016

PartsSource Announces First Online Service Parts Marketplace

AURORA, OHIO — September 25, 2014 – In an unparalleled move within an industry long pressured by hospital consolidation and cost containment, PartsSource — a leader in cloud-based workflow solutions for sourcing medical replacement parts — has launched Healthcare’s first aggregated online parts catalog.  Spanning multiple modalities, 1,000 OEMs and 6,000 trusted secondary suppliers, the company’s exclusive catalog — including more than 2.5 million parts — creates the market’s most comprehensive online source for medical device repair parts.

PartsSource — with its online catalog – is the first to successfully automate the medical industry’s highly complex, labor intensive parts procurement process.  Plagued by manual, back-and-forth, price quotation systems with multiple OEMs/Suppliers that have previously been ignored by traditional healthcare supply chain operations; clinical engineers and technicians can now enjoy real-time, instantaneous pricing, comprehensive OEM and supplier selection, ecommerce ordering and online shipment tracking all from a single parts marketplace.

Designed with feature flexibility for experienced and novice users alike, parts decision-makers can filter searches based on OEM, model or category while viewing photos, exploded illustrations and related parts for increased order accuracy.  Moreover, using the company’s patented technology, users enjoy on-demand custom pricing — including personalized OEM discounts — for all part options including OEM direct, replacement and refurbished parts.  A powerful and streamlined ecommerce tool, PartsSource’s online catalog can afford hospital systems condensed workflow, increased productivity, improved equipment uptime and hard dollar savings of 15-50% in parts spend.

“Billions of dollars are wasted annually in purchasing inefficiencies, equipment downtime, under-utilized human capital and burdensome audit/compliance obligations,” comments Dr. Philip Settimi, President & CEO of PartsSource.  “For years, our customers have been asking for tools to counteract this unnecessary waste.  We couldn’t be more pleased that PartsSource, and our technology-enabled parts procurement solutions, can be the answer to increased hospital productivity, cost management and safety in supply chain operations.”

Adopted and refined in true partnership with some of medical’s most respected leaders and influencers, parts catalog users are reporting greater efficiencies, intuitive ease-of-use, streamlined workflows and the long-awaited convenience of single source procurement.  Most importantly, users point to the ability to integrate current OEM contract pricing within the catalog comparing personalized OEM discount pricing with that of refurbished and replacement part options, while still ensuring that online OEM purchases qualify within the contract structure.

As the heart of PartsSource’s digital parts procurement platform, the online catalog is integrated with CMMS and ERP systems for seamless workflow making it the industry’s most impactful and powerful sourcing tool.   To see the catalog in action, visit partssource.com/catalog.

About PartsSource:

PartsSource is the leader in automating the highly complex procurement workflow for medical repair parts through its suite of secure, cloud-based software and service solutions supporting clinical engineering in any-sized hospital organization.  Operating the healthcare industry’s only online parts procurement marketplace, PartsSource solutions facilitate more than 300,000 parts transactions annually.

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