The rising cost and inaccessibility of healthcare for millions of Americans is one of the most critical issues facing our nation today. The United States healthcare system is among the largest economies in the world. For every American, any form of medical treatment - from doctor’s visits, to prescriptions, to scans- is outlandishly expensive. This is driven in part because healthcare supplies are too expensive for providers.
Large hospitals spend between $3-20 Million per hospital on medical supplies each year. Put those numbers on a national scale and that equates to over $230+ Billion in medical supply spending across the United States each year for hospitals alone. The COVID-19 pandemic caused one of the largest demand increases for Personal Protection Equipment (PPE) and other medical supplies in history, it also highlighted the existing inefficiencies in the medical supply market.