November 9, 2020 – Health Products Xchange (HPX) announced the launch of HPXConnect.com, a digital marketplace, allowing hospitals, distributors, manufacturers, and brokers to share real-time visibility and access to critical medical supplies.
Through the platform, a national network of trading partners share medical product supply and demand data to easily trade (buy, sell, share, and donate) through a secure platform designed exclusively for healthcare’s unique safety requirements.
“The crisis shifted the industry from ‘just-in-time’ to ‘just-in-case’ inventory tying up millions in working capital, that with no credible outlet, will create massive write-offs of salable inventory, never getting to those with critical demand. Through HPXconnect.com, trading partners can easily and efficiently trade surplus. Whether the product is sold to recover investment or donated, every product consumed is another patient treated and a financial loss that didn’t occur,” said E.V. Clarke, CEO of HPX.
HPXconnect.com says its core values are safety and reliability and that a rigorous seller accreditation process mandates that supply sources meet stringent business requirements.
Products are validated against the FDA Medical Device database for accurate representation, registration, and recall status before being traded.
HPX’s Buyer Assurance program protects buyers by holding payment until the product is received by the buyer as represented. Additionally, the company says that participants access low-cost shipping through a highly reliable supply chain through HPX’s dedicated relationship with FedEx.