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hystrix

A cost efficient, transparent and affordable digital procurement marketplace that allows MedTech industry and Hospitals to accelerate everyday processes

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 hystrix project word cloud

Explore the words cloud of the hystrix project. It provides you a very rough idea of what is the project "hystrix" about.

performance    financial    substantial    approval    tactics    players    redeploy    reducing    expenditure    drastically    months    alone    uk    fte    everyday    requiring    minutes    savings    medical    solutions    chf1    outcome    pure    delays    efficiencies    duplicated    france    pressure    market    prices    contracting    switzerland    transparency    germany    extends    provides    founded    regardless    stakeholders    additive    relative    chf365m    across    smart    demand    significantly    introduction    total    accelerate    first    mission    landscape    foreseen    matters    spain    public    realise    opportunity    adjustment    tendering    hospital    52bn    324m    283    alike    globe    providers    patient    complicated    technologies    sales    hospitals    channels    price    automated    transact    2017    swiss    suppliers    august    health    driving    time    really    offers    hcps    suboptimal    healthcare    unprecedented    accelerated    sophisticated    ag    50    counterparties    italy    becomes    markets    medtech    commodity    marketplace    procurement    turn    digital    hystrix    repetitive   

Project "hystrix" data sheet

The following table provides information about the project.

Coordinator		 HYSTRIX MEDICAL AG 

Organization address
address: BAHNHOFSTRASSE 47
city: LANGENTHAL
postcode: 4900
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Switzerland [CH]
 Project website https://www.hystrixmedical.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2019-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    HYSTRIX MEDICAL AG CH (LANGENTHAL) coordinator 50˙000.00

Map

 Project objective

Across Europe and the globe, there is unprecedented financial pressure on healthcare players and providers, which, in turn, makes the European MedTech landscape increasingly challenging. As public procurement becomes more sophisticated, price transparency is growing, and demand for integrated solutions is driving changes in product offers, requiring new sales channels and tactics. The procurement of medical products, equipment and technologies in the health system is complicated by suboptimal, duplicated or repetitive processes which increase costs and delays for all stakeholders. hystrix medical AG was founded in August 2017 and their mission is to drastically accelerate everyday processes in the healthcare sector and to realise substantial efficiencies for healthcare providers and MedTech suppliers alike, so that they can focus on what really matters, patient outcome. The hystrix medical marketplace is the first digital marketplace for medical products in Switzerland and Europe that extends beyond pure tendering support to provide Healthcare providers (HCPs) and MedTech suppliers with an accelerated procurement experience, access to transact at market prices, smart contracting between counterparties, automated approval processing, and the opportunity to significantly redeploy FTE time and cost to more value additive tasks. The hystrix marketplace provides top performance while reducing the procurement process from months to minutes and reducing costs by 40 to 50% on commodity product procurement. The estimated savings in the Swiss hospital sector alone from the introduction the hystrix marketplace is €324m (CHF365M i.e. CHF1.3 M per hospital on average across the 283 hospitals). The time and relative cost savings estimated for Switzerland are foreseen within the EU market regardless of the relative price adjustment. The total expenditure on commodity MedTech products in Europe’s key markets (UK, Germany, France, Spain, Italy, etc.) was estimated to be €52bn

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The information about "HYSTRIX" are provided by the European Opendata Portal: CORDIS opendata.

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