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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.

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

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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