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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.

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

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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