BroadJump is a healthcare sourcing partner and trusted advisor aiming to revolutionize the current best practices of sourcing in hospitals and health systems. The company identified the inefficiencies and lack of pricing transparency in the healthcare supply chain, leading to overpayment for supplies and medical devices. Their frustration with the absence of robust data analytics in this area prompted the development of automated sourcing tools to empower decision makers.
Founded in 2012 and headquartered in the United States, BroadJump has assembled the industry's largest repository of healthcare purchasing data. This enables hospitals and healthcare organizations to reduce months-long supply chain processes to mere minutes, ultimately improving sourcing efficiency. Their goal is to provide solutions that not only help providers manage costs and gauge their pricing against the market but also positively impact labor productivity.
With a focus on analytics, health care, and supply chain industries, BroadJump is well-positioned to address the pressing need for efficient sourcing solutions in the healthcare sector. While the details of their last investment and investors are currently unavailable, the company's innovative approach and potential to transform healthcare sourcing make it a compelling prospect for venture capitalists seeking opportunities in the industry.
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