Friday, April 13, 2012

Transparency in the Medical Supply Industry


The reason some may be confused by the title is part of the problem. There is very little transparency in the current market. Very few of the items that have been used in procedures on you, by you or at your hospital are actually manufactured by the company with its logos all over the packaging. Many of the big easy to recognize brands if they even manufacture at all only manufacture a very small portion of their product line up.

If they don't make it who does? Great question! Most items are manufactured by small medical OEM's that make products at a relatively low cost. By the time it hits the storeroom shelf at your hospital it has traded hands a few times. It has been shipped and distributed multiple times all the while increasing the price. Some companies are more efficient than others but the bottom line is there is a lot of steps and overhead involved in getting that product to the point of use that unnecessarily inflate the price.


What does lack of transparency and the fact that there is a complicated hidden supply chain have to do with each other much less Dominions Medical? Well, we aim to add that transparency to your supply chain to show you who you are getting the product from. We will highlight those small independent OEM's and show you exactly what you are getting and who you are getting it from when you buy from Dominions. Most often we are showing you the exact same product that is marketed by a much larger brand name that sells them at an incredible mark up with an inefficient process.

If you are being so transparent why should we buy from Dominions rather than buy direct? We exist to help add clarity to your supply chain and reduce your supply spend. We help you get the benefit of essentially buying direct from these OEM's who, while they are great at manufacturing top notch products are not great at getting their product directly to the client. Using our experience and relationships, we help these OEM's get their product into hospitals and into caregiver’s hands more efficiently and at a lower price.

The Bottom Line: Dominions is doing the work to find these OEM's. We help them get their products out there to you, to save you money and increase their direct sales in the process. Our unique network and skill set allows us to efficiently bring these products to the forefront and increase their visibility in the market. This fosters the growth of small medical OEM's as well as the reducing hospital supply spend.

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