Equipment-sharing platform could save hospitals millions

Equipment-sharing could save hospitals millions, according to Fortune. Equipment rentals are a major financial burden, as rental companies often charge close to the reimbursement total, but buying the equipment is often not cost-effective either, as hospitals typically do not use it enough to justify the cost. "It kind of creates the perfect storm of inefficiency," Mark Slaughter, founder of Cohealo, a Boston-based startup that has created a platform for hospitals to share equipment, told Fortune. "The hospitals buy things; they don't use it enough; and then the manufacturers make the next version, and they can't afford it." Cohealo's goal, he told Fortune, is to increase medical equipment usage to up to 80 percent, and company analysis indicates hospitals could save as much as $7 million through sharing. Article

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