How Collaborative Consumption could Help Healthcare

cooperation-unicycles-gearsThe current economic model of hyper-consumerism encourages each hospital to spend $300,000 or more on a device that they will only use a small fraction of the time. Collaborative business models, however, can create a new source of supply chain management for the consumption of medical devices, by turning every hospital into a liquid marketplace. A collaborative consumption market would enable Hospital A to monetize the time their medical device is not actively used by their physicians to lend it to Hospital B, which has a need for it as well.

This model is believed to modernize and alleviate excess costs from the hospital supply chain, build more financially sound procurement practices in the healthcare market and speed up the innovation cycles of device manufacturing.

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