GPO HEALTH successfully completed its seed round funding before the end of December, just six weeks after launching. “Knowing that most start-ups take three to six months to complete their seed round of funding, I am excited and proud of completing this round in such a short amount of time. We were oversubscribed by 300% – the interest was mammoth, it further underscores the value of the GPO HEALTH platform and the leadership team” said Jeffrey Heenan-Jalil, Founder and CEO of GPO HEALTH.
Founded in 2020 by industry professionals with over 90 years of combined experience, GPO HEALTH is poised to disrupt the trillion-dollar Healthcare IT Services industry utilizing AI-ML platform to deliver a Price and Quality Comparison Marketplace and offer favorable discounts through our IT Services GPO.
“I’m excited to invest in GPO HEALTH. It’s a win for all three stakeholders. Customers will get economies of scale, negotiated contracts and streamlined purchasing. Vendors get access to a larger group of clients, significantly lowering their cost of sales. Consumers get more efficient healthcare systems – lowering the overall cost and allowing resources to be used to improve care. The organization is led by smart, well-connected healthcare leaders who understand the industry and the needs of their healthcare clients,” said Larry Bridge, a strategic investor in the organization.
GPO HEALTH has built a near-real-time* (NRT) sourcing Data transparency Platform focused on reducing IT services healthcare costs. To prove the technology capability and business feasibility we focused on the Healthcare IT services sector, a multi-billion-dollar market where excessive complexity has been built into the process of defining and delivering IT services. This is the first NRT platform that breaks down the complexity and can be applied to all Industry sectors.
Where traditional procurement analysis and reviews take weeks, even months, to negotiate and deliver, and often produce outdated and incomplete results, GPO HEALTH has created the Single Source of Truth across: Accounts Payable, IT Procurement, contract management, where our AI-ML algorithms provide immediate, continuous, NRT transparency of this data to enable clients to lower IT services costs. The impact, improving quality and increasing efficiency through continuous competitive benchmarking, access to alternative vendors, shared rebate discounts and new procurement optimization insights.
The results, accelerating time to savings and value; for our clients, partners and channel partners, we enable savings of hundreds of millions of dollars for the industry.
*delayed by minutes
Founded in 2020 by industry professionals with over 90 years of combined experience, GPO Health is poised to disrupt the trillion-dollar Healthcare IT Services industry utilizing our AI-ML platform to transform Procurement and Supply Chain Management, provide Near-Real-Time Insights into Sourcing Healthcare IT Services Spend and offer favorable discounts through our IT Services Group Purchasing Organization. GPO Health will accelerate industry change and release savings to support clients improve the lives of the people they serve.
For Information on CEO Jeffrey Heenan-Jalil and the GPO HEALTH team, click here.