is an online purchasing site designed to automate the group purchasing organization (GPO) process.
An online GPO is designed to help health care providers, such as hospitals, physician practices and outpatient centers, create savings and efficiencies by streamlining the process of negotiating discounts with manufacturers, distributors and other brokers.
Reversitas leverages the negotiating power of buyers who submit requests for purchase (RFPs) for medical equipment and IT solutions. The RFPs are distributed to multiple vendors that offer equipment/software matching the RFP specifications. The vendors who provide equipment/software that matches the RFP criteria are invited to participate in a reverse auction, where vendors make offers until the buyer accepts an offer.
Buy it Now is another option for purchasing equipment/software. A Buyer may go directly to Products and purchase the product directly by selecting Buy it Now.
Whereas traditional GPOs can save hospitals, physician practices and outpatient centers up to 10% on purchasing costs, with Reversitas, the reverse auction drives down the purchasing costs by at least 15% or more. Unlike a traditional GPO, with Reversitas vendors benefit from a significantly shorter selling cycle and are able to directly negotiate with buyers.
Reversitas charges a standard administrative fee to buyers only on savings greater than 15%. Reversitas collects a standard administrative fee of all sales volumes from the vendors that successfully complete an auction with the buyer.
Reversitas charges vendors a flat rate of 3% on the final sale price and only if a product is sold.