The National Academy of Medicine estimates the U.S. healthcare system wastes $765 billion a year in unused pharmaceuticals, medical supplies and devices.

H-Source, a cloud-based platform where member hospitals privately buy and sell products and equipment with each other, is trying to stem that tide, according to an article on the Healthcare Packaging website.

“We allow them to recover costs and reduce what they're spending. Especially at the smaller- and medium-sized hospitals, that reduced spending is extremely important because they're under water. That's been really gratifying and good to see,”  said John Kupice, CEO at H-Source

H-Source now has more than 500 hospitals on the platform, with upward of 1,000 hospitals under contract. The company helps hospitals buy and sell non-controlled pharmaceuticals, medical devices/supplies and even hospital beds and capital equipment like CT scanners.

Read the article.