Hospiformance is a group procurement company that has been built upon the Group’s old Comedis/IHP model, in that it offers group procurement solutions and account administration services to independent private hospitals and clinics. The core focus here is to improve and maximise profit margins in hospital pharmacies. The purchasing initiatives of Hospiformance assist independent private hospitals to combine their purchasing volumes, thereby enabling them to be competitive with the hospital groups in the country.
The Company has secured procurement contracts with just about all surgical branded as well as genric pharmaceutical suppliers in the country. The company will soon expand its purchasing solutions to cover wider areas that cover all significant spending in the hospital enviroment. Current procurement volumes are around R600 million per annum comprising of pharmaceuticals and surgical consumables at this stage.