Biotricity Expands U.S. Hospital Reach Through Major GPO Partnership

Biotricity Inc., a prominent Technology-as-a-Service (TaaS) company in the medical diagnostic and consumer healthcare field, has announced its partnership with a leading Group Purchasing Organization (GPO), marking its third such collaboration. This partnership enables Biotricity to access the purchasing needs of nearly 90% of U.S. hospitals, leveraging GPOs' $264 billion purchasing power. The move is set to solidify Biotricity's standing in the healthcare technology sector, promising significant growth through expanded market channels.

Waqaas Al-Siddiq, Biotricity's CEO, expressed optimism about the partnership enhancing the company's market visibility and accessibility for its remote cardiac monitoring solutions, anticipating notable growth. This strategic move comes at a time when U.S. healthcare spending has reached $4.5 trillion, with an increasing demand for cost-effective purchasing solutions. GPOs are crucial in streamlining these processes, saving the industry up to $55 billion annually.

Biotricity’s recent partnership strategically positions the company for increased market access and potential growth by aligning with the needs for high-quality, accessible care. The company's affiliation covering 90% of U.S. hospitals represents a significant achievement in its growth strategy, promising enhanced patient outcomes and healthcare delivery.