V.HSI -H-Source’s revenues rise as hospital margins fall Amid rising health care costs and continually decreasing hospital profit margins, Spokane health care technology company H-Source Holdings Ltd. is positioned to grow rapidly, the company’s co-founders say.
Through its H-Source Inc. subsidiary, the company offers an online transaction platform that enables hospitals to buy and sell surplus supplies to one another.
“Last year, H-Source had an estimated $1 million in revenues, and this year, we expect to double or potentially triple that amount,” says company CEO John Kupice says. “As of right now we’re not yet considered profitable, but by the end of this year we expect to reach the break-even point.”
Kupice says over the last two quarters, H-Source has seen an increase in revenues of nearly 39 percent, moving from $224,000 in the fourth quarter of 2017, to $294,000 for the first quarter of this year.