MedHyve is a digital platform designed to streamline the procurement process for medical supplies, primarily serving hospitals and healthcare providers. Founded in 2017, MedHyve addresses inefficiencies in hospital procurement by connecting buyers directly with verified suppliers, ensuring reliability and cost-effectiveness. The platform offers bulk pricing options and secure payment methods, making it easier and cheaper for hospitals, especially those in provincial areas, to purchase necessary medical supplies. MedHyve operates in the healthcare market, focusing on procurement solutions that leverage artificial intelligence to provide valuable insights to sellers. The business model revolves around facilitating transactions between hospitals and suppliers, earning revenue through transaction fees and possibly subscription services for premium features. MedHyve's core clients include hospitals, medical distributors, and importers, aiming to improve the overall efficiency of medical procurement processes.

Keywords: digital procurement, medical supplies, hospitals, AI-driven insights, bulk pricing, secure payments, healthcare market, verified suppliers, cost-efficiency, transaction fees.