PartsSource

PartsSource

Procurement platform for medical equipment maintenance

Overview

PartsSource provides supply chain solutions for healthcare facilities, focusing on medical equipment maintenance and repair. It connects hospitals and clinics to a network of over 5,000 pre-qualified service technicians through its PartsSource Pro platform. The platform streamlines procurement, reduces invoicing complexity, and ensures timely access to imaging equipment. Revenue comes from subscription services and transaction fees for parts and services. The company uses data-driven insights to optimize uptime and cut costs. Compared with competitors, PartsSource differentiates itself with a large, vetted service network and an end-to-end platform that handles sourcing, purchasing, and invoicing, all aimed at improving equipment uptime and service quality. Its goal is to help healthcare providers maximize equipment uptime, improve quality, and reduce operational costs.

About PartsSource

Simplify's Rating
Why PartsSource is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

501-1,000

Company Stage

Acquired

Total Funding

N/A

Headquarters

Aurora, Illinois

Founded

2001

Simplify Jobs

Simplify's Take

What believers are saying

  • WakeMed reported $7.02 million cumulative net savings through PartsSource PRO.
  • The platform serves over 5,000 hospitals and 15,000 clinical sites.
  • Training partnerships address the biomedical technician shortage and expand adjacent revenue.

What critics are saying

  • OEM service ecosystems from GE HealthCare, Siemens, and Philips compress differentiation.
  • Predictive maintenance features are commoditizing across EHR, CMMS, and OEM platforms.
  • Integration failures or cybersecurity incidents would damage renewals and enterprise trust.

What makes PartsSource unique

  • PartsSource unifies parts, service, and talent in one healthcare platform.
  • Its evidence-based procurement uses longitudinal data and vendor benchmarks for decisions.
  • Asset Uptime adds AI-driven, multi-vendor visibility across 255,000 clinical assets.

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Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Hybrid Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-9%

1 year growth

-9%

2 year growth

-9%
ICE Service Community
Sep 3rd, 2025
Grant Smith Joins PartsSource

Grant Smith joins PartsSource.

The Victoria Advocate
May 28th, 2025
PartsSource Opens New Customer Experience Center to Help Healthcare Providers Increase Mission-Critical Asset Availability and Improve Equipment Service

To learn more about the future of asset management and the latest technology and expanded capabilities across parts, service, and talent, HTM professionals can visit PartsSource at the upcoming AAMI eXchange 2025 in New Orleans, Louisiana.

ICE Service Community
Feb 25th, 2025
Brad Bennett Joins PartsSource

Bennett joins PartsSource after 8 years with Crothall Healthcare.

The Manila Times
Oct 8th, 2024
PartsSource Relocates Ohio Headquarters with Assistance from JLL

PartsSource relocates Ohio headquarters with assistance from JLL.

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