Philip Settimi doesn’t run a hospital, but he thinks like someone who does. As CEO of PartsSource, a healthcare technology company serving over 5,000 hospitals across the US, Settimi brings a supply chain mindset to one of the most overlooked drivers of clinical performance: asset uptime.
“We're improving the clinical availability of mission critical assets around US healthcare every day,” Settimi said during a recent interview. He noted that the company “started as an e-commerce and distribution platform for parts” but that mission has since evolved.
Since joining PartsSource in 2014—after leading roles at GE Healthcare IT, Hospira, and Hill-Rom—Settimi has transformed the company from a parts supplier into a digital health infrastructure provider. Under his leadership, the company launched a single enterprise platform that consolidates vendor management, service coordination, and performance benchmarking across systems. Health systems like Kaiser Permanente, Mayo Clinic, and Providence are now enterprise clients using PartsSource Pro, which Settimi says brings cost, quality, and productivity improvements at scale.
His strategy is to digitize and simplify the complex vendor environment in hospitals. “An average hospital is managing 150 service contracts. 75% percent of those are relatively low dollar and long tail... offline and analog,” Settimi explained. Hospitals, he noted, are left tracking down field service reports manually and often lack performance metrics on vendors.
To address this, PartsSource has built decision-support tools that sit on top of over “three billion data points” collected over two decades. These tools help hospitals select vendors, monitor performance, and optimize supply chain preferences through formulary management, akin to the way pharmacy benefit managers operate.
“Every transaction is tracked from a performance perspective,” he said, allowing clients to benchmark against national peers.
Settimi’s long-term vision draws on his operational experience across industries. At GE and Hospira, he worked on device/software integration and medical supply chains. At PartsSource, he’s applying that knowledge to HTM (healthcare technology management), a field he believes is key to fixing healthcare’s broader cost and efficiency problem. “We believe HTM has a key role in that mission, not just at the table but leading the way,” he highlighted.
For Settimi, the operating room starts with operations. And he’s betting that better data and smarter supply chains are what will keep healthcare "always on."
