Mar 15, 2023 | Expert Insights
Capital inventory accuracy is important for more reasons than just effective patient care. An inaccurate inventory list can leave your hospital open to audit complications. It also creates failures in operational efficiency and future equipment planning. Plus, removed...
Mar 8, 2023 | Expert Insights
Keeping hospital operating costs down can be a struggle. According to Becker’s CFO Report, hospitals’ medical equipment lifecycle (MELC) costs average $93 billion a year. Of these costs, up to 16% are lost due to inaccurate information and lack of resources. One...
Mar 6, 2023 | Expert Insights
For years, hospitals and other medical facilities have shied away from secondary market savings. And it made sense — how do you find quality used medical equipment that you know actually works and meets patient care standards? But “used” doesn’t have to be a...
Mar 2, 2023 | Expert Insights
Do you know your options for your hospital to improve financial budgets when disposing of retired assets? You may have more choices than you think. BidMed’s disposition workflow ensures the best outcome for your capital budget. Our customers often returning thousands...
Feb 27, 2023 | Expert Insights
Buying and selling used medical equipment can significantly improve hospitals’ capital planning budgets. To do it well requires understanding fair market value for assets. But what exactly does that mean and why is it important? What is Fair Market Value (FMV)?...
Feb 23, 2023 | BidMed Technology, Expert Insights
Using a digital platform, especially an inventory processing mobile app, for hospital equipment management has a lot of advantages. The first is obvious: maintain your facility’s equipment ledger on a single platform, empowering teams to edit, add, and share as...
