News & Expert Insights
Find tips and tricks for increased savings with certified pre-owned purchasing, or maximizing returns with strategic disposition.
4 Dangers of an Inaccurate Inventory List
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...
All-In-One Inventory Accuracy Software Suite
The most common pitfall of hospital networks’ inventory management systems is a breakdown during asset lifecycle workflows. But with the right inventory accuracy software, these pitfalls can become a thing of the past. One common pitfall is failure to add complete...
3 Reasons Having Accurate Medical Inventory Is So Important
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...
How to Buy Quality Used Medical Equipment
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...
Improve Hospital Financial Budgets with Asset Disposition
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...
Why Fair Market Value is Important for Capital Planning
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)?...
Why Is BidMed’s Inventory Processing Mobile App So Powerful?
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...
What does an ideal disposition workflow look like?
Every hospital has a process for removing assets from service. But the question is — how EFFICIENT is that disposition workflow?
Break the Cycle of Inventory (re)Processing with Improved Disposition Process Compliance
How many times have you completed an inventory assessment? Some of our clients have done dozens, and they just don’t stick — but why? The short answer is: ongoing disposition process compliance. Or rather, a lack of compliance. A lot of medical systems use...
Complete Hospital Liquidation Project Management
Hospital liquidations can become complicated quickly. But BidMed’s expertise and comprehensive services take the headache out of the liquidation project management process. With decades of combined experience in the industry, along with our custom Helix tech suite,...