Mar 31, 2020 | BidMed Technology, Expert Insights
Using a digital platform for inventory processing and management comes with a lot of advantages. The first is obvious: your facility’s equipment ledger can be maintained on a single platform, edited, added to, and shared as needed. A digital inventory is also...
Mar 10, 2020 | Expert Insights
Buying and selling used medical equipment to improve capital budgets requires understanding fair market values for assets. But what exactly does that mean and why is it important? What is FMV? Fair market value (FMV) represents how much an item is worth on the market...
Feb 18, 2020 | Expert Insights
Keeping 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% will be lost due to inaccurate information and lack of resources. One common weak point is...
Jan 28, 2020 | BidMed Technology, Expert Insights
Medical and healthcare equipment has an average utilization rate of 42%, causing an overall revenue loss in the billions for facilities across the country. High costs, combined with the loss of revenue, can easily contribute to facilities’ financial risk and closure....
Jan 7, 2020 | 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...
Dec 17, 2019 | Recent News
We’ve made some big changes to our website, with newly updated asset management services. These are the same great tools we’ve provided all along, just wrapped up in tidy new packages! As always, our services are tailored for each customer and combined as...
Nov 26, 2019 | BidMed Technology, Expert Insights
Hospitals and other medical facilities can stretch capital spending further by leveraging the secondary market. Whether you’re looking to buy used medical equipment sell retired assets,BidMed’s family of online auction tools can help maximize capital budgets. Buy...
Nov 12, 2019 | BidMed Technology, Expert Insights
Auctions can be overwhelming for new buyers, and many people miss out on incredible savings due to a perceived complexity of the process. At BidMed, our goal is optimized customer service and satisfaction. Here we’ll walk you through the two common types of auctions...
Oct 29, 2019 | Expert Insights
Nine of the 11 hospitals that closed in the first half of 2019 cited bankruptcy and financial challenges, leaving bankers’ and creditors’ hands full. Asset disposition has become a crucial step in regaining closure costs. BidMed has worked with many financial lending...
Oct 15, 2019 | Expert Insights
Hospital liquidation projects can become complicated quickly with a lot of moving parts, specialized requirements, and hidden hurdles. But using decades of combined experience, along with a custom Tech Suite, BidMed provides unparalleled project management. With...
