News & Expert Insights
Find tips and tricks for increased savings with certified pre-owned purchasing, or maximizing returns with strategic disposition.
3 Reasons Banks and Lenders Should Use BidMed
Nine of the 11 hospitals that closed in the first half of 2019 cited bankruptcy and financial challenges, leaving bankers’ and lenders’ hands full. Asset disposition has become a crucial step in regaining foreclosure costs. BidMed has worked with many financial...
Comprehensive Project Management for Medical Facility Liquidations
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...
Making the Most of Medical Equipment with BidMed’s Asset Transfer Tech Solution
The healthcare industry wastes about $700 billion in expenses every year, according to a 2009 Thomson Reuters report. And with nearly 20% of US hospitals in danger of closing due to financial concerns, finding cost-cutting solutions has become crucial. What most...
Do you struggle with an inconsistent medical inventory?
How confident are you in your inventory’s accuracy? Lost or inaccurate medical inventory can lead to significant financial losses for a number of reasons: • higher expenditures due to asset underutilization • equipment in storage that could be sold or...
Return More Value with BidMed’s Asset Disposition Workflow
Do you know your options 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, often returning thousands to the bottom line. This process also ensures equipment finds...
3 Ways To Combat 2019’s High Hospital Closure Rate
Twenty-seven states have seen over 100 of their hospitals close since 2010 and the numbers are not slowing down. According to a recent study by management consultancy firm Navigant, 1 in 5 rural hospitals is at high risk of closing due to financial issues. Another...
Find Secondary Market Medical Equipment on Demand with BidMed’s Catalog
Hospitals and healthcare facilities can optimize their capital equipment planning process with the secondary market — obtaining more wish list items within tight budgets. While the Public Exchange is an ideal source for savings on quality secondary market medical...
What Makes the BidMed Exchange Different?
Whether you’re selling assets or looking to save on purchases, the BidMed Exchange will help maximize your bottom line. BidMed is the only asset disposition company to develop our own in-house, custom-built auction software to connect buyers and sellers, allowing us...
Breaking the Auction and Removal Record for Walnut Hill
Private Dallas medical center Walnut Hill closed abruptly on June 2, 2017, three years after opening its doors. A trustee was assigned to oversee the closure and hired BidMed with a three-week deadline. In 23 days, BidMed organized the sale and removal of over 90% of the facility’s equipment and supplies. They exceeded the total estimates given to their clients by $3 million.
