News & Expert Insights

Find tips and tricks for increased savings with certified pre-owned purchasing, or maximizing returns with strategic disposition.
What Does an Ideal Disposition Workflow Look Like?

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 workflow? We looked recently at how inventory records fall apart due to disjointed disposition workflows. So let’s look at how to actually stay on track and end...

4 Dangers of an Inaccurate Inventory

4 Dangers of an Inaccurate Inventory

Capital asset inventory accuracy is important for more reasons than just effective patient care. An inaccurate ledger can leave your hospital open to audit complications. It can create failures in operational efficiency and future equipment planning. And removed...

Why is Capital Inventory So Hard to Keep Accurate?

Why is Capital Inventory So Hard to Keep Accurate?

Many medical systems used decentralized methods to track requests and approvals. But these systems are riddled with cracks where the entire process can fall right through. Some hospitals still use paper forms, which are easily lost in stacks of paperwork. Other...

Break the Never-Ending Cycle of Inventory (re)Processing

Break the Never-Ending Cycle of Inventory (re)Processing

How many times have you completed an inventory assessment? Some of our clients have done dozens, and they just don't stick. Why is that? The short answer? Ongoing process compliance. A lot of medical systems use outdated, often paper-driven purchasing and disposition...

Why It’s So Important to Understand Fair Market Values

Why It’s So Important to Understand Fair Market Values

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...

3 Reasons Why Having An Accurate Inventory Is So Important

3 Reasons Why Having An Accurate Inventory Is So Important

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...

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