News & Expert Insights
Find tips and tricks for increased savings with certified pre-owned purchasing, or maximizing returns with strategic disposition.
Behind the Scenes of BidMed’s Public Exchange
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....
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 dirty...
What is your 2020 capital asset management strategy?
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 needed to...
The Power of the Secondary Market — Buy and Sell Used Medical Equipment
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...
Beginner’s Guide: Sealed-Bid vs Timed Auctions
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...
3 Reasons Banks and Creditors Should Use BidMed
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...
Comprehensive Project Management for Medical Facility Liquidations
Liquidation projects can become complicated quickly. BidMed’s expertise and comprehensive service help take the headache out of the process. With decades of combined experience, combined with our proprietary Helix tech suite, BidMed provides unparalleled project...
Making the Most of Medical Equipment Helix Transfers
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 transferred to...
Return More Value with Workflow+ Asset Disposition
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...