BidMed is Partnering with MD Buyline
To bring you even more savings, BidMed’s partnership with MD Buyline (a TractManager solution) will provide unparalleled data across both new and used equipment, as well as trade-in validations.
About the Partnership
BidMed and TractManager (parent company to MD Buyline) have developed a partnership that helps hospitals enhance asset utilization and reduce capital budget expenses. This partnership brings greater savings to our shared customers in three ways:
Integrated software solutions help manage inventory and optimize capital replacement planning.
Unparalleled pricing data for new and used equipment ensures hospitals get the best prices for capital purchases.
Access to a broad network of hospitals, optimizing marketplace access for both acquisitions and dispositions.
BidMed’s secondary market solutions, paired with TractManager’s OEM pricing comparisons, provide powerful data analysis. We help you compare real market values on new equipment, trade-in offers, and secondary market equipment. Effective use of secondary market solutions can provide returns of 3-6% to a facility’s capital budget.
TractManager’s healthcare-specific application suite serves three out of five U.S. hospitals. Serving the healthcare industry with integrity for more than 30 years, TractManager is the first-mover in strategic sourcing and enterprise contract lifecycle management. Our advisory services wrap around each solution component, optimizing purchasing and service category management while supporting best-practice contracting processes.
The company’s strategic sourcing division, MD Buyline, includes Hayes, the industry leader in providing clinically focused, evidence-based research and analysis to health plans, insurers, hospitals, healthcare systems, ACOs and government agencies, and MedApproved, a new product approval workflow solution.
The MediTract division supports hospitals and healthcare facilities with an enterprise contract lifecycle solution and includes Newport Credentialing Solutions.
TractManager’s more than 450 highly skilled and experienced professionals, operating out of eight offices across the country, help clients to improve cash flows by reducing their capital and non-labor costs and to conform their contract, policy, and procedure management to meet regulatory requirements.
Our Payer clients represent approximately 200M covered lives in the United States, and 14 of U.S. News’ 18 “Best Hospitals 2017–18” use TractManager solutions.
BidMed is a leader in the healthcare asset disposition industry, specializing in buying and selling pre-owned medical equipment. Powered by innovative technology and proprietary data, BidMed’s services include medical asset valuations, inventory reconciliations, and liquidations.
BidMed liquidates U.S. and Canadian healthcare facilities due to relocations, expansions, and closures, providing complete on-site project management to ensure clients recover the highest value for all medical assets. With over 70 years’ combined experience in the asset disposition industry, BidMed utilizes a proprietary pricing database tool, custom web-based inventory system, auction platform, and supporting mobile app, enabling assets to accurately be inventoried, reconciled, and sold with efficiency and ease.
BidMed recently formed a partnership with MD Buyline, to provide healthcare facilities with even more powerful analysis than before—comparing real market values on new equipment, trade-ins, and secondary market equipment. MD Buyline is contracted with 3,300 hospitals and health systems, amplifying the effectiveness of BidMed’s equipment network and online marketplace.
BidMed is headquartered in Chicago, IL, and has worked with over 350 clients, including hospitals, surgery centers, transition/equipment planning companies, financial lending institutions, and equipment manufacturers.
Request a tech demo and let us know you’re specifically interested in savings for both new and used medical equipment.