Jul 16, 2020 | BidMed Technology
The most common pitfall of hospital networks’ inventory management systems is a breakdown during asset lifecycle workflows. Whether that’s failure to add complete details for new acquisitions, or to communicate dispositions across all departments, disjointed records...
Jul 2, 2020 | BidMed Technology, Expert Insights
One of the biggest failures we see in maintaining accurate asset inventory is a breakdown in communication between departments. Many hospitals or health systems have a biomed record and a separate financial ledger — these records frequently don’t match, nor do they...
Jun 18, 2020 | Expert Insights
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...
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...
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....
