News & Expert Insights
Find tips and tricks for increased savings with certified pre-owned purchasing, or maximizing returns with strategic disposition.
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...
Maximizing Creditor Returns on Medical Equipment
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 maximizing creditor returns on medical equipment. BidMed has worked...
Cost-Cutting Strategies for Hospitals
2019's high hospital closure rate is an alarming trend for America's healthcare system. Twenty-seven states have seen over 100 of their hospitals close since 2010 and the numbers are not slowing down. Now more than ever it's important to leverage cost-cutting...
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.
US Hospital Closure Rate is 30 per Year — Is Yours Next?
The oldest hospital in California — the only one serving the diverse population of Chinatown — now gone. The local hospital that the community counted on, just closed. In as effort to make up for the loss, the building will be repurposed as a recreation center. A...
How to Request GreenBook Reports
GreenBook fair market value (FMV) reports put the power back in healthcare facilities’ hands. Our extensive pricing database shows what your capital equipment is truly worth, leading to better asset disposition choices. Use GreenBook reports to: Validate OEM trade-in...
The Power of Fair Market Valuations — What is the GreenBook?
The BidMed GreenBook is an extensive proprietary database of secondary market values for modern medical equipment. Similar to the Kelley Blue Book for the automotive industry, it allows BidMed customers to accurately price medical capital assets by reviewing current...
BidMed’s Surplus Management System Simplifies Medical Inventory Management
Simplify your asset management process in one place with our cloud-based Surplus Management System. From this desktop portal, users can view a comprehensive list of all their equipment and easily select when to schedule items for disposition or replacement. A...
Helix’s Inventory Mobile App Makes Creating Inventory a Snap
As the Helix tech suite’s workhorse, the Helix Mobile app for iPhone and iPod Touch gets your inventory processed in record time. Create a comprehensive inventory so you never lose track of equipment again! Whether you let our experts handle an initial bulk setup or...