Apr 6, 2023 | BidMed Technology, Expert Insights
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, cost-cutting solutions have become crucial. Leveraging internal...
Mar 30, 2023 | BidMed Technology, Expert Insights
One common failure we see for maintaining accurate inventory is a breakdown in how teams at your hospital communicate between departments. Many health systems have separate biomed and financial ledgers. These records frequently don’t match, nor have common unique IDs...
Mar 13, 2023 | BidMed Technology
The most common pitfall of hospital networks’ inventory management systems is a breakdown during asset lifecycle workflows. But with the right inventory accuracy software, these pitfalls can become a thing of the past. One common pitfall is failure to add complete...
Mar 2, 2023 | Expert Insights
Do you know your options for your hospital to improve financial budgets 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. Our customers often returning thousands...
Feb 27, 2023 | Expert Insights
Buying and selling used medical equipment can significantly improve hospitals’ capital planning budgets. To do it well requires understanding fair market value for assets. But what exactly does that mean and why is it important? What is Fair Market Value (FMV)?...
