Due to the Covid-19 pandemic, finding storage for excess equipment is on the mind of many healthcare facilities. As the need grows for hospitals to store the excess equipment, more and more vendors will begin to provide storage options for their customers. If you are thinking about storing excess equipment, before looking outside your hospital …
Archives for July 2020
How to Choose the Right Asset Disposition Vendor
When any surplus equipment is no longer needed, the healthcare facility has several options depending on the age and condition of the equipment; re-utilize it at another facility within the healthcare system, sell it, donate it or recycle it. Choosing the right asset disposition vendor to help remove your medical equipment is vital and should be …
Is Your Hospital Prepared to Mitigate a Potential ePHI Data Breach?
In their 2019 study, IBM and the Ponemon Institute found that it costs healthcare organizations an average of $429 for each lost or stolen record—over 104% higher than any other industry. According to the study, the total dollar amount lost from data breaches stems from investigations, lawsuits, regulatory filings, hiring of crisis communication firms, and negative …
Is Your Hospital Prepared to Mitigate a Potential ePHI Data Breach?Read More
Why are Costs to Recycle Medical Equipment Increasing?
Each year, hospitals continue to spend more money than the year before on medical equipment. If costs are so high to replace equipment, why do hospitals have to pay even more to recycle it? Most medical equipment is made up of materials that are difficult to separate like metal, plastic, circuit boards, and glass—so a …
Why are Costs to Recycle Medical Equipment Increasing?Read More
Selling Medical Equipment at Auction vs. Selling Outright
Options for efficiently liquidating excess medical equipment. Periodically managing potentially hundreds of decommissioned hospital assets is no easy feat. To determine whether selling at auction or outright is the best option, knowing your facility’s specific needs will help narrow it down. Who manages the asset disposition process in your hospital? Do you have an internal …
Selling Medical Equipment at Auction vs. Selling OutrightRead More
How Much Medical Equipment Recycled or Donated?
Are medical equipment asset disposition vendors who recycle and donate medical devices able to make a difference in not only the environment’s health, but health around the world? To get an idea of how much equipment hospitals need to operate these days and their rate of turnover: US hospitals spent an estimated $173.1 billion on …