Don’t Get Too Comfortable With Old Prices

Being comfortable isn't always a good thing, especially when it comes to the price of medical equipment. The market for medical equipment is dynamic and constantly changing, and so are supplier pricing strategies and pot ...

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Don’t Keep Your Success a Secret

Sharing cost saving success stories with your colleagues is an often overlooked way to support your hospitals’ savings goals and is valuable for two reasons.  First, communicating the success of others is an easy way to ...

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Avoid a Disaster: Manage PHI Risk

Guessing about PHI (Patient Health Information) removal could cost your hospital millions in potential fines. A breach involving the release of protected health information can also damage a hospital's reputation. Guessi ...

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Avoid Training Cost Surprises

When budgeting for the purchase of new medical equipment, does your hospital anticipate all of the costs required to properly train hospital staff to operate and manage equipment? Training end-users, getting IT personnel ...

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Don’t Let Trade-Ins Cost You Money

Trade-ins can be one of the most expensive decisions hospitals make about equipment. Do you ever suspect you are getting less than fair value for equipment you are trading-in? If so, you are not alone and more often than ...

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It’s Time to Redefine Disposition

More often than not, hospitals view their old or unused medical equipment as something they need to dispose of, whether through selling, recycling, or just putting it in the trash. What they don't realize is that most eq ...

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Mid-Year Resolution: Maximize Your Savings

As we round the corner into the second half of 2019, December 31st is closer than you may think. If you act now, there is still time to enable savings initiatives that can positively impact your hospital's bottom line th ...

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Are You Comparing Apples-to-Apples?

When evaluating purchase quotes for medical equipment, does your hospital apply benchmarking information based on item level comparison of your quote to other market prices? Given the ongoing complexity and variability i ...

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Know the Age – Get More Money

It is easy to think that older digital X-ray imaging equipment has limited value. However, the age of the detector can be an important factor in determining the value of the system. For example, a 10 year old digital mam ...

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Save Money: Use What You Own

Does your hospital overspend by purchasing medical equipment it already owns in another department or location? You may be surprised, but this seemingly simple issue costs hospitals millions of dollars per year. In fact, ...

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