What To Do With Old Medical Equipment

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What To Do With Old Medical Equipment

5 July 2019
 Categories: Health & Medical , Blog

When your hospital is due for upgrades and the addition of a new wing, you tend to move a lot of equipment and things around. An abandoned wing or floor of the hospital becomes the storage grounds for everything else, until long after the new wing is built and new equipment is installed. After some time, you remember that you have this wing/floor full of old equipment, and you are not sure what to do with it. As long as the hospital's board of directors approves, you can do the following. 

Medical Equipment Appraisal

The first thing you need to do is get all of the old medical equipment and office equipment appraised. Some of it could be worth a lot of money. Have the appraiser run a list of the items and what each is worth, so that you know how much money you can get for the hospital's ongoing operational needs. For more information about how to appraise your surplus, contact a company like COMPASS MEDICAL APPRAISAL SERVICES.

Medical Supply Sales and Auctions

Next, find a medical equipment auction/auctioneer to auction off all of the equipment that has been appraised. You can set a date and time for the auction and then it heavily within the medical and healthcare community in your state (and beyond, if you choose). The proceeds from the sales of this equipment can help pay off any of the debts incurred for building the new wing and/or the purchase of new and upgraded medical equipment for the hospital. 

There may also be some second-hand medical supply companies willing to purchase the equipment from you. If that is the case, you can sell a lot of the equipment to one or more of those companies at the appraised value of each item. Then, the second-hand medical supply company will sell it off themselves, through their traveling sales agents, to other hospitals and medical clinics, relieving you of the responsibility of having to do all of that wheeling and dealing, yourself. 

Report to the Board

After the appraisal and sales of equipment, the hospital's board of directors is going to want to know what the status quo is. Provide them with the appraiser's report and the total sales of all equipment and what it garnered for the hospital, in terms of profits and monetary offsets. What the board members choose to do, from that point on, is something everyone involved will have to discuss and on which everyone will have to vote.