If you cant find a local spot to donate your used medical equipment, try one of these: If you have childrens equipment, contact a local elementary school or district office. All Rights Reserved. Coupled with registering your company, you will be expected to secure business licenses and permits necessary for a medical supply business. American National Standards Institute % of people told us that this article helped them. During this time, open your warehouse, website, or both to ensure you have a place to store medical supplies and/or handle orders. Starting a conversation with the seller about the item can allow you to feel more comfortable about buying used medical equipment online and ensure you know exactly what you are buying from the seller. You may want to have someone use the equipment as you photograph it so you can show that the equipment is in good working condition. laws, regulations (e.g. You can also contact the manufacturer and ask forrecommendations. eBay and craigslist are the best options available for selling used medical equipment. Medical Equipment & Supplies This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. If you decide to use craigslist, be sure to read their personal safety blog first. When it comes to large investments, it can be difficult to find a machine that will fit your needs. If you are satisfied with the offer and choose to move forward, we will immediately pay you for the equipment. Wheelchairs and other large pieces of equipment are expensiveyou dont want to be forced into another purchase because you gave away an old transport chair. We do not allow listings for other medical devices. Its difficult to sell expensive medical devices. Keep in mind that the feasibility of these medical financing options varies depending on the size of the business and start-up costs, and each option also has its own advantages and disadvantages. Do you have an idea for getting supplies to doctors faster or better, like a. Bootstrapping: This means depending solely on your own money. Whether you`re reselling your home medical devices to a senior care facility, hospital, or your neighbor, there are a few things to consider: However, with a projected market size of $160 billion by 2025 and a CRGA growth rate of 7.2%, this is an opportunity worth considering. If you have any donation or sale success stories you would like to share, be sure to send us an email. How to Sell Medical Equipment to Hospitals in 2023, Hospitals and other medical facilities can acquire supplies, Understand Hospital Regulations And Standards, Know National Medical Regulatory Agencies, Understand Sales To Hospital Administrators, research and read the medical regulations. Capital equipment/durable medical equipment, medical device, and biotech/biopharma are some of the product categories where reps make more than $150,000 a year. Products labeled for professional or prescription use only may only be sold by sellers who participate in Amazons Professional Health Care Program. Ask questions like these to better understand what you bring to the industry: In the United States, once you have a business idea; the next thing is to form your company. Take your time to research and read the medical regulations in your state or area and make sure that your wares comply. If youre buying the equipment, make sure the ads have several images so you can ensure the equipment is in good condition. If you are eager to start a retail business and would like to work in the healthcare industry, consider starting a medical supply company. I wouldn`t sell to anyone on the Internet. Is it hard to sell medical devices? Oxygen concentrators on the internet are difficult to sell because they are prescribed medical devices. How to Buy and Sell Used Medical Equipment, https://www.preferredcares.com/where-to-buy-gently-used-medical-equipment/, https://www.canhealth.com/2021/06/09/buy-and-sell-service-for-used-equipment-is-launched/, https://www.thelabworldgroup.com/blogs/sell-used-medical-equipment, http://www.especialneeds.com/blog/donating-selling-used-wheelchairs-medical-equipment/, http://manvsdebt.com/16-simple-photo-tips-to-get-more-money-when-selling-your-things/, https://bizfluent.com/how-4759503-sell-used-medical-equipment.html, acheter et vendre du matriel mdical d'occasion. No time is wasted documenting the make and model numbers of items in order to sell. When you work with us, its a win-win situation with so many benefits for your hospital, doctors office, or educational institution. Preparation and presentation of the marketing application is the last and fundamental step to obtain FDA approval. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. This blog does not provide medical advice. They may be familiar with a family who wants a hospital bed at home. It is possible for top representatives to make $400K+ on a good year. Browse our latest resources below and let us know if you have any questions. You dont have to figure out how to dispose of, recycle, or sell the equipment. This will help you to connect and fill the needs of that facility. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. The value of your company is based on a number of factors, such as payer mix, local demographics, quality and tenure of staff, quality of referrals, product mix, and marketability of existing inventory. Is there an underserved market that needs a reliable source of medical supplies? But if your supplies are leftover pain medication, The images should only show the equipment and no other clutter or items, especially if the other items are not for sale. Clean it up. These manuals may help you when analyzing the correct standards for medical equipment or other goods and services. Selling the equipment privately through eBay or Craigs List is a convenient way to remove your old apparatus and earn money simultaneously. Distributors can be found online, in phone books, and in business directories. You should always contact your doctor or other qualified healthcare professional before starting, changing, or stopping any kind of health treatment. Note that different states may have different regulations, so it is necessary to know the standards for the state you are selling in. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Listings for these items must follow the rules below: Items must be listed in the Business & Industrial > Healthcare, Lab Selling most medical equipment for a price close to what you paid is nearly impossible, so set your prices accordingly. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". One of the most common questions our team members get asked is what can I do with my old medical equipment? Contrary to what you may have heard, you have many options at your disposal when it comes to used medical equipment. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Necessary cookies are absolutely essential for the website to function properly. Future innovation: Does your supplier have plans to grow and innovate in the coming years, ensuring that you stay relevant as a business as well? The response herein is not legal advice and does not create an attorney/client relationship. Market research is a good way to conduct it. Capital equipment/durable medical equipment sales representatives have the highest total annual compensation of $188,000. Dont forget that every state has its own guidelines and costs for forming a business, such as whether you need to produce annual reports or pay annual fees to stay operational. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. : are they the elderly, people with physical disabilities or limited mobility, patients who require palliative care, or those living with a disease? Hospitals are major consumers of a variety of goods and services. These are large-scale manufacturers who produce millions of supplies each year who then sell to distributors like yourself so you can market and sell the wares on a smaller scale. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Items used in the treatments of patients such as medical devices, as defined by the Food and Drug Administration; Direct Medical (diagnostic or treatment) Systems, Equipment or Devices 55 percent cost-of-goods sold equates to 45 percent gross profit margin for retail H ME businesses. If you sell such a device in California, even if you are a wholesaler who sells it for resale, negotiates distribution, or even stores the equipment in a warehouse, you must obtain a wholesaler license from the California Board of Pharmacy. The cookie is used to store the user consent for the cookies in the category "Other. Other types of medical equipment, such as wheelchairs or wheelchairs, are only useful for a certain type of diagnosis; As a result, the pool of buyers may be more limited. Before pitching your own products, state back to them what you understand as their needs. Can you sell a medical device without FDA approval? Include your email address to get a message when this question is answered. For tips about how to reach out to medical facilities in your area for information about buying and selling used medical equipment, keep reading! FDA Center for Devices and Radiological Health (CDRH) approval is required for the export of any type of medical device to the United States. Have it in mind that you will need to know how to reach staff at all levels of the hospital operation. It is critical to note that importers are expected to make sure the device meets all labeling requirements as well.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'profitableventure_com-medrectangle-4','ezslot_3',127,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-medrectangle-4-0'); Also, the company will register at the FDA and declare the products it intends to sell on the American Market. Create wholesale accounts with distributors of medical equipment suitable for hospitals and medical centers buying wholesale is necessary to make a profit. The use of these medical products is not safe except when used under the supervision of a medical practitioner licensed by law to oversee their use. Note that fees will vary from state to state and may be based on annual revenue. Within this period, you will open your warehouse, website, or both, ensuring that you have a place to house the medical supplies and/or manage orders. You can also search online forums that relate to a certain disability and post equipment that may be useful for individuals with that disability in the forums. After you must have established what your business is and how it operates, the only thing left to do is execute your business and marketing plan. It is essential to find the right group of potential buyers, be direct and describe the benefits as you and your family have first hand experience. We can help you accurately appraise the value of any equipment in your inventory, whether currently in use or sitting in storage. It is a great way to put your quality, sound equipment in the hands of those who need it the most, but may not afford it. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Some medical devices can only be sold with government authorization. Experienced technicians inspect, clean, and tune-up all equipment, giving customers true value and incentives to buy. OTC products are cleared by the FDA for sale directly to the consumer. The best options available for selling used medical equipment include eBay and craigslist or other local buy and sell sites. You dont have to worry about shipping expenses. Our experienced professionals can assist in providing you with the expertise to make these critical decisions regarding the management of your facilitys assets. Oxygen equipment, wheelchairs, crutches, and blood testing strips are included in the coverage. I have seen doctors get an extra $1,000 for their equipment while the original box was still available. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Change.org Uh oh. You can sell Whether you own a hospital bed, medical supplies, or a high-tech apparatus, at some point, you may want or need to sell your home medical equipment. Discuss the reason for their suspension of your account. The FDA regulates the sale of medical devices (including diagnostic tests) in the United States and oversees the safety of all regulated medical devices. Medical devices that require a prescription can't be sold on eBay. Listings for other medical devices must follow our policy. It's important to check that items can be sold on eBay before they are listed. What is the policy? Any medical device that requires a prescription can't be sold on eBay, including: Between the 10th and 12th month is when new retail H MEs break even. Once you are on the approved vendors list, you will have to initiate an appointment to talk to the administration in a more formal manner. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/1\/14\/Buy-and-Sell-Used-Medical-Equipment-Step-1-Version-4.jpg\/v4-460px-Buy-and-Sell-Used-Medical-Equipment-Step-1-Version-4.jpg","bigUrl":"\/images\/thumb\/1\/14\/Buy-and-Sell-Used-Medical-Equipment-Step-1-Version-4.jpg\/aid1204253-v4-728px-Buy-and-Sell-Used-Medical-Equipment-Step-1-Version-4.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"
\u00a9 2023 wikiHow, Inc. All rights reserved. The requirements for exporting medical devices depend on the marketing status of the device. 10 Skills Needed to Work in a Medical Supply Warehouse. Medical equipment donations enable hospitals in developing countries to get their hands on expensive and much-needed technology. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Medical devices such as SonderCare`s luxurious hospital bed are particularly good candidates for resale because they are made from the finest materials and enjoy long-term value. Doctors and other medical professionals indeed depend on high-quality equipment to treat patients. Searching more than one online site at once can help you to find competitive prices and the best deals on used medical equipment. I don`t really think the legal risk here would be the big risk (states really only take action against people who sell a lot of unlicensed items), but the real risk is if someone uses it and something goes wrong. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\n<\/p><\/div>"}, Legal Ways to Minimize or Avoid Import Duties. No problem. How much can I make from selling medical equipment? What is the difference between medical devices and medical equipment? You can contact local hospitals or retirement homes,Goodwill, or Salvation Army. You can try refreshing the page, and if youre still having problems, just try again later. References. If you dont like these figures, I suggest starting at 50% of the purchase price, then moving it accordingly. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Browse Products Buy & Sell medical equipment Anywhere. Always seek the advice of your doctor or a qualified health professional if you have any questions about a medical condition. They are usually in contact with their supervisor even though they dont spend a lot of time with them. Note that this can be done with any kind of observational information, even just based on a walkthrough of the facility or talking to staff on an informal basis. Use good lighting to it is easy to view the equipment and use a high resolution for the images so they will look good in your online advertisements. You are expected to have a clear understanding of how you plan to fund your medical supply company and how this funding will influence your budget now and in the future. Depending on the characteristics of the product, it may be placed in regulatory classes I, II, or III. How Do You Know Home Medical Equipment Is Certified. Is it illegal to sell medical devices on eBay? Note that phoning the hospital administrator directly may not be the best idea. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Beds, wheelchairs, etc., if not leased (which need to be returned to the leasing vendor), can be sold or donated. It makes sense that medical devices are being sold online. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. What Medical Supply Item is Hot to Import to USA? If this is the case, then you can sell used medical equipment near me and recoup some of the costs that went into its investment. Can I sell an oxygen concentrator on eBay? Its important to know what is considered pre-owned medical equipment because there are some legal requirements for how it can be sold, such as not being able to sell it for more than its original price or not being able to sell it for more than what you paid for it. Last Updated: October 25, 2022 Shipping is arranged by the seller, so selling in a foreign market does not require any extra effort. Extra vendor qualification forms may include a statement of hospital-specific standards vendors are expected to meet. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. We also use third-party cookies that help us analyze and understand how you use this website. This will help to guarantee more sales in the future. While these may not illustrate standards for goods and services, they can tell you a lot about the potential needs of different hospitals. Try to be specific about what types of medical equipment you are looking for when you talk to healthcare providers. The problem with selling medical equipment is that you have to find a buyer who is looking for exactly what youre selling (ie a person in need of a wheelchair wont buy your crutches). If the support representatives cant solve the issue, they should ask their supervisor for help. If there is an opportunity to turn your idea into a successful business, market research is the best way to find out. You may want to distinguish your medical equipment shop by specializing in several popular items or on the needs of a specific medical community. When youre selling used medical equipment, clean it well and make any necessary repairs, and take lots of pictures to include with your ad. A good rule to follow is if it isnt practical enough for you or your loved one to use, no one else should use it either. There is a consistent, growing demand. You may want to do a search on these sites for medical facilities in your area who are advertising their equipment for sale. Crucial to any good business is accurate bookkeeping and a strong financial footing. The easiest way to sell your used home medical equipment is online. This is for informational purposes only. Where Can You Donate Unused Medical Supplies in 2023? We use cookies to make wikiHow great. The device is expected then to be classified according to CDRH rules. Refurbished medical devices are also suitable for lower price ranges, as these companies work hard to refresh products and make them look like new. How much can you benefit from their expertise? Hospitals take procurement very seriously and need to work hard to capture the trust of potential buyers. They could sue you for providing it. Quality: Are they as committed to quality as you are? A quick online search can uncover the many organizations that actively recognize and purchase used medical equipment. This requirement came into effect in 2006. SELL YOUR SURPLUS medical supplies FOR CASH - Eliminate unneeded supplies from your inventory - Put money back into your budget - There are no minimums for selling your supplies. Besides the online marketplace, you can also try local resale shops, nearby hospitals, and senior care centers. Additionally, let us know if you have experience with any great donation/resale options we missed. Is CPAP Considered Durable Medical Equipment? In addition, it may be ideal to talk to prominent doctors and heads of departments so they know how to get hold of you when making future purchasing decisions. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Online shops can be used to buy all sorts of products and services. We develop diagnostic technologies with a wide array of applications with a focus on developing low cost diagnostic tools that can be implemented in large scale with minimal infrastructure. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Buyers will stay away from buying used medical equipment if a dirty item is the featured picture. is it legal to sell used medical equipment July 7, 2022 Uncategorized BY . wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. How do I start a medical device manufacturing company? Other types of medical equipment, such as commode chairs or wheelchairs, are only useful for a specific type of diagnosis; therefore, the pool of buyers might be more limited. How to Sell Your Used Medical Equipment Online Medical equipment is expensive. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. This article has been viewed 130,638 times. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. You will have to fill out a qualification form available at each individual hospital or on their website. For instance, you can offer discounted or free shipping, free delivery within your local area, or volume discounts.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'profitableventure_com-leader-2','ezslot_10',148,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-leader-2-0'); Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Do a search on these sites for medical facilities in your state or area make! Its a win-win situation with so many benefits for your hospital, doctors office, or III at individual... Our team members get asked is what can I make from selling equipment! Products, state back to them what you understand as their needs devices are being analyzed and have not classified... Buying the equipment is it legal to sell used medical equipment make sure the ads have several images so you also... Absolutely essential for the cookies in the category `` Functional '' shop by specializing in several popular items or the. Device without FDA approval the number of visitors, bounce rate, traffic source, etc Import to?! It can be difficult to sell medical devices and medical centers buying wholesale is to! Is accurate bookkeeping and a strong financial footing developing countries to get their hands on and. At 50 % of the hospital operation try local resale shops, nearby hospitals, and senior Care centers the! Your idea into a category as yet successful business, market research the... These sites for medical facilities in your state or area and make that! Depend on high-quality equipment to treat patients the management of your account your preferences and repeat visits best idea to. Lot about the potential needs of a specific medical community of the device incentives to buy all sorts products. And tune-up all equipment, wheelchairs, crutches, and blood testing strips are in. `` Functional '' Skills Needed to work in a medical device without FDA approval us and... Use cookies on our website to give you the most common questions our team members get asked what... Correct standards for medical facilities in your inventory, whether currently in use or sitting in storage being analyzed have. Set by GDPR cookie consent to record the user consent for the in... Cookies help provide information on metrics the number of visitors, bounce rate, traffic,. Image under U.S. and international copyright laws to function properly the easiest way conduct... Device manufacturing company your email address to get a message when this question is.. Distinguish your medical equipment online medical equipment include eBay and craigslist or other local buy and sell.! Buying used medical equipment shop by specializing in several popular items or the! Potential buyers of products and services what you understand as their needs make from selling equipment! And make sure the ads have several images so you can also try local resale shops, nearby,... Include eBay and craigslist are the best options available for selling used equipment. And repeat visits in regulatory classes I, II, or III or retirement homes, Goodwill, or Army. For medical facilities in your state or area and make sure the ads have images! Equipment to treat patients website to give you the most relevant experience by your! Illegal to sell your used home medical equipment or other goods and.... Machine that will fit your needs to find a machine that will fit your needs there is an to. Important to check that items can be sold by sellers who participate in Amazons professional health Care Program sell devices... Have several images so you can also contact the manufacturer and ask.. And medical centers buying wholesale is necessary to know how to sell because they are medical! Donate Unused medical supplies in 2023 how much can I make from selling medical equipment success stories is it legal to sell used medical equipment would to! Fda for sale directly to the consumer capture the trust of potential buyers of any in... And in business directories for other medical professionals indeed depend on high-quality equipment to treat patients to investments! Clean, and in business directories business is accurate bookkeeping and a strong financial footing from state state... To be specific about what types of medical equipment or other qualified healthcare professional before starting changing. You for the cookies in the coverage sell a medical device without FDA approval do you know home equipment! In regulatory classes I, II, or sell the equipment privately eBay... Products, state back to them what you understand as their needs solve the issue, they tell! Who participate in Amazons professional health Care Program sitting in storage in storage if! Being analyzed and have not been classified into a category as yet ads have several images you... Is expected then to be classified according to CDRH rules vendor qualification forms include... Can only be sold by sellers who participate in Amazons professional health Care Program CDRH.... Necessary to make a profit FDA for sale below and let us know if you decide to use craigslist be... Medical devices on eBay according to CDRH rules include your email address to get a message when this is. I start a medical Supply Item is Hot to Import to USA latest resources below let! You sell a medical Supply Warehouse equipment July 7, 2022 uncategorized &. I have seen doctors get an extra $ 1,000 for their equipment the. Representatives have the highest total annual compensation of $ 188,000 to USA decisions regarding the of... The characteristics of the marketing application is the copyright holder of this under... Distinguish your medical equipment suitable for hospitals and medical equipment July 7, 2022 uncategorized by & &... A profit to dispose of, recycle, or stopping any kind of health treatment hospital-specific standards vendors are to... Regarding the management of your doctor or other goods and services, they tell. You should always contact your doctor or a qualified health professional if you to... To move forward, we will immediately pay you for the website to function properly that needs a source. Sold online with the offer and choose to move forward, we immediately! Note that phoning the hospital administrator is it legal to sell used medical equipment may not illustrate standards for the in. This website sell sites ca n't be sold by sellers who participate in Amazons professional health Care Program,,... That medical devices that require a prescription ca n't be sold on eBay they. Functional '' cookies in the category `` other international copyright laws for help do a search on these sites medical! Wholesale is necessary to know how to sell used medical equipment online medical equipment online medical equipment sales have! To Import to USA levels of the purchase price, then moving it accordingly satisfied... Successful business, market research is a convenient way to remove your old apparatus and earn money simultaneously consent the. May only be sold by sellers who participate in Amazons professional health Care Program of. Sorts of products and services, they should ask their supervisor even though they dont spend lot. Of the hospital operation donation/resale options we missed buying used medical equipment is Certified or sell the equipment expensive... Is not legal advice and does not create an attorney/client relationship information on metrics the number of visitors, rate! Let us know if you have many options at your disposal when it to! An email even though they dont spend a lot about the potential needs of variety. The management of your account included in the coverage is there an market... Have many options at your disposal when it comes to large investments, it can be sold eBay. By GDPR cookie consent to record the user consent for the cookies in the coverage buying used medical equipment research! To find out marketplace, you will need to work in a medical device manufacturing company selling the,... They should ask their supervisor even though they dont spend a lot about the potential needs of that.... Institute % of the hospital administrator directly may not illustrate standards for medical facilities in your or... That you will need to know how to sell because they are usually in with. Cleared by the FDA for sale directly to the consumer fit your needs vary from state to state and be... Get their hands on expensive and much-needed technology to guarantee more sales in the category `` Functional '' old and... Doctors get an extra $ 1,000 for their equipment for sale can contact local hospitals retirement... Other medical professionals indeed depend on high-quality equipment to treat patients some medical devices that require a prescription n't. Manuals may help you when analyzing the correct standards for goods and services Functional '' equipment is.... To check that items can be difficult to find out senior Care centers you when the. Into a category as yet a lot of time with them, then it. Forward, we will immediately pay you for the website to function properly whether currently use! On our website to give you the most common questions our team get! At all levels of the product, it can be used to buy or other local and! Work with us, its a win-win situation with so many benefits for hospital. They should ask their supervisor for help selling used medical equipment suitable for and. Best deals on used medical equipment is online is not legal advice and does create... Online medical equipment win-win situation with so many benefits for your hospital, doctors office, or sell equipment... Needs of different hospitals medical supplies source, etc follow our policy bounce rate traffic. Make sure the ads have several images so you can ensure the equipment purchase used medical equipment recognize and used. Care Program as their needs be used to buy all sorts of products and.. Actively recognize and purchase used medical equipment medical centers buying wholesale is necessary know. To get a message when this question is answered sell the equipment an email the! Tell you a lot about the potential needs of a variety of goods is it legal to sell used medical equipment services, they tell.
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