A Beginner’s Walkthrough to Buying Refurbished Medical Equipment

A Beginner’s Walkthrough to Buying Refurbished Medical Equipment

While many factors have contributed to the skyrocketing cost of healthcare, the rising prices of medical equipment have certainly played a role. Hospitals and clinics increasingly find themselves between a rock and a hard place — the cost of medical equipment is higher than ever, but health insurers are reimbursing at lower and lower rates. As a result, healthcare providers are looking for creative ways to keep costs down. One very cost-effective solution involves purchasing used or refurbished medical equipment.

Refurbished medical equipment is a smart way to minimize expenses, but you need the right buying approach to ensure each item’s quality. As long as you know what to look for, you don’t need to trade quality and lifespan for affordability. Here are the things every new buyer should know about purchasing refurbished medical equipment.

Understand What “Refurbished” Actually Means

The second-hand medical equipment market contains items that fall into many different categories, including refurbished, used, pre-owned, and reconditioned. Even within the refurbished category, you can find subcategories, such as “visually refurbished,” “fully refurbished,” and “parts replacement.” Before you buy, make sure you understand the distinctions among these categories.  “Used” equipment typically comes as-is, meaning you have no warranties or guarantees about how well it will work or for how long. “Pre-owned” equipment refers to an item purchased new by another party.

“Refurbished” or “reconditioned” equipment usually has received cosmetic or functional repairs of some kind. A cosmetically refurbished item will have no functional problems, but it may have received repairs to improve its visual appeal. Other refurbished items may have received replacement parts prior to resale to restore them to functionality. Lastly, fully refurbished equipment has received repairs that restore it to like-new condition. A complete refurbishment typically includes both cosmetic and functional repairs.

Research the Supplier

Refurbished medical equipment can be just as reliable as new equipment as long as you purchase it from a reputable supplier. Make sure you inquire about the supplier’s refurbishing policies and practices before you buy. Here are some other things you’ll want to look for in an equipment supplier:

  • A quality supplier will offer a warranty with every piece of equipment they sell. The length of the warranty will depend on the type of equipment, but they typically offer a coverage range of three months to one year.
  • Financing options While refurbished medical equipment is significantly more cost effective than new equipment, you may opt for a supplier who offers flexibility with financing options. Ask your supplier if they provide any rental or leasing options for their equipment.
  • Know the Features You Need before You Shop

If the equipment you’re buying is meant to replace a device you currently have, evaluate what you do and do not like about your current equipment. What features does it have? How often do you use it? Has technology progressed since the device was made, offering new features you might want? How long do you need the device to last?

Once you answer those questions, take a look at what’s available on the refurbished market.

The purchase of refurbished medical equipment is a viable consumer alternative— saving money without compromising on quality.  With the tips in this guide, you now have the requisite knowledge to select the appropriate device from a reputable seller.

4 Crucial Questions to Ask Before Buying a Refurbished IV Pump

4 Crucial Questions to Ask Before Buying a Refurbished IV Pump

Infusion pumps are cost-saving medical devices that deliver fluids in a controlled and consistent manner. An infusion pump can supply medication in minute quantities at frequent intervals, giving patients a consistent dosage. Insulin, antibiotics, pain relievers, and chemotherapy drugs are just a few of the essential medications that are best supplied via an infusion pump.

Infusion pumps are essential for most medical facilities, but they’re a major investment. Fortunately for cost-conscious medical equipment buyers, refurbished infusion pumps offer an affordable solution. Ask these questions before you buy to make sure you’re purchasing quality equipment.

Does the Infusion Pump Come with a Warranty?

You want to look for a reliable warranty with any medical product that you’re purchasing. This is vital when purchasing refurbished items. Infusion pumps have an impressive lifespan of about ten years.

Look for a company that will provide you with a warranty for your refurbished IV infusion pump. A warranty that falls somewhere between three months and one year is appropriate for the industry. You may also want to ask for references attesting to the dealer’s reputation.

Is the Equipment Patient-Ready?

There’s a difference between used medical equipment and refurbished products. Refurbished IV infusion pumps should be patient-ready. Customers must inquire before the purchase of devices whether the equipment has been tested and calibrated.

Is Financing Available?

Financing infusion pumps and other medical equipment is always a challenge for hospital administrators. Refurbished products are a budget-friendly solution because they’re much less expensive than new pumps. When used infusion pumps are properly calibrated and refurbished, they can perform as efficiently and reliably as a new product- at a fraction of the cost.

As an added benefit, many companies also offer creative financing solutions for their refurbished infusion pumps. You can explore both leasing and financing options for your equipment. These options allow you to defer payments or reduce them to a more manageable amount each quarter.

What Certification Does the Company Carry?

Always  research a seller when purchasing pre owned infusion pumps. For example, DotMed Certification can provide assurance and a level of comfort that the vendor is committed to upholding quality standards.  When a company is DotMed certified, they have signed a Code of Ethics guiding their operations. Dot Med Certification is not easily attained and is testimony to a vendor’s integrity and reputation.