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What to Know When Selling Your Used Medical Equipment

by | Sep 18, 2020 | MRI, CT

What to Know When Selling Your Used Medical Equipment

Medical equipment is a considerable investment for healthcare facilities, and most are built to last for decades. Given the specialized use and high price, selling used equipment can be difficult. If you’re looking to offload some equipment for budgetary or upgrade purposes, knowing how to find qualified buyers is crucial. Some types of equipment are in higher demand than others. Items that are popular for resale include wheelchairs, MRI & CT machines, X-Ray machines, MRI Coils, anesthesia machines, defibrillators, infusion and syringe pumps, EKG machines, incubators, patient monitors, and ventilators.

Keep reading to learn more about how to prepare your used medical equipment for liquidation.

 

Clean and Photograph the Equipment

Prepare your used equipment so that it looks presentable before the sale. For example, if you are selling a wheelchair, you should wash it to make sure it looks its best. Make sure the wheels work correctly as well. When you clean the item, it is easier to assess if it seems new or used.

When you clean the equipment, it will look better in photographs. Take a picture in good lighting against a solid white background, and make sure only the equipment for sale is in the frame. Note damages or issues with the item and take pictures of these as well. It is crucial to be forthcoming about any imperfections in your items when you put them up for sale.

 

Sell the Equipment Through a Shop or Online Platform

A medical equipment shop can offer store credit or cash for used items. You can also sell the equipment on consignment and get a percentage of the sales. Some equipment stores can refurbish damaged items to increase their resale value.

It is also a good idea to search online forums dedicated to certain illnesses or conditions and post your equipment here. This allows you to reach the businesses or individuals who are more likely to be interested in your items.

 

Find Other Medical Facilities for Your Equipment

Other medical facilities might also want to buy your used medical equipment. Publicly-funded institutions might be willing to purchase the equipment at a reduced price. If you’re considering this option, it is good to contact the facility beforehand since it will be taxing to haul large items through the door only to be told that they are not interested. Send photographs and descriptions to the facility to help them make a decision.

You might also want to donate used items instead of reselling them. Financially disadvantaged medical institutions would surely appreciate free equipment, especially if the things look good as new.

 

Set Up a Medical Equipment Resale Shop

If you have a large amount of used medical equipment, you could maximize your earnings by setting up a shop for reselling your items. Note, though, that there are plenty of resale shops with large amounts of inventory and a good customer base, so distinguishing yourself is a must if you want to thrive in this space.

 

The Bottom Line

Medical equipment is a significant investment, and institutions that have a surplus of these would benefit from liquidating some of their assets. Prepare your items for resale or donation by cleaning them and taking good pictures for documentation.

Get the most value out of your used medical imaging equipment by selling them through DirectMed. We support dozens of MRI and CT systems and are committed to getting the best prices for our sellers. Request a quote for a free valuation, or contact us today for more details.

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