\u00a9 2023 wikiHow, Inc. All rights reserved. The FDA monitors the ongoing safety and efficacy of regulated marketed products through MedWatch, the FDA`s safety information and adverse event reporting program. The support representatives can be reached at 1 to 866 or 540-3229. If the Food and Drug Administration requires you to have a prescription to obtain medication or other medical devices, then it is also illegal to resell that item online. Its difficult to offer medical equipment because you have to find a customer who will pay a fair price for it. The easiest way to sell used medical equipment is online, where you can Hospitals, medical centers and doctors practices are some of the markets in which a medical sales representative is responsible. If you intend to sell things like a stethoscope, then it is legal and not an issue. Oxygen concentrators on the internet are difficult to sell because they are prescribed medical devices. There are many reasons why a seller would like to sell their equipment. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. Second-year sales usually break $1 million, but first-year sales usually break $500,000. If your medical equipment isnt in working order, it shouldnt be sold or donated. Drop shipping items to medical professionals is possible. There are several online sites that allow you to sell goods for a small fee, such as Amazon, ebay.com, or craigslist.com, as well as sites that specialize in selling and buying medical equipment for a small fee, such as medibid.com, usedhm.com, disabledgear.com, or dremed.com. Howbeit, when choosing your supplier(s) and vendor(s), consider a few key factors: All in all, ensure to work with a medical supply mentor or expert to better understand the qualities of successful medical supply partners and determine which potential vendors and distributors would be best for your specific needs. You should take care of a few things before you decide to list your used medical equipment for sale or offer it as a donation. Just send us any pertinent information you may have that will assist us in making a fair market determination for the equipment (like pictures, for example). Buying and selling used medical equipment can be a profitable enterprise, especially if you are smart about which types of equipment you buy and sell. What is it like to be a medical device sales rep? If you sell medical devices, it`s important to get quotes from multiple suppliers. 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. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Why Would a Medical Supply Company Need a Patients SSN? Where Do Medical Supply Stores Get Their Inventory in 2023? Used medical equipment sells for less because most manufacturer warranties become void if the product changes hands after the initial purchase. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. A person is willing to pay for your company. Another important aspect of selling medical equipment is the shipping box or container in which the original device was delivered to you. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Unless you plan to manufacture medical supplies for yourself, you will need to find a manufacturer or distributor from whom you can purchase your supplies. Note that this can take the form of certification for applicable items as well as less formal qualifications. This will help you to connect and fill the needs of that facility. 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. 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. Hospital administrators want to be heard and a script makes it seems like you were not listening. You don't have access to those, so you can either: Find medical supply stores that sell to the public Buy from retailers such as Walgreens, CVS, Walmart, and Amazon It may be easier for you to buy kits. Gumbo Medical6945 Speedway Blvd Suite, H101Las Vegas, 89115, Copyright 2020. This equipment includes gloves and masks (PPE) to intricate niche tools used by specific surgeons, doctors, and health professionals. The reps who sell surgical devices are paid the most. Many patients may then try to buy used medical equipment as a way to lessen the costs of their treatment. These organisations are a fantastic place to get devices at little or no expense for people who seem to have a hard time obtaining new or lightly used wheelchairs or home medical products. 3 to 6 business days is how long it takes for first class mail to arrive. Analytical cookies are used to understand how visitors interact with the website. The This blog does not provide medical advice. Consider offering incentives for medical professionals and hospitals to patronize your medical supply company. Why is Insurance Higher for Medical Supply Stores? Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. For tips about how to reach out to medical facilities in your area for information about buying and selling used medical equipment, keep reading! Yes, it is fully legal to sell used medical equipment, and there is an enormous marketplace for these products. Thanks to all authors for creating a page that has been read 130,638 times. With financial pressure on healthcare organizations growing massively each year, supply chain managers are making purchasing decisions very carefully. In order to make useful products readily available to their patients, physicians can distribute other health-related products for free or at a cost. The content of this article is not intended to be a substitute for professional medical advice, examination, diagnosis, or treatment. 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