Supply chain tip of the day: Maximize the value of asset liquidations

Many hospitals prefer to dispose unwanted or unneeded medical equipment via a one-stop shop. However, hospitals should dig a little deeper to find companies that will work with them on liquidating specific assets to increase their bottom line, says Gary Harris, inventory buyer at Providence, R.I.-based CopEx.

He shared the following tip with Becker's Hospital Review.

"I've seen a hospital lose thousands of dollars to a 'one-size-fits-all' operation that deals with a wide variety of items and only offers hospitals a small portion of the items' value. These folks act more like a trash removal company than a true partner helping you move assets while maximizing the value.

"Do a little bit of research when it comes to disposing of specific items. It can be as easy as a Google search, and the extra time could be worth significant income to your hospital."

If you would like to submit a supply chain tip, please email Mackenzie Bean at mbean@beckershealthcare.com.

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