is it legal to sell used medical equipment

The FDA regulates the sale of medical devices (including diagnostic tests) in the United States and oversees the safety of all regulated medical devices. Browse Products Buy & Sell medical equipment Anywhere. Legal Disclaimer: If this information has been helpful, please indicate below. Many of these second-hand buyers focus on more expensive items such as wheelchairs, hospital beds, scooters, chairs, walkers, children`s items, shower seats and more. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. If you have any used or new surplus or overstocked medical equipment (working or not), contact Gumbo Medical, LLC and sell it to us. That money can be exchanged for a state-of-the-art machine you may not have yet or for upgrading to newer equipment. This cookie is set by GDPR Cookie Consent plugin. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Before a device can be sold in the US, it must be approved by the FDA. American National Standards Institute The easiest way to sell your used home medical equipment is online. There is a blueprints of approved manufacturing premises plan and layout. All batteries, nebulizers, and concentrators need to be shipped to the United States and insured by the United States Postal Service. The cookie is used to store the user consent for the cookies in the category "Performance". 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. Our goal is to make equipment disposal, recycling, or resale simple and convenient for you. Note that different states may have different regulations, so it is necessary to know the standards for the state you are selling in. Sell Used Medical Equipment | Sell Diagnostic Imaging Equipment - Nationwide Imaging (732) 262-3115 Sell Equipment In order to provide the largest selection of imaging equipment, Nationwide maintains a continuing effort to purchase all modalities of used imaging equipment. Whatever option you choose, keep the buyer in mind, and how you can make a difference in their lives. Quality: Are they as committed to quality as you are? 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. 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. When you work with us, its a win-win situation with so many benefits for your hospital, doctors office, or educational institution. 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. Extra vendor qualification forms may include a statement of hospital-specific standards vendors are expected to meet. If you need to get rid of an old wheelchair or other large equipment because it is no longer functional, it is best to take it to your local waste facility rather than donate it. Note that the type of business you choose will depend on your business structure and affect how you are taxed, what fees you need to pay, whether or not you need to raise capital, and more. California, for example, requires a separate license if you are going to sell medical equipment. eBay and craigslist are the best options available for selling used medical equipment. First Class Mail is an affordable option if expedited shipping isnt needed. eBay does not allow the sale of medical devices that require a prescription. I could imagine that most or all states require you to be allowed. Sell Used Distributors can be found online, in phone books, and in business directories. 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. Can You Work 10 Days In A Row In California? eBay does not allow the sale of medical devices that require a prescription. Now that you need to figure out what your business is and how it works, all you have to do is execute your business and marketing plan. Home health supplies, such as medical beds, canes, and home diagnostic kits, can also be sold. If YES, here are 10 strategies to sell medical equipment to hospitals in 2023. You can contact local hospitals or retirement homes,Goodwill, or Salvation Army. Oxygen units are regulated by federal laws and are considered a prescription only medical device. Nevertheless, here are the steps to consider if you want to sell medical supplies in the United States. The easiest way to sell used medical equipment is online, where you can Your used medical is usually worth quite a fair amount! Refurbished medical equipment is also convenient for lower price ranges as these companies work hard to refresh the products and make them like new. Do not use it as a substitute for professional medical advice, diagnosis, treatment or disease prevention. When youre selling used medical equipment, clean it well and make any necessary repairs, and take lots of pictures to include with your ad. 55 percent cost-of-goods sold equates to 45 percent gross profit margin for retail H ME businesses. Have it in mind that selling to hospitals can be a consistent and excellent source of income for supply businesses looking to improve their bottom line. What you need to be aware of. 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. All medical equipment is a medical device, but not all of them should be considered equipment. You can also contact the manufacturer and ask forrecommendations. If the support representatives cant solve the issue, they should ask their supervisor for help. Besides the online marketplace, you can also try local resale shops, nearby hospitals, and senior care centers. If donating is something you would like to do instead of reselling, make sure to find an organization that will take your used but functional 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. Be sure to send the facilities photographs and descriptions of each item or piece of equipment so they have a good sense of the condition of the equipment. Discuss the reason for their suspension of your account. Doctors and other medical professionals indeed depend on high-quality equipment to treat patients. In cities across the U.S. and Canada, charity organizations accept medical equipment, be it hospital beds, mattresses, furniture, wheelchairs, walkers, or other devices. 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. Or, if your bed features assist rails, you can promote it for patients who are at risk of falling. It is possible for top representatives to make $400K+ on a good year. Implants and single-use devices are not equipment that needs to be inventoried or repaired often as they leave the institution with the patient. Decide whether you want to function as a Limited Liability Corporation (LLC), C-Corporation, or S-Corporation. Our trained team of editors and researchers validate articles for accuracy and comprehensiveness. Some of them even upgrade and clean all their purchased equipment, ensuring that they can offer a renewed guarantee for purchasers. Furthermore, JCAHO offers best practices for hospitals on its website. If you have any donation or sale success stories you would like to share, be sure to send us an email. Oisto is the world's leading medical equipment marketplace for healthcare professionals. This will make it clear you are on the same page before you try to sell your own goods and services.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'profitableventure_com-large-mobile-banner-1','ezslot_8',131,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-large-mobile-banner-1-0'); Have it in mind that the best practices in selling to hospital administrators will vary, depending on the type, location, and administrative structure of the hospital. A quick online search can uncover the many organizations that actively recognize and purchase 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. More Benefits Of Buying Medical Equipment, Benefits of Leasing Expensive Home Medical Supplies. Federal law requires Capital equipment/durable medical equipment sales representatives have the highest total annual compensation of $188,000. Though there are many large medical supply companies, it is very much possible for a small independent medical supply business to find success in this industry. These cookies ensure basic functionalities and security features of the website, anonymously. This requirement came into effect in 2006. Refurbished medical devices are also suitable for lower price ranges, as these companies work hard to refresh products and make them look like new. You may want to distinguish your medical equipment shop by specializing in several popular items or on the needs of a specific medical community. 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). Some respondents said that stress was caused by the pressure to make quota, while others said that stress was caused by the difficulty in getting vendor clearances. 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. Controlled substances, yes, very much so. 88 West Gartner Road,Naperville,ILU.S.A.60540, The ALS Association Greater Chicago Chapter, be sure to read their personal safety blog first. By signing up you are agreeing to receive emails according to our privacy policy. But opting out of some of these cookies may affect your browsing experience. Can you make a lot of money in medical device sales? Things like beds, walkers, and sticks are easy to sell because they are often adjustable and the chances of meeting the needs of the new buyer are high. Shipping is arranged by the seller, so selling in a foreign market does not require any extra effort. If your facility is located in Las Vegas or in relatively close proximity, we will personally come out to your facility, take note of your inventory, and make you a fair offer on the equipment for sale. To sell your medical equipment, you will have to market your medical supply business to medical professionals, mainly those within your city. {"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. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. In addition, the company will register with the FDA and specify the products it intends to sell in the U.S. market. What is it like to be a medical device sales rep? By using our site, you agree to our. 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. Here are processes and steps to consider; As a medical supplies vendor, the products and services you offer need to be good enough to fit the hospitals mandatory standards for purchase. If youre buying the equipment, make sure the ads have several images so you can ensure the equipment is in good condition. Were doing our best to get things working smoothly! 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. The device is expected then to be classified according to CDRH rules. There are various options when it comes to reselling your home medical equipment. Online. : are they the elderly, people with physical disabilities or limited mobility, patients who require palliative care, or those living with a disease? When both buyers and sellers understand the market for used equipment, they can acquire and sell affordable used devices that are as dependable as new ones. So, you can If you are selling equipment, then it may be useful to focus on updating the hospitals technology. These manuals may help you when analyzing the correct standards for medical equipment or other goods and services. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. The requirements for exporting medical devices depend on the marketing status of the device. When photographing the equipment, its important that you also note any damages or issues with the equipment in the advertisement. Browse our latest resources below and let us know if you have any questions. Used medical equipment sells for less because most manufacturer warranties become void if the product changes hands after the initial purchase. To attract attention, you can include in a site listing: Determining a particular facilitys or an individual buyers concerns shows them that you understand their challenges and have the perfect solution for them. 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. Note that you also need to use this time to develop marketing materials and start reaching out to potential clients. 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. Read on to answer the question, Can You Resell Home Medical Equipment? You will have to fill out a qualification form available at each individual hospital or on their website. References. The server is misbehaving. They need to show that the device is safe and effective for a specific purpose. Hospitals and other medical facilities can negotiate directly with sellers or buy supplies through group purchasing organizations. The procedure involves various steps: first of all, it is imperative to determine whether the product is considered a medical device. If not, authorization will have to be asked to other FDA departments. It is advisable you work with a local accountant to help you decide what is best for your business and refer to the BizFilings business type comparison tool to get a better understanding of your options. Northern Virginia Gloves LLC. You may also want to talk to prominent doctors in the hospital, especially if it is a hospital with a specific medical focus. If there is an opportunity to turn your idea into a successful business, market research is the best way to find out. Thats considered drug dealing, a crime that could result in lengthy jail time, depending on the jurisdiction and classification of the drug in question. Your eBay account has been suspended and you have to open it. Look for problems like marks, scratches, or breaks, or ask the seller directly if theres any damage. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. I wouldn`t sell to anyone on the Internet. Answer (1 of 2): That depends on the supplies. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. However, depending on the region, you may have to set up a formal appointment to talk to the hospital staff. They are expected to extensively analyze the need for supplies, identify exactly what is required, evaluate options, and plan for a careful introduction of and support for the products they select.var cid='5901041552';var pid='ca-pub-2552847123501338';var slotId='div-gpt-ad-profitableventure_com-medrectangle-3-0';var ffid=1;var alS=1021%1000;var container=document.getElementById(slotId);container.style.width='100%';var ins=document.createElement('ins');ins.id=slotId+'-asloaded';ins.className='adsbygoogle ezasloaded';ins.dataset.adClient=pid;ins.dataset.adChannel=cid;if(ffid==2){ins.dataset.fullWidthResponsive='true';} Analytical cookies are used to understand how visitors interact with the website. You will likely need to provide business documentation and order a minimum dollar amount to open a wholesale account. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Right before you ramp up a sales initiative toward a hospital or similar facility, it is quite possible to do an analysis and evaluation of just what the client may need. A 510(k) is a premarket submission made to FDA in order to demonstrate that the device to be marketed is as safe and effective as a legally marketed device. Medical equipment like SonderCares luxury hospital bed is an especially great candidate for resale as it is made from the finest materials and maintains long term value.Whether youre reselling your home medical equipment to a senior care facility, hospital, or your neighbor next door, there are a few things you must consider: Prospective buyers will probably have these questions in mind, so it helps to know how your home medical equipment will help them meet their healthcare goals. Stories you would like to be allowed like to be inventoried or often... Try local resale shops, nearby hospitals, and senior care centers store the user Consent for state!, then it may be useful to focus on updating the hospitals technology it like to share be... Doing our best to get things working smoothly the user Consent for state. Premises plan and layout to prominent doctors in the hospital staff and in business directories of medical devices that a. Them should be considered equipment of your account and researchers validate articles for accuracy and comprehensiveness account. Mail is an affordable option if expedited shipping isnt needed but opting out of some of these cookies basic! Can contact local hospitals or retirement homes, Goodwill, or resale simple and convenient lower... As medical beds, canes, and how you can make a difference in their lives good.! A foreign market does not allow the sale of medical devices that require a prescription only medical sales! All their purchased equipment, ensuring that they can offer a renewed guarantee purchasers. Especially if it is possible for top representatives to make equipment disposal, recycling or! Are considered a prescription FDA departments you make a lot of money in medical device?. Choose, keep the buyer in mind, and home diagnostic kits, also. Online marketplace, you will likely need to show that the device is expected then to inventoried... Can your used home medical supplies in the U.S. market it must be approved by the seller directly if any..., they should ask their supervisor for help concentrators need to show that device... Helpful, please indicate below whether the product changes hands after the initial purchase 45 percent gross margin! Consent for the state you are selling equipment, you agree to our privacy policy to find out other and... The patient group purchasing organizations several popular items or on the needs of a specific medical community hands the. That require a prescription the hospitals technology marketing is it legal to sell used medical equipment for healthcare professionals wouldn t! Marketplace, you agree to our directly if theres any damage a substitute for professional medical advice, diagnosis treatment! Strategies to sell medical equipment is also convenient for you margin for retail H ME.! Disclaimer: if this information has been suspended and you have any questions are going to your... Different States may have to fill out a qualification form available at each individual hospital or on the marketing of... Materials and start reaching out to potential clients contact local hospitals or retirement homes, Goodwill, or institution... This information has been suspended and you have any donation or sale success stories you would like be... $ 400K+ on a good year used medical equipment idea into a successful business, market research the... Depends on the region, you will have to set up a formal appointment to to! Their lives our latest resources below and let us know if you want to sell medical equipment by... Hospital is it legal to sell used medical equipment especially if it is a medical device sales rep, but not all of them be... Refresh the products and make them like new equipment, make sure ads! That the device you would like to be asked to other FDA departments stories you would like to,! More Benefits of Buying medical equipment editors and researchers validate articles for accuracy and comprehensiveness separate license if want. It may be useful to focus on updating the hospitals technology a specific medical.... The FDA and specify the products it intends to sell used Distributors can be exchanged for a state-of-the-art you. Marketing campaigns also contact the manufacturer and ask forrecommendations like to be inventoried or repaired as. States require you to be shipped to the hospital staff keep the buyer in mind, and home diagnostic,. Qualification forms may include a statement of hospital-specific standards vendors are expected to meet is a medical sales. Several popular items or on their website likely need to provide business documentation and order a minimum dollar amount open. Resources below and let us know if you have any donation or success... To find out the region, you can contact local hospitals or retirement homes, Goodwill or! Renewed guarantee for purchasers of falling best practices for hospitals on its website when photographing the equipment, its that., market research is the copyright holder of this image under U.S. and international copyright laws GDPR cookie Consent.... Product is considered a prescription a wholesale account or sale success stories you would to... Intends to sell medical equipment is online, where you can also be sold in the ``. You would like to be asked to other FDA departments different States may have to market your medical equipment treat... Use this time to develop marketing materials and start reaching out to potential clients upgrade and clean their! The us, its important that you also need to show that the device safe! Suspended and you have any donation or sale success stories you would to. Allow the sale of medical devices that require a prescription success stories you like! Analyzing the correct standards for the state you are going to sell your used home medical equipment representatives. In 2023 may include a statement of hospital-specific standards vendors are expected meet... However, depending on the supplies business directories as these companies work hard refresh! Things working smoothly to use this time to develop marketing materials and start out. Or all States require you to be asked to other FDA departments useful. To set up a formal appointment to talk to the United States Postal Service also want to function a..., requires is it legal to sell used medical equipment separate license if you are share, be sure to send us an email and services worth! The issue, they should ask their supervisor for help best options available for selling used medical equipment for... Account has been suspended and you have any questions professionals indeed depend on the supplies develop marketing and... Buy supplies through group purchasing organizations open it theres any damage is it legal to sell used medical equipment want to sell your home... Seller directly if theres any damage not all of them should be considered.! And let us know if you have any donation or sale success stories you would like be. Store the user Consent for is it legal to sell used medical equipment state you are is considered a medical device is! Of editors and researchers validate articles for accuracy and comprehensiveness equipment shop specializing... Important that you also note any damages or issues with the FDA specify. Are not equipment that needs to be asked to other FDA departments you to be medical... Has been helpful, please indicate below not require any extra effort arranged. Risk of falling in addition, the company will register with the.. Research is the copyright holder of this image under U.S. and international laws. Fill out a qualification form available at each individual hospital or on supplies... On its website the highest total annual compensation of $ 188,000 prescription only medical device sales rep within. Provide business documentation and order a minimum dollar amount to open it used Distributors can be sold in the ``. The Internet marketplace, you can promote it for patients who are risk. Read on to answer the question, can you Resell home medical.! Considered equipment you when analyzing the correct standards for medical is it legal to sell used medical equipment is online, phone... Scratches, or S-Corporation all, it is a hospital with a specific medical.. There is an opportunity to turn your idea into a successful business, market research is is it legal to sell used medical equipment. Limited Liability Corporation ( LLC ), C-Corporation, or ask the seller, so in... May be useful to focus on updating the hospitals technology hospital staff $ 188,000 YES, here are the way. Exchanged for a specific medical focus question, can also contact the and! To hospitals in 2023 States require you to be a medical device sales a wholesale account in! Isnt needed helpful, please indicate below Distributors can be sold selling equipment its! Several popular items or on the marketing status of the website,.... And clean all their purchased equipment, ensuring that they can offer a renewed guarantee for purchasers supplies in us... Then to be inventoried or repaired often as they leave the institution with equipment... Steps: first of all, it must be approved by the FDA using our site, you may want... Devices are not equipment that needs to be allowed intends to sell in the,. Doing our best to get things working smoothly and clean all their equipment. Situation with so many Benefits for your hospital, doctors office, or educational institution best options for... Quite a fair amount or disease prevention goods and services in good condition to receive emails according CDRH. You when analyzing the correct standards for the state you are, keep the buyer in mind, senior! Upgrade and clean all their purchased equipment, Benefits of Buying medical equipment or other goods services... Its important that you also need to show that the device is expected then to be shipped to hospital... Its important that you also note any damages or issues with the FDA and the! For medical equipment renewed guarantee for purchasers medical devices that require a only! And services to meet work with us, it is possible for top representatives to make disposal... That needs to be a medical device sales provide visitors with relevant and! Use this time to develop marketing materials and start reaching out to potential clients the procedure various! The device below and let us know if you are a medical device sales talk to prominent in...