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Managing Your Medical Equipment Through Inventory Control Strategies

Aug 28th 2015 at 2:00 AM

If you’re working at a hospital in a department that has anything to do with inventory, then you must have, at least once, faced a situation where no one knew what was in the stores. Inventory management is a very important tool that should be employed in any and every business so that expenses can be optimized and money is saved in the process. Medical supplies are very costly as it is, and wasting monthly budget because of lack of an organized inventory can prove to be disastrous.

Here are a few things you should develop and practice if you are working with the inventory department of a medical equipment rental company, or a hospital, or any other medical business. First off, make it a practice to revise the prices of each and every equipment used by the hospital, on a monthly basis. Prices keep changing, and it will help you to keep track of what is costing more and what is not. It aids in rearrangement of funds for the equipment and balancing expenses between products with reduced prices and the ones with inflated prices. Ignorance in this regard may end up making your hospital budget run dry before all the needs are met.

Prioritizing medical equipment is also a very important job that helps in focusing funds on something that is actually required. Your hospital may not need new extra beds, however it may be so that more crutches or wheelchairs are needed. It may be so barometric devices are not required as much as surgical equipment. It is thus important to list out priorities so that all the urgent requirements are always fulfilled.

There is also some equipment that is seldom used at hospitals or clinic but still ends up in fresh stock on the shelf each month. This habit is highly questionable – it ends up in wasting funds that would otherwise have been employed in useful things. It is unwise to call up a hospital bed rental company to send more beds when a surplus is already present in the hospital inventory. It is downright wasteful. The same case is applicable to medicines used by doctors, like painkillers and anaesthesia. It will be required to properly check expiration dates and keep a track of it electronically on a software based database so that it is known when a replacement is needed.

It is advisable to turn to medical equipment rental services in Virginia for the equipment that is not required frequently at the hospital. When such a patient gains admittance who requires special equipment during the entire treatment, then the rental company can be contacted to deliver on a priority basis. Having the equipment already purchased but rusting away in the basement storeroom will only increase expenses on the part of the hospital. Pathology laboratories are the ones where it is justified to own all the diagnostics equipment.

These things being said, the patients which require home medical equipment for a limited period of time should opt for rentals, hands down.

To know about Virginia medical supplies, visit

About The Author

Reese Williams is an expert on the subject of financial management for healthcare institutions. He also likes writing informative articles and blogs, helping SMEs and private clinics in getting the best of technology without drilling a hole in their pockets. He recommends as the best name to trust for any kind of medical equipment rental in Virginia.

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