Maximizing Asset Returns in the Medical Equipment Rental Industry
In the competitive landscape of medical equipment rental, optimizing asset returns is paramount to success. By effectively managing your inventory, ensuring timely equipment availability, and delivering exceptional customer service, you can maximize revenue and minimize losses. Key Focus Areas Real-Time Inventory Tracking: Gain complete visibility into your equipment’s availability, condition, and usage history. This enables […]
FDA & HIPAA Compliance Requirements for Medical Device Rentals
The medical device rental industry is rapidly evolving, especially with growing regulatory demands surrounding FDA and HIPAA compliance. While FDA requirements focus on device safety and effectiveness, HIPAA compliance applies not only to the data collected by devices but also to the tech systems used by rental companies to manage operations. Understanding these regulations is […]
Does Your Medical Equipment Rental Software Serve Your Needs?
In the medical equipment rental industry, staying competitive and efficient means relying on software that can streamline operations, manage inventory, and meet the demands of both patients and healthcare providers. With the global medical equipment rental market projected to reach $64.07 billion by 2027, and hospitals spending an average of $1.4 million annually on equipment […]
10 Best Practices to Optimize Your Medical Device Rental Inventory
In the medical device rental industry, having a properly optimized inventory is crucial for the viability of your business. Ineffective inventory management can lead to reduced efficiency, increased costs, and, most importantly, compromised patient care. Here are essential best practices to help your medical device rental business achieve full inventory optimization: 1. Focus on Specific […]
Are You Effectively Serving Your Hospice Clients?
As a medical device equipment rental company, you play a critical role in supporting hospice care providers by ensuring they have the tools and technology necessary to deliver compassionate end-of-life care. With the demand for hospice services on the rise, your ability to meet their unique needs efficiently can make all the difference. Are you […]