When it comes to medical equipment, the cost is a major factor to consider. Used medical equipment can be an excellent option for nurse practitioners just getting started in their own practice as well as established practice owners.

The upside to purchasing used equipment is that you can save money without sacrificing quality.

Used medical equipment can be a great way to save money, for both NP just starting their practices as well as established practice owners. 

Depending on the type of equipment, used devices can cost up to 50-80% less than their brand-new counterparts. Additionally, when purchased from reliable vendors, used medical equipment is often just as reliable and effective as new equipment.

Before you make that purchase…

When you are thinking about purchasing used medical equipment, there are several things you’ll want to consider to ensure you are getting the best product for your needs. Not all of these items are applicable to each item, as it depends on your needs. However, there are several things to consider.

• Certification and Safety Standards: Some items will require certification by the appropriate regulatory bodies.
• Maintenance and Service Records: Again, depending on the product, you’ll want to make sure that the items have been appropriately serviced and maintained.
• Warranty and Returns: This is especially true when purchasing from a vendor and not an individual purchaser. What happens if you find there is an unexpected problem or it does not meet your expectations? Can you return it? Will you get a refund?
• What’s the age? It goes without saying that something gently used is going to be a better buy than something that has been extensively used and is near the end of its lifespan.
• If possible, you’ll want to physically inspect the item for visible damage, wear and tear.
• Just how functional is it? If possible, test it out.
• Brand reputation? Some items will have a better reputation for function and longevity, as well as resell value. Or or it may have a reputation of being a “lemon”.
• Price. It always pays to shop around and make sure you are getting a fair price.

Where to Purchase Used Equipment and Supplies

There are several options when it comes to purchasing used medical equipment and supplies and not all of these options may be available to you depending on your location or what you are looking for.

Consider the following options.

• Online marketplaces. This may include eBay, Craigslist, and Facebook Marketplace. You can often find equipment and supplies near you or a vendor who is willing to ship them to you at a reasonable price.
• Used Medical Equipment Warehouses. These businesses often not only have the larger items you need but may also have equipment technicians who have tested out the equipment and even refurnished the equipment as well. If the warehouse is close to you, you may be able to visit and look over the equipment carefully. Sometimes these businesses will offer some sort of return guarantee as well.
• Medical supply companies may have deals on used or even floor demo equipment available to you.
• Visit trade shows and conventions. In addition to all the latest and greatest, you’ll often find vendors who specialize in refurbishing and selling used equipment.
• Medical equipment rental companies. Just like car rental companies, these companies may offer a deal on used equipment, especially when they get ready to upgrade to a new model.
• Local healthcare facilities. Hospitals and clinics often sell their used equipment when they are upgrading, remodeling or downsizing.
• Local providers who may be remodeling, merging, or even closing their doors may be selling their equipment and supplies.

Another consideration, not so much for medical equipment but for the office supplies you might need is the various surplus vendors in your area. Some states may offer used equipment such as filing cabinets, chairs, desks, bookcases, and the like when they remodel.  In fact, I was able to pick up excellent chairs for my waiting room at our state surplus store at a fraction of the retail price.

Summary

Summary

Medical equipment and supplies can be a hefty chunk of your budget when you are starting out. It’s prudent to consider purchasing used, as you can pick up incredible deals on well-cared-for equipment.

It helps to make a careful shopping list of what items you need that can be purchased and used. You’ll find it helpful to do your research first about life span and problems with a piece of equipment. And then make sure you shop around.  Ask lots of questions and if you can examine an item firsthand, make sure you get images that show all sides. 

Purchasing used equipment is a great way to save money and stretch your budget further.

Your Turn

Have you purchased used equipment and supplies in the past? What was your experience? Please share in the comments below.

More Resources

• Catch up on all the NP Business Matters podcasts here.
• Check out the Nurse Practitioners in Business Facebook Group
• Become a Member of the NPBO™
• Ready to start your own practice?

Connect with the Podcast

You can find the NP Business Matters Podcast on popular podcasting platforms:

• Apple Podcast
• Stitcher
• Spotify
• Google Podcast
• iHeartRadio
• Amazon Music/Audible
• Pandora
• And others. You’ll also find us in your favorite podcast player.

And as always, please subscribe, leave a rating, and share with your colleagues.

If you have requests for topics and/or guests, you can leave us a comment below, or anonymously fill out this form.