Med One Blog

After labor, the cost of medical equipment and supplies is the second-largest expenditure in your medical facility's budget. The average hospital owns or rents over 35,000 different medical devices at any one time. Managing these costs are the bane of many administrators' existence. On the one hand, medical facilities can only operate when they are financially secure. On the other hand, medical facilities cannot ethically or legally sacrifice patient safety. Here are four ways medical equipment acquisitions give you control over finances:

By Ibby Smith Stofer

Medical technology is the lifeblood of healthcare providers. They need to have tools to improve patient care, and they need the equipment when the patient needs it, not necessarily when the capital budget is free.

IV therapy has been used for decades and is still considered to be the fastest way to deliver medications and fluids to the body, as it yields a bioavailability absorption rate of 100%. However, even though syringe infusion pumps are highly effective, that doesn't mean that they're error-free. Like any other type of medical or hospital equipment, proper procedures must be followed to ensure compliance and alleviate risk.

When it comes to making sure a patient gets the right amount of fluid in his or her IV, there are two different methods: manually and by using an electric pump. Performing an infusion by hand requires a lot of work. You have to be able to accurately judge the amount you are administering and also periodically monitor the setup to make sure it is performing up to spec—and safely. For this and other reasons, many people choose to use smart pumps to get the job done. Getting the right amounts of IV fluid into a patient is not something that should be a matter of guesswork. Also, anything that can be done to lighten the load for nurses, who are often severely overworked, is an investment in peace of mind. Here are some of the reasons many professionals are incorporating smart pumps into their practices.

By Larry Stevens and Brent Allen
Interviewed by Ibby Smith-Stofer

After attending the Med One annual meeting, I realized I did not know the story behind Larry Stevens and Brent Allen founding their business even though I had known Med One for over 30 years. I had the opportunity to interview them and hear the story of how and why they founded Med One many years ago. I was especially intrigued to learn why they decided to focus on leasing in the healthcare market.

Infusion pumps have been in use since the 1960s. They deliver different types of fluids to the human body in a controlled manner. The efficiency of infusion pumps depends on their ability to deliver the fluids in precise rates and volumes at defined times. Therefore, if a pump deviates from its planned use, it can cause huge problems for the healthcare professional and the patient.

In the digital age, hospitals and other healthcare facilities rely on technological advancements to streamline operations and improve patient care. But while technology can increase convenience and efficiency in many ways, there are certain risks that come with embracing these innovations. As businesses across all sectors are finding out, it's essential to make cybersecurity an ongoing priority. Otherwise, your organization will be left vulnerable to a number of serious threats. Hospitals and other medical centers, for example, will need to take steps to protect themselves from the following high-tech dangers.

Hospitals and healthcare facilities rely on high-quality medical equipment to ensure patients receive the best care possible. But in some cases, purchasing that equipment may be prohibitive to achieving other essential goals. These organizations are expected to balance costs and other concerns without disrupting the patient experience. One way to accomplish this is through medical equipment rentals.

Whether you're experiencing medical issues for the first time or you're new to the healthcare field, you'll need to understand the essential role that infusion pumps play in patient treatment. Let's take a closer look at some of the most common questions surrounding infusion pumps.

By Ibby Smith Stofer

What if you had a medical condition that required you to undergo surgery and while you were recovering you received a bill for over $150,000? Or what if you had a heart attack and were taken by air ambulance from your favorite off-the-grid fishing spot? Would your insurance cover all of the bills, part of it, or none? How would you pay for any uncovered bills?