DOTmed Reports Explosive Growth in Online Medical Equipment Auctions

NEW YORK, Feb. 8 /PRNewswire/ -- DOTmed,  the world's leading public medical equipment marketplace, and the leader in online medical equipment auctions, is reporting strong  and consistent growth  in the use of its online auctions of used medical equipment  across all categories including hospitals. In a period of three months the company has seen the number of its auctions increase in three leaps with from 8,000 to 10,000 to 12,000 online auctions per month respectively.  Over the last six months online auctions at DOTmed are up 50%.  

DOTmed believes that the white hot trend upward in the number of its online auctions is not seasonal, an unusual spike, or an anomaly.  

"In healthcare word of mouth is important and what we're experiencing is a snowball effect," said DOTmed Founder and President Philip Jacobus. "Providers are learning about the benefits of DOTmed online auctions in fetching the best price, which requires the widest global exposure that our online auctions deliver.  With our expertise and enhanced services, that's an attractive proposition. We've found that once a facility successfully auctions with DOTmed they continue because they got what we promised," he continued.

Jacobus also stressed that this know-how and support is particularly important to hospitals that divest of larger volumes of diverse equipment,  expensive equipment such as diagnostic imaging machines, and complexes such as dedicated medical rooms.

Intermountain Healthcare Medical Equipment Surplus Supervisor Coby Hopkinson commented on his positive experience using DOTmed online auctions and services stating, "We were introduced to DOTmed in 2008. The president of the company flew out and went through a few of our facilities to look at some radiology rooms and angiography rooms that we were planning on upgrading and removing. Most of the vendors were looking to remove the room for free but DOTmed was able to sell the rooms via auction while still removing the rooms at no cost to our company."

Some 22 well known hospitals and health systems have recently teamed with DOTmed to repurpose their used equipment including Jackson Memorial Hospital, Baptist Riverside, JPS Health Network, St. Alexius Medical Center, Memorial Hermann Health System, Shands Health Care, and USMD Hospital at Arlington.  

DOTmed foresees steep online auction growth for a number of factors.  Notable among them is the trend toward more rapid product development cycles.  This creates patient demand for the latest technology, prompting providers to more frequently seek buyers for existing equipment.  DOTmed online auctions offer an important channel to sell used equipment at the optimum prices in order to help finance new equipment.  

DOTmed auctions are designed to provide optimum reach and efficiency with features and benefits which include:

• A worldwide pool of bidders, with many auctions won by bidders outside the U.S.
• A pre-approved bidder policy means only serious buyers are allowed to bid
• Greater payoff to healthcare facilities that see enhanced revenue since bidding drives up the sales price and realizes the true, fair market value of equipment.  DOTmed's more than 15,000 unique daily visitors provide the critical mass that makes auctions work
• Elimination of middlemen also helps the seller realize higher prices
• Methods whereby equipment is repurposed rather than liquidated

In a Full-Service Auction, DOTmed's Auction Team assists with:

• Evaluating the asset
• Inventorying and photographing the asset
• Posting the auction online and recommending pricing
• Negotiating with bidders
• Assisting with the de-installation, crating, shipping, insurance and export paperwork if needed

DOTmed's role in the process extends through payment collection where the company receives funds from the winning bidder and pays partners before the equipment leaves their facility. In addition DOTmed offers their Clean Sweep Auction Program™, which is designed to remove multiple idle assets from partner facilities.  DOTmed will take both salable and non-salable items with this service.

For more information about DOTmed and to learn about DOTmed Online Auctions visit www.DOTmed.com

About DOTmed

DOTmed is the world's leading public medical equipment marketplace, and the leader in online medical equipment auctions with more than 10 years experience.  With more than 115,000 registered users, DOTmed is revolutionizing the medical equipment marketplace through innovation, access and programs that serve buyers and sellers alike.  Visit us at www.DOTmed.com

SOURCE DOTmed