Strategic Sourcing Department Wins Twin Awards for Used Equipment Sales
By reselling surplus medical equipment in 2018, Kaleida Health’s Strategic Sourcing department was not only able to recoup more than $80,000 in revenue, they took home both a Financial Sustainability Gold Award and an Environmental Sustainability Silver Award from Centurion Service Group. Centurion, our third-party vendor, is the largest used medical equipment auction house in the world.
“Kaleida Health policy ADM.21 covers the decommissioning of medical equipment,” said Director of Strategic Sourcing Michelle Fiebelkorn. “Our mission is to determine the useful life and value of existing medical equipment, coordinate how to salvage or resell old equipment, and replace it as needed. It’s great when we can also raise money for the hospital system in the process.”
Kaleida Health received the Financial Sustainability Award with sales revenue of $84,212.28. “Being awarded gold level is an achievement in responsible asset management as a solution to the challenges surplus equipment can pose as well as contributing to the resale of medical equipment to underserved communities the world over,” said Centurion Service Group CEO Erik Tivin in a statement.
The Environmental Sustainability Award recognizes the nation’s top hospitals for efforts to reduce environmental harm by liquidating surplus medical equipment at auction, thereby extending the lifetime value of the equipment and making surplus medical equipment available for continued use. Kaleida Health prevented 388 of pieces of equipment, equaling 10,800 sq. ft., from ending up in landfills in 2018.