Empowered Patient Podcast

Medical Marketplace for Hospitals and Surgery Centers of Stale or Excess Inventory Saves Money Reduces Waste with Dr. Andrew Dold RevMed

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Sinopse

Dr. Andrew Dold, Co-Founder of RevMed, a B2B marketplace for hospitals and ambulatory surgery centers (ASCs) to address the problem of slow-moving or expiring inventory. This medical marketplace allows facilities to recoup lost revenue by listing medical devices for sale and offers purchasing options for smaller facilities. RevMed serves as a middleman, facilitating the interaction between facilities without taking custody of any items. The marketplace has an extensive database of millions of different SKUs and items, which are updated weekly. The goal of RevMed is to decrease the price of healthcare by getting as many facilities as possible to adopt the platform.  Andrew elaborates, "So, full disclosure, this problem came into light during my fellowship at NYU. I did a sports medicine fellowship a few years ago in New York City, and it simply started with me interacting with one of the representatives, the orthopedic representatives at my hospital. I wanted to get a few suture anchors to practice tying kno