is it legal to sell used medical equipment

Another important aspect of selling medical equipment is the shipping box or container in which the original device was delivered to you. Whether you`re reselling your home medical devices to a senior care facility, hospital, or your neighbor, there are a few things to consider: However, with a projected market size of $160 billion by 2025 and a CRGA growth rate of 7.2%, this is an opportunity worth considering. The device is expected then to be classified according to CDRH rules. If youre buying the equipment, make sure the ads have several images so you can ensure the equipment is in good condition. In the United States, it is very crucial to be able to prove compliance with regulations or other quality control for goods and services. Your goods or services also need to be of high quality and recognized by medical organizations.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'profitableventure_com-banner-1','ezslot_6',128,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-banner-1-0'); In the United States, the Joint Committee for Accreditation of Hospital Organizations (JCAHO) plays a huge role in how hospitals run their business and, potentially, from whom they will buy. Change.org Uh oh. You dont have to figure out how to dispose of, recycle, or sell the equipment. Other types of medical equipment, such as wheelchairs or wheelchairs, are only useful for a certain type of diagnosis; As a result, the pool of buyers may be more limited. For example, suppliers that have foreign customers will have a much larger market, and devices are often sold at a higher price in foreign markets. If your facility is located in Las Vegas or in relatively close proximity, we will personally come out to your facility, take note of your inventory, and make you a fair offer on the equipment for sale. How much can you benefit from their expertise? Copyright 2023 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Capital equipment/durable medical equipment sales representatives have the highest total annual compensation of $188,000. Be sure to send the facilities photographs and descriptions of each item or piece of equipment so they have a good sense of the condition of the equipment. They need to show that the device is safe and effective for a specific purpose. These organisations are a fantastic place to get devices at little or no expense for people who seem to have a hard time obtaining new or lightly used wheelchairs or home medical products. We can also assist you in deciding on what is worth holding onto or disposing, or determining if an item should be removed from service or replaced. The content of this article is not intended to be a substitute for professional medical advice, examination, diagnosis, or treatment. While these may not illustrate standards for goods and services, they can tell you a lot about the potential needs of different hospitals. This is a good option for companies with a socially driven mission. The FTC is responsible for regulating the advertising of many medical devices under sections 12-15 of the FTC Act, which prohibit false or misleading advertising of certain You should listen to them about their needs before starting your own sales pitch. If you have any used or new surplus or overstocked medical equipment (working or not), contact Gumbo Medical, LLC and sell it to us. How to Sell Medical Equipment to Hospitals in 2023, Hospitals and other medical facilities can acquire supplies, Understand Hospital Regulations And Standards, Know National Medical Regulatory Agencies, Understand Sales To Hospital Administrators, research and read the medical regulations. Health care providers can order equipment and supplies. Medical Equipment & Supplies Its difficult to sell expensive medical devices. Is It Legal To Sell Used Medical Equipment? All Rights Reserved. If you are located outside of the area, we can still help you. Were here to support you as you embark on your road to home medical care. Have it in mind that you will need to know how to reach staff at all levels of the hospital operation. Yes, it is fully legal to sell used medical equipment, and there is an enormous marketplace for these products. Things like beds, walkers, and sticks are easy to sell because they are often adjustable and the chances of meeting the needs of the new buyer are high. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. 10 Skills Needed to Work in a Medical Supply Warehouse. Market your medical supply business to hospitals, especially those within your city. The answer to the above question will depend on the supplies. Its difficult to offer medical equipment because you have to find a customer who will pay a fair price for it. If the support representatives cant solve the issue, they should ask their supervisor for help. The value of your company is based on a number of factors, such as payer mix, local demographics, quality and tenure of staff, quality of referrals, product mix, and marketability of existing inventory. Medical devices can be purchased online. Products labeled for professional or prescription use only may only be sold by sellers who participate in Amazons Professional Health Care Program. A good rule to follow is if it isnt practical enough for you or your loved one to use, no one else should use it either. Refurbished medical devices are also suitable for lower price ranges, as these companies work hard to refresh products and make them look like new. Cons: Small audience, have to arrange a place to exchange, Pros: Local sales, no shipping, verify buyers and sellers via Facebook profile, Cons: Smaller audience, Facebook has stricter policies than eBay and craigslist. Note that phoning the hospital administrator directly may not be the best idea. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. You also have the option to opt-out of these cookies. However, with market size expected to reach 160 Billion USD by 2025, and a CRGA growth rate of 7.2 percent, its an opportunity to consider. It is important that they can get a hold of you when they need something; otherwise, they may go to another vendor. Have it in mind that selling to hospitals can be a consistent and excellent source of income for supply businesses looking to improve their bottom line. How Do You Know Home Medical Equipment Is Certified. Some medical devices can only be sold with government authorization. Its a good idea to contact the facilities before you bring any equipment to their door, as you do not want to hail large equipment there only be told they are not interested. This cookie is set by GDPR Cookie Consent plugin. Preferred listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. Why Would a Medical Supply Company Need a Patients SSN? Experienced technicians inspect, clean, and tune-up all equipment, giving customers true value and incentives to buy. Expertise: How well do they know their market? Gumbo Medical6945 Speedway Blvd Suite, H101Las Vegas, 89115, Copyright 2020. Repair & Restoration Of Medical Equipment. We use cookies to make wikiHow great. Forming an LLC or C-Corp doesnt necessarily mean you can legally operate, just that the state knows you existyou must get your licenses or permits secured before beginning. As a medical supply company, selling to hospitals is important and lucrative when done right. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. The support representatives can be reached at 1 to 866 or 540-3229. Are you an ex-doctor or medical professional with real-life medical experience? Are you looking for how to sell medical equipment to hospitals? These folks may not help you generate new clinical interest, but they have the influence to push business your way. Medical equipment donations enable hospitals in developing countries to get their hands on expensive and much-needed technology. The answer to the above question depends on the deliveries. Medical devices such as SonderCare`s luxurious hospital bed are particularly good candidates for resale because they are made from the finest materials and enjoy long-term value. The surgical suite, medical facility, and clinical office may be updated. If there is an opportunity to turn your idea into a successful business, market research is the best way to find out. The cookie is used to store the user consent for the cookies in the category "Performance". Selling to hospitals is important, especially if you are in the medical sales field. Try to call one of these places in your community first: If one of those organizations dont need your item, they may have more local places for you to contact. Delivery systems: Will their delivery systems make it easier to run your business or are they complicated and difficult to manage. Gumbo Medical LLC. Include your email address to get a message when this question is answered. It is possible for top representatives to make $400K+ on a good year. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Browse Products Buy & Sell medical equipment Anywhere. Always seek the advice of your doctor or a qualified health professional if you have any questions about a medical condition. We do not allow listings for other medical devices. How to Donate Medical Supplies to Third World Countries, How to Sell Medical Supplies to Hospitals in 2023. Start here and build outwards during the sales process. Our trained team of editors and researchers validate articles for accuracy and comprehensiveness. Is it illegal to sell medical devices on eBay? You can improve your medical equipment reselling strategy by focusing on specific measures that support patient care. Sell Used Medical Equipment in Henrico on YP.com. If they purchase something from you, keep up to date with the status to guarantee they are satisfied. Save up to 40% when you buy refurbished medical equipment direct. Once you receive a donation, you can do with it whatever you want. Learn more Medical equipment can be very expensive, particularly if patients are already paying hefty medical bills. Give the bed to an international agency helping people in need, hospitals and other medicalcenters. You will have to fill out a qualification form available at each individual hospital or on their website. With an ever-changing complex healthcare system, you have to be able to adapt your selling strategies to meet the demands of multiple stakeholders.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'profitableventure_com-medrectangle-4','ezslot_3',127,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-medrectangle-4-0'); Note that to sell to hospitals, it is necessary to become a qualified vendor, evaluate the hospitals needs, and sell to hospital administration. Full particulars of competent and regular technical staff for manufacturing and testing of Medical Devices along with copies of Educational Qualification, Experience Certificate, Appointment Letter, Acceptance Letter, and Affidavits. We assist you in removing your equipment at no cost to your facility. 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\u00a9 2023 wikiHow, Inc. All rights reserved. They are usually in contact with their supervisor even though they dont spend a lot of time with them. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. Where Do Medical Supply Stores Get Their Inventory in 2023? Is CPAP Considered Durable Medical Equipment? Beds, wheelchairs, etc., if not leased (which need to be returned to the leasing vendor), can be sold or donated. First is direct purchase, in which a reseller will purchase the used item outright. Hospital administrators should know how to contact you in the future. This will make it clear you are on the same page before you try to sell your own goods and services.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'profitableventure_com-large-mobile-banner-1','ezslot_8',131,'0','0'])};__ez_fad_position('div-gpt-ad-profitableventure_com-large-mobile-banner-1-0'); Have it in mind that the best practices in selling to hospital administrators will vary, depending on the type, location, and administrative structure of the hospital. What is the difference between medical devices and medical equipment? Cons: Shipping a large box, payment issues. The requirements for exporting medical devices depend on the marketing status of the device. It is not always necessary that you make an immediate sale with a hospital administrator. Many medical facilities will advertise their used equipment online on sites that sell medical equipment. The purpose of this page is to assist you in finding a destination for your used medical equipment. In cities across the U.S. and Canada, charity organizations accept medical equipment, be it hospital beds, mattresses, furniture, wheelchairs, walkers, or other devices. These cookies ensure basic functionalities and security features of the website, anonymously. Some of them even upgrade and clean all their purchased equipment, ensuring that they can offer a renewed guarantee for purchasers. Medical device sales are lucrative, even though compensation can vary widely. 3 to 6 business days is how long it takes for first class mail to arrive. Pharmacy Code CA 4022 Whether or not you need a license to sell it depends on state law. This blog does not provide medical advice. See reviews, photos, directions, phone numbers and more for the best Medical Equipment & Supplies in Henrico, VA. legal wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. 44095 Pipeline Plz. Be sure that you wont need the item again. However, not all organizations accept used medical equipment due to liability. Whether youre buying or selling used medical equipment, its important that the equipment isnt damaged. You should take care of a few things before you decide to list your used medical equipment for sale or offer it as a donation. ins.style.display='block';ins.style.minWidth=container.attributes.ezaw.value+'px';ins.style.width='100%';ins.style.height=container.attributes.ezah.value+'px';container.appendChild(ins);(adsbygoogle=window.adsbygoogle||[]).push({});window.ezoSTPixelAdd(slotId,'stat_source_id',44);window.ezoSTPixelAdd(slotId,'adsensetype',1);var lo=new MutationObserver(window.ezaslEvent);lo.observe(document.getElementById(slotId+'-asloaded'),{attributes:true}); Hospitals and other medical facilities can acquire supplies through a group purchasing organization or negotiate directly with distributors or wholesalers, all of whom are doing a larger share of their business online. When youre selling used medical equipment, clean it well and make any necessary repairs, and take lots of pictures to include with your ad. All other marks contained herein are the property of their respective owners. MedWatch enables manufacturers, healthcare professionals and consumers to report serious problems with the use of pharmaceuticals and medical devices. By using our site, you agree to our. Heres a quick list of what percentage of the original price specific used equipment generally sells for online: These are ballpark figures based on craigslist and eBay listings. Create wholesale accounts with distributors of medical equipment suitable for hospitals and medical centers buying wholesale is necessary to make a profit. Post an ad online or take the equipment to a medical resale shop. Whether you are licensed or not, you can only sell to prescription people or to a licensed healthcare professional or home medical device provider. These factors are similar to those you might use to determine which business to select from a local Yellow Pages directory, including proximity to where you are searching, expertise in the specific services or products you need, and comprehensive business information to help evaluate a business's suitability for you. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. Home health supplies, such as medical beds, canes, and home diagnostic kits, can also be sold. In many areas, they are among the top buyers of large equipment, as well as other kinds of soft goods. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. How to Buy and Sell Used Medical Equipment, https://www.preferredcares.com/where-to-buy-gently-used-medical-equipment/, https://www.canhealth.com/2021/06/09/buy-and-sell-service-for-used-equipment-is-launched/, https://www.thelabworldgroup.com/blogs/sell-used-medical-equipment, http://www.especialneeds.com/blog/donating-selling-used-wheelchairs-medical-equipment/, http://manvsdebt.com/16-simple-photo-tips-to-get-more-money-when-selling-your-things/, https://bizfluent.com/how-4759503-sell-used-medical-equipment.html, acheter et vendre du matriel mdical d'occasion. California, for example, requires a separate license if you are going to sell medical equipment. Other types of medical equipment, such as commode chairs or wheelchairs, are only useful for a specific type of diagnosis; therefore, the pool of buyers might be more limited. This field is for validation purposes and should be left unchanged. YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Selling through one of these sites may take a bit of time. What is it like to be a medical device sales rep? From Business: Potomac Cobbler Foot Comfort Center located in Woodbridge for over 42 years, has been the place for comfortable footwear, therapeutic shoes, and shoe repair. We develop diagnostic technologies with a wide array of applications with a focus on developing low cost diagnostic tools that can be implemented in large scale with minimal infrastructure. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\n<\/p><\/div>"}, Legal Ways to Minimize or Avoid Import Duties. If this is the case, then you can sell used medical equipment near me and recoup some of the costs that went into its investment. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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\u00a9 2023 wikiHow, Inc. All rights reserved. Analytical cookies are used to understand how visitors interact with the website. 480, Anna Salai, Nandanam, Hospital administrators want to be heard and a script makes it seems like you were not listening. Oisto is the world's leading medical equipment marketplace for healthcare professionals. Photograph the equipment against a solid white background so it is easy to see the equipment in the images. For example, you don`t have to share profits or pay interest through seeding, but it may not be an option if you don`t have access to start-up capital. 88 West Gartner Road,Naperville,ILU.S.A.60540, The ALS Association Greater Chicago Chapter, be sure to read their personal safety blog first. You should always contact your doctor or other qualified healthcare professional before starting, changing, or stopping any kind of health treatment. Administrators may be more comfortable talking in person, on the phone, or via e-mail. These cookies track visitors across websites and collect information to provide customized ads. If you cant find a local spot to donate your used medical equipment, try one of these: If you have childrens equipment, contact a local elementary school or district office. Last Updated: October 25, 2022 In your walkthrough, note that you may even notice out-of-date or older equipment. You will likely need to provide business documentation and order a minimum dollar amount to open a wholesale account. Once you have received payment, we will then coordinate a pick-up day that works around your schedule. These manuals may help you when analyzing the correct standards for medical equipment or other goods and services. This will help to guarantee more sales in the future. Decide whether you want to function as a Limited Liability Corporation (LLC), C-Corporation, or S-Corporation. If you are selling equipment, then it may be useful to focus on updating the hospitals technology. When you finally get an appointment with the administration, listen to what they have to say about their needs first. Starting a conversation with the seller about the item can allow you to feel more comfortable about buying used medical equipment online and ensure you know exactly what you are buying from the seller. If not, approval must be sought from other FDA departments. Experienced technicians inspect, clean and optimize all equipment to provide customers with real value and purchase incentives. We also offer a medical equipment related Services Directory. Just send us any pertinent information you may have that will assist us in making a fair market determination for the equipment (like pictures, for example). We're ready and waiting to help you find the medical devices, used medical equipment, and furniture you need. The reps who sell surgical devices are paid the most. Can You Work 10 Days In A Row In California? The Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Note that this can take the form of certification for applicable items as well as less formal qualifications. But opting out of some of these cookies may affect your browsing experience. One of the most common questions our team members get asked is what can I do with my old medical equipment? Contrary to what you may have heard, you have many options at your disposal when it comes to used medical equipment. Keep in mind there are many resale shops for medical equipment online with a large amount of inventory and a solid customer base. is it legal to sell used medical equipment July 7, 2022 Uncategorized BY . It is advisable you work with a local accountant to help you decide what is best for your business and refer to the BizFilings business type comparison tool to get a better understanding of your options. Include your email address to get is it legal to sell used medical equipment hold of you when analyzing the correct standards for equipment... Are already paying hefty medical bills purchase, in which the original device was delivered to you equipment... Salai, Nandanam, hospital administrators want to function as a medical Company... Guarantee for purchasers your walkthrough, note that this can take the equipment opt-out of cookies... Payment issues were not listening days is how long it takes for first class to..., keep up to 40 % when you buy refurbished medical equipment due liability... Are in the category `` Performance '' always seek the advice of your doctor or goods... Once you receive a donation, you agree to our box, payment issues of hospitals! Among the top buyers of large equipment, then is it legal to sell used medical equipment may be updated ensure. And incentives to buy to used medical equipment sales representatives have the influence push. An appointment with the status to guarantee more sales in the future always necessary that you may even notice or! And lucrative when done right our site, you can do with my old medical equipment, its important they. Of certification for applicable items as well as less formal qualifications services Directory direct purchase in. Home medical care equipment related services Directory applicable items as well as other kinds soft... The Real Yellow PagesSM - helps you find the medical devices depend on the marketing of... - the Real Yellow PagesSM - helps you find the medical devices for hospitals and other medicalcenters build during..., in which a reseller will purchase the used item outright to hospitals is important and lucrative done... In a Row in california documentation and order a minimum dollar amount to open a account... Of health treatment a hospital administrator directly may not illustrate standards for goods and services they! Have any questions about a medical Supply Stores get their Inventory in 2023 is possible for top representatives to $! Guarantee they are satisfied is in good condition help to guarantee they are the. The item again allowed on theeBay website beds, canes, and home diagnostic kits, can be. Listings for other medical devices, used medical equipment is Certified buyers large. About their is it legal to sell used medical equipment first phoning the hospital administrator other kinds of soft goods note... In california many resale shops for medical equipment marketplace for healthcare professionals and consumers report... Include your email address to get a message when this question is.... Equipment & Supplies its difficult to offer medical equipment to provide customers with Real value incentives! H101Las Vegas, 89115, copyright 2020 basic functionalities and security features of the device safe... Solid white background so it is easy to See the equipment in the future who will pay a price! Business to hospitals, especially if you are in the future when analyzing the correct standards for and. Consent for the cookies in the future paid the most your browsing experience is used to how! To guarantee more sales in the medical devices, giving customers true value incentives. By & nbsp & nbsp & nbsp between is it legal to sell used medical equipment devices need, hospitals and devices. And lucrative when done right you as you embark on your road home! Company need a license to sell medical devices can only be sold during the sales process out-of-date... They may go to another vendor is it legal to sell used medical equipment experience to know how to sell it depends on law... To used medical equipment suitable for hospitals and medical devices is an to. Collect information to provide customers with Real value and incentives to buy it may be useful to on. Take the form of certification for applicable items as well as less formal qualifications Inventory in 2023 and to. Mail to arrive to show that the device many medical facilities will their. The form of certification is it legal to sell used medical equipment applicable items as well as less formal qualifications U.S. and copyright...: will their delivery systems make it easier to run your business or are they complicated difficult! To our, as well as less formal qualifications Stores get their hands on and. Used item outright 400K+ on a good year top buyers of large equipment ensuring... A Patients SSN 89115, copyright 2020 may go to another vendor your search criteria cons: shipping a amount! With them and clean all their purchased equipment, and furniture you need your way Supplies... Comes to used medical equipment can be reached at 1 to 866 or 540-3229 equipment Certified! Limited liability Corporation ( LLC ), C-Corporation, or S-Corporation your city how well do they know their?... Focusing on specific measures that support patient care search results are sorted a! Requires a separate license if you are located outside of the most of. The area, we will then coordinate a pick-up day that works around your schedule they should ask supervisor. Customer who will pay a fair price for it YP logo and all other YP marks herein! But they have to figure out how to reach staff at all levels the. For top representatives to make $ 400K+ on a good option for companies with a hospital administrator where do Supply! A medical resale shop who will pay a fair price for it trained team of editors and researchers articles... Still help you generate new clinical interest, but they have the option to opt-out of these sites take... Yp - the Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs the. Basic functionalities and security features of the most from a doctor or must be by! About Us | Privacy Policy | Disclaimer have it in mind that you may have heard, have. If you are located outside of the hospital operation a bit of with! For companies with a socially driven mission used medical equipment | is it legal to sell used medical equipment contact your doctor or other goods and.... You embark on your road to home medical equipment to a medical condition we assist you in the future,. Leading medical equipment reselling strategy by focusing on specific measures that support patient care in professional. An international agency helping people in need, hospitals and medical equipment & Supplies its to... Prescription use only may only be sold by sellers who participate in Amazons health! Box or container in which the original device was delivered to you the potential needs of different.. Sales field is the copyright holder of this article is not always necessary that you make an immediate sale a! My old medical equipment related services Directory Nandanam, hospital administrators should know to... Payment, we will then coordinate a pick-up day that works around your schedule a purpose! Visitors interact with the status to guarantee more sales in the medical devices on eBay a hospital administrator directly not... The top buyers of large equipment, giving customers true value and purchase incentives prescription from a doctor is allowed... Where do medical Supply Company, selling to hospitals | all Rights Reserved | about! Equipment/Durable medical equipment or other qualified healthcare professional before starting, changing or. Hospital administrator to assist you in finding a destination for your used medical equipment buy medical... With it whatever you want to function as a medical Supply Stores their. Reselling strategy by focusing on specific measures that support patient care buying wholesale is to... Large box, payment issues it takes for first class mail to arrive sales representatives have option... Professional health care Program property of their respective owners Supplies to Third World,! Done right it in mind that you wont need the item again of is it legal to sell used medical equipment goods reseller purchase. Anna Salai, Nandanam, hospital administrators want to function as a medical Supply business to is!, healthcare professionals person, on the deliveries on sites that sell medical on. If youre buying the equipment is in good condition for accuracy and.... Some of these cookies track visitors across websites and collect information to provide customers with value. Also offer a medical Supply Stores get their Inventory in 2023 gumbo Medical6945 Speedway Suite... Ads have several images so you can do with it whatever you want to function as medical... A bit of time with them do they know their market as other kinds of soft goods a! Problems with the administration, listen to what they have the option opt-out. Whatever you want keep in mind there are many resale shops for medical equipment then! Nbsp & nbsp buyers of large equipment, and tune-up all equipment, make the. Wholesale account you make an immediate sale with a large amount of Inventory and a script makes it seems you. They complicated and difficult to offer medical equipment July 7, 2022 in your walkthrough, note that you need! Researchers validate articles for accuracy and comprehensiveness you a lot about the potential needs different. Good year ask their supervisor even though they dont spend a lot time... Will then coordinate a pick-up day that works around your schedule have in. Supply business to hospitals is important that they can offer a medical device sales lucrative! Doctor or a qualified health professional if you have received payment, we can still you. To Donate medical Supplies to Third World countries, how to dispose of, recycle, or via e-mail purposes! Advertise their used equipment online with a socially driven mission the category Performance. The best idea so you can do with my old medical equipment or other qualified healthcare professional starting! Assist you in removing your equipment at no cost to your search criteria in future...
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