What Is the Mark Up on Medical Supplies?

In general, medical care and pharmaceuticals account for 20 percent of gross costs, and as a result, even the slightest change in mark up guidelines could have a huge financial impact. Before switching markup methods or executing new surcharges, hospitals should model the impact on gross fees. Some people refer to the prices of certain types of medical devices as arbitrary and completely inflated. The Breg version looks good, like slings go.

I’m not sure if these soft full foam belts warrant a mark-up of around 900% over similar products. O’Leary advises customers to ask ahead of time for pricing and a cost estimate for all non-emergency tests and procedures, make sure everyone is on the network, check with your insurance provider to find out what they cover, and call a local medical utility company where you can purchase the equipment can probably get right for a lot less.

A manufacturer/supplier should have full confidence in his distributor and let him decide on the sales price.
The distributor knows best of the market, competition, tenders, expenses for delivery and storage etc.
The price for a certain product can vary from one customer to the other, from one deal to another.

This blog does not provide medical advice. It is intended for informational purposes only. Do not use it as a
substitute for professional medical advice, diagnosis, treatment, or disease prevention. Always seek the
advice of your physician or qualified healthcare providers for any questions you have regarding a medical
condition.
The views and opinions expressed on this blog are solely those of the original authors and other
contributors. These views and opinions do not necessarily represent those of Gabriel Nieves, LAC
Healthcare Solutions, LAC.us Staff, and/or any/all contributors to this blog/site.

References:

Gabriel Nieves

After experiencing a variety of shortages, crises, and inefficiencies in the status quo of the procurement and distribution industry, I undertook the responsibility of building an interface for large organizations to abstract away uncertainty throughout their supply chain under most conditions.

We are focused on building a framework from which our teams of professionals on the ground can provide a new generation of procurement support and professional services for supply chain critical organizations around the nation.

We understand that the marketing process of critical supplies is a matter of national security and public safety. In this, we found our passion and mission: developing technologies, supplier networks, and platforms for the organizations that need it most.