BidMed
BidMed provides cloud-based software (Helix suite) and services for managing the lifecycle and secondary market disposition of capital medical equipment, serving health systems, hospitals, ISOs, dealers, refurbishers, and OEMs across the US and Canada.
- Company typePrivate
- Founded2012
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What BidMed does
BidMed is a privately held Chicago-based company founded in 2012 that provides software and services for capital medical equipment asset management. The company's core offering is the Helix Software Suite, a cloud-based platform comprising Helix Mobile (an iOS barcode/photo capture app), Inventory+ (tracking verification for independent service organizations), and Workflow+ (lifecycle and disposition management for health systems). BidMed complements the software with the BidMed Exchange, an online marketplace supporting auctions, sealed bids, and buy-now pricing for secondary market medical equipment, as well as a Private Exchange for in-network health system transfers and GreenBook, a proprietary fair market value database updated weekly with over 1,000 data points.
BidMed serves four primary customer segments: health systems and hospitals (primary), independent service organizations (ISOs), dealers and refurbishers, and OEMs. The company monetizes through four streams: annual Helix software subscriptions, a 15% buyer's premium on marketplace transactions when the seller is a healthcare facility, professional services including on-site inventory reconciliation, FMV reports, and facility liquidation project management, and margins from refurbished equipment sourcing. Go-to-market combines enterprise consultative field sales with a freemium bottom-up motion via the Helix Mobile app and a Certified Refurbisher channel.
The company operates primarily in the United States and Canada, has served over 550 clients worldwide, and claims 2.5x faster inventory processing and 10x increased purchasing power as core value propositions. BidMed is incorporated in Illinois as BidMed, LLC, with co-founders Joanne Frogge (Co-founder & COO/President) and Patrick Kelly (Co-founder & CEO) leading the business. The company has no disclosed external funding and appears to be founder-owned and operated.
BidMed firmographics
Firmographics- Name
- BidMed
- Legal name
- BidMed, LLC
- Website
- https://bidmed.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BidMed provides cloud-based software (Helix suite) and services for managing the lifecycle and secondary market disposition of capital medical equipment, serving health systems, hospitals, ISOs, dealers, refurbishers, and OEMs across the US and Canada.
- Ownership category
- akta.pro rank
Where BidMed is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BidMed business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- Software Subscriptions: Subscription-based access to Helix suite products (Mobile, Inventory+, Workflow+) for inventory management, asset tracking, and disposition workflows. Annual or multi-year subscription plans with tiered access levels.
- Buyer's Premium on Sales: 15% buyer's premium added to purchase price when seller is a healthcare facility. No fee when BidMed is the seller.
- Professional Services: On-site inventory reconciliation services, facility liquidation project management, fair market valuation reports, asset disposition services, and capital replacement planning consulting.
- Refurbished Equipment Sourcing: Commission or margins on sourcing and facilitating the purchase of refurbished medical equipment for healthcare facilities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free buyer account for purchasing equipment at auctions and on the Exchange |
| Subscription | Annual | Premium Helix software subscriptions for inventory management and disposition |
| Transaction based/ take rate | Pay-as-you-go | 15% Buyer's Premium on facility seller purchases |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
BidMed product offering
Product offeringCore offering
BidMed provides a vertically integrated software, marketplace, and services platform for managing the full lifecycle of capital medical equipment. Its Helix Software Suite offers cloud-based inventory tracking, workflow management, and a mobile iOS application for health systems and independent service organizations, while the BidMed Exchange connects buyers and sellers in the secondary medical equipment market. Complementary professional services cover inventory reconciliation, facility liquidations, fair market valuation, asset disposition, refurbished equipment sourcing, and capital replacement planning.
Product overview
BidMed offers a comprehensive inventory software and services platform for capital medical equipment. The core Helix Software Suite is a cloud-based platform comprising three main modules: Helix Mobile (iOS inventory app), Inventory+ (tracking verification for ISOs), and Workflow+ (lifecycle and disposition management for health systems). The platform is complemented by the BidMed Exchange marketplace for secondary market equipment sales, including Private Exchange for internal health system transfers and Hospital-Exclusive Exchange for broader sales. The GreenBook proprietary database provides fair market value reports for disposition decisions. Additional services include inventory reconciliation, facility liquidations, asset disposition, refurbished sourcing, and capital replacement planning.
Differentiator
Problem solved
Functional benefit
Brands
- Helix: Comprehensive inventory software suite for capital medical equipment, including Helix Mobile, Inventory+, and Workflow+ components.
- GreenBook
- BidMed Exchange
- Private Exchange
- Special Events
Products and services
- Helix Software Suite Cloud-based inventory software platform for capital medical equipment covering acquisition, tracking, and disposition, sold to health systems and independent service organizations. The suite integrates Helix Mobile (iOS), Inventory+ (ISO verification), and Workflow+ (lifecycle management) under annual subscriptions.
- Helix Mobile Proprietary iOS mobile application that integrates directly with Helix online for on-site inventorying of medical equipment, featuring barcode scanning, photo capture, and real-time data sync. Available free on the Apple App Store to drive adoption.
- Inventory+ Cloud-based equipment tracking and verification management system enabling independent service organizations to manage and verify equipment inventory with comprehensive records, sold as part of the Helix suite targeting ISO customers.
- Workflow+ Cloud-based lifecycle and disposition management tool for health systems that connects team members and manages equipment workflows from acquisition to retirement across the full equipment lifecycle.
- BidMed Exchange Premier online marketplace for secondary market medical equipment connecting healthcare facilities, dealers, refurbishers, and OEMs with support for auctions, sealed bids, and buy-now pricing, including a Hospital-Exclusive Exchange tier for open sale between unrelated healthcare organizations.
- GreenBook Proprietary database of secondary-market values for modern medical equipment, updated weekly with over 1,000 data points, providing fair market value (FMV) reports to support disposition decisions, OEM trade-in validation, and strategic pricing.
- Inventory Reconciliation Services On-site professional services for healthcare facilities to create a comprehensive view of assets and a database maintenance plan, building inventory confidence and supporting accreditation survey preparation.
- Facility Liquidation Project Management End-to-end project management for hospital closures, facility expansions, and site moves, including asset assessment, buyer coordination, and removal of all assets from the site.
- Fair Market Valuation Services FMV reporting services that allow healthcare facilities to know the true value of their equipment, validate OEM trade-in offers, and avoid underselling assets.
- Asset Disposition Services Disposition services that help healthcare facilities retire assets and achieve higher returned values through alternatives to OEM trade-ins, leveraging the BidMed Exchange and Certified Refurbisher network.
- Refurbished Equipment Sourcing Sourcing service enabling healthcare facilities to stretch capital budgets by procuring quality refurbished medical equipment through BidMed's Certified Refurbisher network.
- Capital Replacement Planning Strategic planning service starting with a capital budget review, forecasting excess assets and developing a strategic investment recovery plan to maximize returns.
Quantifiable outcome
- 2.5x faster inventory processing speeds compared to manual methods
- +3 more outcomes
Companies that use BidMed
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
BidMed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
BidMed partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights4 records
BidMed competitors and assessment
Company assessmentDirect peers
- EquipNet: EquipNet provides asset disposition, valuation, and remarketing services across industrial and healthcare verticals. Its hospital asset disposition and FMV services overlap directly with BidMed's facility liquidation, FMV, and Exchange offerings.
- Block Imaging: Block Imaging is a major refurbisher and reseller of used medical imaging equipment (MRI, CT, X-ray), competing directly with BidMed's Certified Refurbisher network and Exchange. Both serve hospitals seeking to source refurbished capital equipment at material discount versus OEM pricing.
- TRIMEDX: TRIMEDX provides clinical asset management, medical equipment maintenance, and lifecycle services to U.S. health systems. It is a comparable software-and-services play for hospital capital equipment, focused on inventory visibility, utilization, and service optimization.
- Avante Health Solutions: Avante Health Solutions provides refurbished medical equipment, equipment management, and surgical services to hospitals and ambulatory surgery centers. It overlaps with BidMed's Exchange, refurbished sourcing, and asset disposition offerings.
- DOTmed: DOTmed operates one of the largest online marketplaces for new and used medical equipment, directly comparable to BidMed Exchange. Both platforms facilitate secondary-market transactions between healthcare providers, dealers, and refurbishers with listing, bidding, and auction functionality.
- Soma Technology: Soma Technology refurbishes and resells used medical equipment across multiple modalities, competing with BidMed's Exchange and refurbished sourcing services. Both target hospitals and surgery centers seeking 45-60% capex savings on capital equipment.
- PartsSource: PartsSource operates an online marketplace and procurement platform for medical equipment parts and service, similar in marketplace dynamics to BidMed Exchange. Both serve hospital clinical engineering teams with workflow software and transactional marketplace functionality.
Broad incumbents
- GE HealthCare: GE HealthCare is a major medical equipment OEM operating trade-in and remarketing programs that compete with BidMed Exchange for high-end imaging and capital equipment resale. As an OEM, it is a broader incumbent but directly overlaps on secondary market channels.
- Agiliti: Agiliti (formerly Universal Hospital Services) is a large incumbent provider of medical equipment management, rental, and lifecycle services to U.S. health systems. It competes more broadly than BidMed but overlaps on equipment management, disposition, and clinical asset optimization.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
BidMed social profiles
Digital presenceBidMed financial estimates
Financial estimateRevenue estimate
Valuation estimate
BidMed leadership team
Management profileNumber of profiles
Profiles2 records
BidMed funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BidMed M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BidMed
What does BidMed do?
BidMed provides a vertically integrated software, marketplace, and services platform for managing the full lifecycle of capital medical equipment. Its Helix Software Suite offers cloud-based inventory tracking, workflow management, and a mobile iOS application for health systems and independent service organizations, while the BidMed Exchange connects buyers and sellers in the secondary medical equipment market. Complementary professional services cover inventory reconciliation, facility liquidations, fair market valuation, asset disposition, refurbished equipment sourcing, and capital replacement planning.
Is BidMed a public or private company?
BidMed is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BidMed founded?
BidMed was founded in 2012. It employs 11 to 50 people.
Where is BidMed based?
BidMed is headquartered in Chicago, United States, in the North America region.
How does BidMed make money?
Four revenue lines are on record. Software Subscriptions are the primary driver. The others are buyer's Premium on Sales, professional Services and refurbished Equipment Sourcing.
Who are BidMed's main competitors?
Direct peers on record are EquipNet, Block Imaging, TRIMEDX, Avante Health Solutions, DOTmed, Soma Technology and PartsSource. Broad incumbents are GE HealthCare and Agiliti.
Does BidMed have an API?
No public API is recorded for BidMed.