Wednesday, August 28, 2013

A Guest Post from Andrew Deen about Med1Online

In 1996, Scott Carson of Med One noticed an issue with the way capital medical equipment was bought and sold. The healthcare industry lacked a one-stop shop for its equipment. The process of sourcing new equipment and reselling refurbished equipment was too convoluted. Carson created U.S. Medical, Inc. to solve these problems.

"The capital medical equipment industry is very fragmented," Carson said. "It's a $60 billion industry with about 20,000 manufacturers and 10,000 distributors. Most of those distributors are one guy working out of his home or a small office with two or three sales people. We set out to consolidate the industry."

The industry responded favorably. In its infancy, U.S. Medical, Inc. and its five employees operated out of Carson's basement. Within five years, the company employed over 100 people and had moved to a 22,000-square-foot office and a 55,000-square-foot warehouse and service facility.

In addition to providing all lines of new and used medical equipment, U.S. Medical, Inc. also sources training, service, installation, site preparation, financing, and leasing. The company also leads the industry in Internet distribution.

Within its first five years in existence, U.S. Medical, Inc. and President Scott Carson of Med1Online were nominated for several prestigious awards. U.S. Medical, Inc. grew from a five-person office with no appreciable capitalization to a 100-person operation with over $1 million in sales. Renowned business leaders were impressed with U.S. Medical, Inc.'s atmospheric rise to success in the healthcare industry. In 1998 and 1999, U.S. Medical, Inc. was named to Entrepreneur Magazine's Hot 100 list of fastest growing small businesses.

In 2000, Carson was named as a regional finalist for the Ernst & Young Awards and was accepted into the Micro Enterprise Hall of Fame, created by SUBWAY co-founder Fred DeLuca.

To learn more about U.S. Medical, click here.

Andrew Deen is the community for Med1Online and is based out of Denver, Colorado.

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