Luke Monteleone | Medical Equipment Expert

CEO of Global Med Systems | Dad of 5 | 15+ years of turning used med equipment sales into your easiest revenue stream |$40M+ transacted in medical equipment

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

My refurbished medical sales business went from $7 million in 2023 to a projected $20 million by end of 2026.

Here's what changed:

In March of 2024 we acquired an online auction company in Florida.

That single move changed the entire growth profile of everything we had built.

Our original refurbishing operation in New York is profitable but nearly impossible to scale fast.

You need:

- trained technicians
- physical space in every new market
- years to build the right team from scratch

The auction model needed none of that.

Customers consign the equipment directly to us, we list it, we run the auction, we settle payment and forward within 2 weeks.

The fastest way forward is finding what scales without friction.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@JNJMedTech careers that should be talked more about:

ANYTHING medtech or medical device related

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@JNJMedTech A lot of people just throwing the term advanced next to things and it doesn't necessarily make sense.

This though, checks out.

I just want people to be conscious of the buzzwords

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@JNJMedTech If you don't know how to properly use the medical equipment, then you have no hope.

Hard truth maybe but a necessary discussion for this business.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Jose_Escondido @DutchRojas Point taken

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Keanekatkeane @Kylechasse AI plus human eyes is probably the best combination for medical devices to do their job

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Kylechasse I've been talking about this a lot.

If it works, why wouldn't we leverage it?

People need to start to come around.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@sciqst Bad for medtech?

Of course not.

Our course has just changed a bit in this specific case.

Efficiency in the beginning allows for more opportunity for tech in the middle of the treatment process.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@augsby Advanced medtech hopefully helps.

We want to be more efficient for and men and women in healthcare, so they are not going through this.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Medscape Diabetes goes up, CGM devices increase

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Medscape They get this score and then its easier to get GLP-1

Sounds like a logical next step to be taken

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Medscape And they say AI is taking every job

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@MattZirwas conscious Ai medical devices... scary stuff.

I mean we're far from that but its obviously entertaining to talk about

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@MayoClinic The medtech is there

Awareness isn't.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Berci AI is coming to medicine. Seeing it in medtech.

And people being uncomfortable isn't going to affect businesses being more efficient with costs.

They just aren't going to care.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@JordanAbbottMD Hot take.. and there's obviously a lot that goes into it, but better medical devices would help

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@Norlase Innovative solution for retina and glaucoma. Very sleek design.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@tlcauctionhouse Nice mix of medical equipment in this auction. Great opportunity.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@CentServGrp Seems like a great opportunity to get your hands on some medtech equipment.

[Luke Monteleone | Medical Equipment Expert @LukeMonte922]

@HGP_Auction Excellent lab upgrade options. These tools look like a great way to scale research capabilities affordably.