subject: Saving Money By Renting Medical Equipment [print this page] Saving Money By Renting Medical Equipment
Today's healthcare provider must depend upon very expensive equipment to function and grow their practices and leasing is a common means of financing. As medical technology is ever changing and new equipment enhancements are developed, renting medical equipment is a logical choice for a variety of reasons. Medical equipment leasing can keep their balance sheet intact, as monthly equipment lease payments can be classified as operating expenses. This would also allow the provider to benefit from tax deductibility.
According to industry research, over $3 billion of medical equipment was leased last year in the United States. In its simplest form, the lessor purchases the equipment and then rents it to the lessee. At the end of the lease term, the lessee has the following choices:
Buy the equipment
Re-lease the equipment
Rent new equipment
Return the equipment
The worth of medical equipment does not come from owning it, but rather from the results of its use. With renting medical equipment, there are no large down payments so the lessee's capital reserve remains intact. Equipment is also more easily attainable than from bank financing, which requires extensive documentation and even personal guarantees. Most any piece of medical equipment can be leased, including CT scans, surgery tools, lab testing machines, x-ray machines, heart rate monitors, and sonograms.
Whether you need short-term renting or long-term leasing, Davis Medical can provide your practice with the best rental or lease plan for medical equipment. We will help you lease great medical equipmentquickly and without any hasslefrom our large inventory of new and refurbished equipment.
