Financial Results from Leasing Medical Equipment

Lease Medical EquipmentThe medical profession is always changing, so in order to remain competitive, providers must constantly upgrade their equipment. . Leasing solves the problem of cost because no down payment is needed, therefore allowing the provider to retain thousands of dollars of capital. With a lease, the equipment is owned by the leasing company. The practice makes payments to the leasing company in exchange for being able to use the equipment (i.e., essentially rental payments). Leases can be closed-ended, where the provider holds the equipment until the end of the leasing term and there are also open-ended leases, where at the end of the lease term a predetermined amount is paid to the leaser, and the practice attains ownership of the equipment. Lease periods usually range from 24 to 60 months, so there is a great deal of elasticity to upgrade the equipment.
There are many advantages to leasing medical equipment. There are no down payments, the application is relatively simple, and no restrictive borrowing contracts. Leases provide 100% financing with low rates for those with good credit. You usually get an option to buy the equipment at the end of the lease term at a stated amount. Almost any piece of medical equipment can be leased, such as x-ray machines, CAT scan machines, physical therapy equipment, computers, examination tables, lab equipment, and even waiting room furniture. Because of the many advantages of medical equipment leasing, providers are able to give the highest quality care to the public.

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