For medical device companies, leasing is one, if not the only way that most organizations dealing in medicine or patient care can afford to provide top quality services using the best medical devices available in the market today.
With medical device leasing or financing, medical device distributors or patient care organizations can be sure that the medical facilities they supply or operate respectively have quality equipment and devices to cater for every patients needs while at the same time keeping their overheads low. Medical devices are very expensive but no facility can function without them. That's why most facilities choose to either go for medical device leasing or medical device financing. Medical device companies often offer financing and leasing options that the client can consider. It is best to go with one that offers a soft credit pull that has no impact on your credit score.
Besides the obvious cuts in overhead costs, medical device leasing can be very beneficial to medical organizations in the following ways:
Most leases are considered tax deductible thus reducing the equipments' net cost.
The payments made on any leased equipment are treated as an expense therefore it does not depreciate over any extended term.
The organization leasing the equipment often has to grow and require new and more advanced equipment. With leasing, the terms are flexible in that the organization can add or even upgrade the equipment anytime they deem it fit during the lease term.
With the current rate of technological advancement, leasing allows an organization to be dynamic and respond quickly to the necessary changes and upgrades without a long due process that would otherwise need to be followed in the case of cash purchases.
With any leased equipment, the options at the end of the agreed term are very flexible. The lessee can either choose to return the leased equipment, purchase it from the company leasing it out or simply extend the leasing period as deemed fit.
Just like leasing, medical device financing also has its various benefits. These are not that different from the benefits of leasing but they warrant mentioning all the same:
The financing process is faster and much easier than getting a loan. Organization can avoid the pain of presenting cash flow projections, client lists, large down payments and compensating balances.
Leased equipment often does not require any down payment - which essential qualifies them as 100% financed.
Financing expensive equipment as medical devices often are is a good way to keep the organizations monthly costs low.
There are a myriad of reasons why most medical device companies are opting for leasing or financing when it comes to medical equipment acquisition. To see if you qualify for medical device leasing or financing click here for a free quote.