Medical facilities like hospitals and clinics are not limited to addressing wounds and diseases. Aside from curing and preventing diseases, another important task that they need to address is monitoring the condition of the patients. Thus, there is always a constant need for medical devices such as monitoring equipment. Medical equipment that focuses on monitoring the condition of the heart, lungs, brain and other organs in the body are a must for any medical institution.
Providing the correct diagnosis and medication is also dependent on the results of monitoring devices. Thus, there is always a need for this kind of product. However, due to the fast development and the price of these devices, it is impossible for some medical facilities to cash purchase the product.
There are many reasons why a medical facility management must finance monitoring equipment whether they will lease or rent them. If you own a hospital or clinic, you need to understand the difference between these two options in order to decide which would be able to address your needs. Delaying the decision to address this need is not a good idea as this type of equipment assists critical patients to stay alive.
There is a big difference between renting and leasing. Although both options allow you to use the product for a period of time, leasing is more preferable for hospitals and clinics as the minimum leasing period is at least 6 to 12 months. As for renting, you will only have around a month or two to own and use the product. Thus, a leasing contract helps you in keeping your monthly costs low for a longer period. Unlike renting, those who choose to go for the monitoring equipment leasing option can acquire free repair and maintenance services. In addition, storage space will never be a problem in a hospital with monitoring devices that are outdated since you can return the equipment at the end of the lease or make a final payment such as a $1 buyout at the end of the lease. Tax exemption is also given to those who use this option as the leasing budget can actually be redirected as operational costs. For those who do not have enough capital to lease their monitoring devices, they can actually look for a financing company who can help them.
Although leasing is less than the cash purchase option, many are still unable to complete the needed amount for a leasing contract. If you are one of those people, you can start asking your dealer to recommend dealers in that niche or going to LeaseQ and getting a free instant quote. LeaseQ offers free and fast services to help find the equipment lease that's right for you. They also help in finding the perfect financing company for the monitoring equipment financing needs of the medical facility.
To see if you qualify for monitoring equipment leasing, click here for a free quote.