Physical therapy involves having intense knowledge of the physical needs after an illness, injury or recovery from some intense medical treatment. Physical therapy is specially designed to improve mobility and strength as well as prevent any future injuries from occurring. The physical therapist utilizes a wide array of therapy equipment to help patients to recover and such equipment is often the biggest financial investment that the office of the physical therapist will make.
Physical therapists or those managing such offices should weigh the benefits and liabilities of leasing versus purchasing the physical therapy equipment. What is the best option for the physical therapist? Well, this will depend on your specific needs and the kind of equipment that you are considering to lease or purchase.
In case your practice is brand new, it would be advisable to try and maintain your costs as low as possible. As such, the option of leasing therapy equipment would be the best. This will alleviate the need of having a huge amount of capital that will help you avoid the initial cost of purchasing this equipment. Leasing enables you to keep your monthly costs at their lowest. However, practices that are more established may opt to purchase therapy equipment instead of leasing. This should be done with care since it would prove futile to invest in equipment that is bound to become outdated in a short while. So, in such cases, leasing would be the best option. You can ask your provider for advice on some reputable leasing companies. LeaseQ is one such company that provides fast and free quotations. Here, you can complete your application within two minutes and you have the option to return and reapply for the equipment that you would need.
Leasing equipment is indeed an affordable option. However, if you would still like to purchase the equipment, then you can take out a loan for the same. However, when leasing with LeaseQ, they offer a soft credit pull that has not effect on your credit score.
One major advantage of leasing is that you can try using new kinds of equipment without having to make the ultimate purchase. You can lease different kinds of equipment and see which one or type works best for you.
At LeaseQ you can also identify programs that offer equipment lease with the option of purchasing the equipment upon expiration of the lease period. This is a good way of purchasing the equipment that you need if you may not have the finances to make the purchase at the time when you need the equipment. You must determine the equipment leasing arrangement that is right for you.
Ensure that you have read and understood all the terms and conditions of the contract or rental agreement before going ahead with it. The choice of whether to lease or purchase therapy equipment should be based on both economic and non-economic factors. Make sure that you have considered all your options before making your decision. Know your office budget and determine which investments are most comfortable for you to make at the time. For more details on leasing therapy equipment, click here.