Benefits of Leasing Your Medical Equipment Needs
Like businesses of all types and sizes, healthcare organizations also have issues concerning equipments especially since this field requires being in constant harmony with technology. However, financial constraints may put off the purchase of new equipment during the low times of economic downturn. The great outlay of cash presents and creates challenges for business operations of today’s healthcare providers.
On the other hand, for those who have money to purchase, they do not have time to wait for it to come to the market. A doctor from Jakarta, Indonesia, where shipping quality equipments poses great challenges which includes getting scammed especially if you are a first-timer stated, “The longer you wait for something, often the more of a problem it becomes. This holds especially true when it comes to anything medically related. Whether you’re a doctor, dentist, or a vet, you require certain machinery to better take care of your customers and ultimately fulfill your duties in the greatest capacity. So, why wait for that equipment when you can lease it?”
Equipment leasing has been the solution for most healthcare providers. For many medical practitioners, equipment leasing is the most viable option for obtaining the equipment required without spending much money.
1. 100% Financing
- A lease does not often require a down payment. Healthcare providers can use the money that should be used for down payment to buying more important needs or reinvest in business.
2. Equipment Upgrade
- Leasing allows you to upgrade your equipment giving your patient a chance to experience high-quality health care and prevent complaints and loss of patients. On your part, it can keep you from obsolescence since you can do the upgrade after the end of your leasing period
3. Flexible Payment Options
- Your leasing company is flexible in terms of the payment options. You both would have to compromise to the need and most beneficial option for both. There are also typically three flexible options at the end of a term. The lessee can return the equipment, purchase the equipment from the leasing company or extend the lease for an additional period of time.
4. Asset Management
- A lease provides the use of the technology solution for specific periods of time at fixed payments. The leasing company assumes and manages the risk of technology ownership. At the end of the lease, if the healthcare provider elects to return the technology, the leasing company is responsible for the disposition of the asset.
5. Tax Deductions
- The IRS does not consider certain leases to be a purchase, but rather a tax-deductible overhead expense. Therefore, medical practices can deduct the lease payments from income, thus reducing the net cost of the lease.
Medical equipment leasing is extremely popular with x-ray machines, intraoral scanners, or even software systems because of how expensive it can be up front. Rather than taking a big chunk of change directly out of your budget, you can have Axis Capital Group pay for that lump sum, while you focus on doing what you do best: Taking care of your patients.