Tag: Medical Equipments

Medical Equipment’s

Due to budget constraints, many small healthcare organizations are unable to invest in new medical equipment. Larger hospital face the same scenario.Anddue to major technological advancements, their equipment may become unnecessary and their ROI becomes negligible. In many cases, outdated equipment is replaced with much more advanced versions. At a time when the small hospitals are struggling financially due to increased man power cost, electricity cost, and heavy bank loans, the cost of new medical equipment may put them under a lot of pressure and strain financially.

A solution to this problem is to lease your medical equipment. That way the lessor can earn finances while the lessee can use it to meet his hospitals needs. A lease is a form of financing in which the owner of an asset i.e. the lessor temporarily transfers the right to use of an asset to another party i.e. the lessee. The main advantage to leasing is that it provides a substitute for ownership. The party that leases also gains from not having to spend valuableresources on the equipment. The process of leasing has been in use for centuries in different forms. Many hospital owners prefer to lease equipment as an alternative of buying it and financing it with a loan. The leasing of medical equipment functions just like a loan.

A smaller hospital may be sending its patients to a bigger hospital because they cannot afford an MRI machine or CT scanner. Such small hospitals can definitely increase revenue by leasing used medical equipment. Bigger hospitals who might have replaced these machines with more advanced versions, can easily earn finances by giving this machine, which is no longer of use to them to the smaller hospital. Through this process, the small hospital not only gets the equipment at a? lower cost than its original price but also have? the option of buying the equipment at the end of the lease at a very low cost. For the small hospitals,leasing is extremely profitable as it doesnt involve major cash flow, the hospital owner can pay for the equipment in bits and at the same time also cater to the needs of his patients.

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