Rent Versus Buying Medical Equipment

Rent versus buying medical equipment is a business decision that varies according to each practice’s unique needs and goals.  Practices will rent medical equipment as a test of actual usage before venturing into a particular service line.

Common reasons why medical practices rent equipment:

GE-OEC-9800-Plus for Rent

GE OEC-9800 Plus for Rent

  • Provide uninterrupted operations while equipment is repaired/recalibrated.
  • You have access to the most advanced technology to enhance patient satisfaction and produce positive outcomes.
  • Patients do not have to travel elsewhere to obtain specialized testing/care.
  • The equipment becomes obsolete before contract is fully paid.

As you make this decision, you should consider the following:

  • Does the equipment need repaired/replaced frequently? 
    Renting may be a viable option for equipment if it constantly has to be replaced/repaired.
  • How quickly will the technology evolve? 
    Renting may be the best option for equipment that evolves rapidly.  Practices then do not over-invest in technology that could quickly become obsolete.
  • What types of costs are associated with maintaining the equipment?
    Ongoing costs are a barrier for some practices and in a rental arrangement, the vendor may absorb many of these costs.
  • What are your goals?
    Renting is a less risky approach if you want to measure demand for a particular service.
  • Do you want flexibility?
    Renting offers the maximum flexibility to be able to make changes.
  • What is your financial picture?
    Can you afford to absorb a significant up-front cost?  Can you attain a line of credit?  What expenses will you incur in the near future or would your operating capital be better used for a different purpose?

Contact our Technician Specialists to discuss Pacific Healthcare Imaging’s Rental Program.

 

Pacific Healthcare Imaging