4 Tips to Consider When Buying Medical Equipment
There are a number of variables to consider when looking to buy medical equipment. To begin, you should determine whether to lease or buy the equipment. Here, you have to decide which option will make economic sense for you.
From here, it's time to get the equipment. Below is an overview of what to consider:
i) Be smart when taking financing
If you are planning to take financing to buy or lease medical equipment, be smart. Most people think that buying in case is the best route to go. However, in the medical industry, there may be other smart ways of approaching financing. When you pay for equipment in case, your working capital may significantly be cut into. This may make your practice unable to carry out other projects in line.
You can also take a loan to purchase medical equipment. However, it is important to evaluate the terms of the financing to ensure you are getting a fair deal. In particular, check the interest you will pay as well as the total cost of the equipment you would like to buy. Know more about tetra financial.
ii) Consider warranty
Majority of healthcare vendors offer their equipment with warranty contractors. Choosing equipment that is offered with warranty is important to get the best value for the money. When the equipment I under contract, hospitals can avoid expensive service costs that may be incurred in case of breakdown.
In most cases, the warranties are offered as part of the purchase price. Therefore, make sure you find out about the warranty options offered for the equipment you wish to purchase. Go through the contract warranty.
Some vendors may charge extra for equipment warranty. In most cases, these warranties are worth the extra fees.
iii) Equipment Space
With new equipment expected at your practice, you should know where they will be stored. Consider the unique needs of your medical practice. For example which areas will be suitable to host the equipment? Consider the location as well as additional costs that may be incurred for renovating the area to accommodate the equipment. Typical costs to consider include plumbing and electrical costs.
iv) Equipment delivery process
Consider how the vendor will deliver the equipment you wish to buy. Ideally, you should choose a lender that offers direct-to-site services. The vendors should ensure your equipment is delivered on time and at the right place. To gain more knowledge about medical equipment leasing, go to http://www.ehow.com/info_8105202_financial-assistance-medical-equipment.html.
The above are four things to keep in mind when looking to buy medical equipment. Visit our homepage if you want to learn more about medical equipment financing.