That’s where leasing comes in. In this article, we’re going to take a look at the challenges facing healthcare providers in this rapidly changing landscape and how leasing can provide a solution to keeping up with technological advances.
In recent years, the medical world has witnessed major advances in technology and how it can be used to benefit patients. From robotic surgery to 3D imaging, advances are changing rapidly to deliver the best care yet.
While the benefits of these technological advances are far-reaching, they can prove to be challenging for owners of healthcare facilities.
The sheer pace of change means it’s difficult to know what new technology is even out there. And that’s not to mention the cost of updating equipment on a regular basis – so that you can offer your patients the best service – and maintaining it all too.
A flexible and modern solution is required that embraces all these changes and enables the healthcare provider to balance offering the ultimate in patient care with making the best use of resources.
Leasing is becoming an increasingly popular way to confront these challenges head-on.
Just like with any other item, leasing medical equipment is a transparent and straightforward process. You can simply lease an item of equipment for a specified period of time and return it at the end of your contract or renew if appropriate.
The first, most obvious benefit of this arrangement is that you don’t need to find a huge sum of money to buy the latest piece of kit, instantly freeing up cash flow.
This financial freedom allows you options to focus on the very reason why your business exists: medical care. So that means you can direct your investment into staff, training, marketing or updating your premises – whatever your current priorities happen to be.
And leasing allows you to make payments on a regular – typically monthly or quarterly – basis, so your outgoings are predictable and manageable.
You may also find that leasing, as opposed to outright purchasing, brings with it tax benefits. A financial advisor will be able to verify this according to your individual circumstances.
Maintenance can also be built into contracts, simplifying the way you keep your equipment in optimum condition and taking away yet another distracting task and cost.
And, of course, let’s not forget the benefits leasing the latest equipment bring to your top priority – your patients. Leasing enables you to offer them the most recent, most sophisticated equipment that can help diagnose them faster and more accurately or the most effective treatment for their condition.
Clearly, if you’re considering leasing medical equipment, you will need to think carefully about the downsides too.
When you lease over a long period of time, you may find that you end up paying more than the equipment is actually worth. And once you’ve signed a leasing agreement, then you’re tied in.
This shouldn’t normally pose a problem, but if the service you offer changes mid-contract, you might end up with equipment that you’re paying for but don’t use.
Whichever way you choose to source the latest medical equipment, you’ll need to weigh up the pros and cons. But it’s easy to see why more and more healthcare professionals are turning to leasing to enable them to offer their patients the best possible experience.
As long as you plan carefully, consulting with an experienced and trusted partner, you can be confident that you will be making the right decision for your business and, most importantly, your patients.
Partner with GRENKE to find the perfect leasing solution for your healthcare business. With a long track record in the field, we can work with you to find the right equipment solutions for you.
We work with medical, nursing, dental, therapy and veterinary healthcare professionals to find cost-effective equipment solutions that help make their care the very best it can be.