Is it better to lease or to buy medical devices?

As you prepare to furnish your office with all of the necessary equipment and latest medical devices, you will need to decide if you want to lease or purchase your equipment outright. These big-ticket items aren’t cheap, and many of them are needed to run a successful practice. From EKG machines to stress test systems, all of your basic tests will require the latest devices and equipment to ensure accuracy and efficiency in making diagnoses.

It is important to figure out which type of payment works best for your practice so your attention can go toward your patients instead of your practice’s bottom line. What works best for one office may not work at all for another. Look forward to your plans for the future as well as your finances and see which option is the best fit.

So what are some benefits of each option?

Purchase

  • Tax incentives – Some device makers may have tax incentives to help make purchasing a big-ticket item more affordable.
  • Lower cost in the long run – If it is an item that you will use for a long time, purchasing the device will prove to be more affordable in the long term.
  • Use equipment on your own terms – There are not any regulations or rules regarding how to use equipment when you own it.

Lease

  • Stay up to date – Technology is always changing. Leasing will allow you to upgrade when new technology comes out without requiring you to take a large financial hit.
  • Less maintenance – The company that owns the equipment will handle maintenance and repairs, taking the worry off your plate.
  • Lower up-front cost – You can choose a payment plan that fits your budget.

Take a look at the selection of devices and furnishings at Medical Device Depot and see what devices you may need to add to your office.

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