As you set out to obtain the most up-to-date medical equipment for your practice, you have several different options: financing, leasing or cash payment. Each of these has its own unique benefits.
Among the greatest benefits of medical equipment leasing is the fact that it enables you to keep up higher standards of quality in the care you give to your patients. Because you are able to more easily upgrade to new, up-to-date equipment, your patients can rest easy knowing that they will constantly have access to top-of-the-line technology through your practice.
Medical leasing doesn’t only cover equipment, either. For example, the kinds of EMR (electronic medical records) software alone that you can benefit from through leasing is a huge benefit to any private medical facility. This software helps you to more efficiently keep track of all of your patients and their needs. Any medical records that you need can be accessed and updated instantly, which will save you a significant amount of hassle in your administrative tasks that you need to complete on a regular basis. When new software versions come out, you can easily upgrade.
Financing your equipment and software is a great long-term option if you have machinery or equipment that does not go out-of-date quickly. For example, you may choose to finance pieces of expensive office furniture or other equipment upgrades to your facility because you know you will be using and owning them for many years. It wouldn’t make sense to lease this type of equipment, as you won’t upgrade nearly as often.
Cash payments are a great option for less expensive pieces of equipment as they will help you to avoid paying interest and going through the approval process required for financing. This is also optimal for equipment of software that you know you will be using for long periods of time. The down side is that you may have to take a chunk out of your savings to make the initial payment.
At Fidelity Capital, we provide full financing and leasing services for soft costs. Contact us today for more information about how your medical facility can benefit from our services.