What Should You Know About Medical Equipment Financing

Every year, countless medical facilities across the country grapple with insufficient funding. Unfortunately, the need for vital medical equipment does not slow down just because funding does, and these facilities still need medical equipment to provide patients with essential care. 

For facilities in this situation, medical equipment financing may be the solution. We look at a few of the positive benefits of financing equipment. You can also get an idea about medical financing through Clinical Education & Credentialing.

Low Upfront Cost

One of the primary factors keeping hospitals and practices from getting new medical equipment is the initial cost. For these groups, the first thing to know about medical equipment financing is that the upfront cost is significantly lower than purchasing equipment outright. 

This not only ensures you are able to get new equipment into the facility but that funds will still be available for other needs, such as services and building upkeep.

Flexibility and Consistency

Some hospitals may be wary of equipment leasing because of the idea of being caged into a long-term lease. However, leasing plans are typically flexible and customized to the needs of the hospital. 

For instance, there are plans available that allow you to defer the start of your first monthly payments until funds are available.

Biomedical Services

One of the greatest benefits of leasing medical equipment is the technical support that comes from the manufacturer or from Med One. Because Med One directly works with equipment vendors, we are trained to work on some of the most popular equipment based on the manufacturer’s guidelines.

This means our medical equipment services will help you acquire the equipment you need and help repair it to the highest standards to ensure hospitals have less equipment downtime.