Why Rent Medical Equipment Instead Of Buying

By Lila Bryant


In the past, the business world has been conflicted on whether to rent or purchase equipment. Both options have pros and cons that any business entity should consider. In the medical field, there are more advantages in renting than purchasing. In that regard, there are several reasons to rent medical equipment.

There are many types of machines that are used in the healthcare industry. Some of the most popular ones include MRI, X-Ray, CT Scanner, Ultrasound and heart monitors among others. Most facilities do not have the financial muscle needed to procure these items. Therefore, renting is considered a suitable option.

Besides purchasing medical appliances, other means of procuring these machines are available. Equipment financing is a very popular option. Big corporate bodies and financiers have the ability to step in and assist medical institutions to purchase the necessary machines. Hire purchase is also another viable option, but a healthcare facility may have insufficient funding to carter for the monthly charges. Purchasing second hand appliances is also a good option since they are usually cheaper.

The terms of renting a machines are usually highlighted on the rental agreement. The rental fee is the most important element of such a contract. As long as you continue to pay the annual, quarterly or monthly rent, you can use the machine without any restriction. The renting period varies from one renter to the other, but it depends on the life expectancy of the machine as well as they nature of the works.

Rental charges vary from one company to another, so a rational client may want to compare the rates charged by different firms. A company that has both new and used machines would charge different rates of rent, where new machines are offered at higher rates compared to used ones. It is always advisable to learn more about the rates before making a decision.

Medical equipment leasing companies are readily available on the Internet. The different platforms including social media, medical blogs, leasing company websites and forums among others sources, can be accessed with easy by many people. Running a simple search is all a client needs. The ones with good reputation and good offers should be given the top priority. Companies that offer affordable prices should be strongly considered.

Before a prospective client considers renting second hand or new machine, there are a number of things that need to be kept in mind. For instance, second hand items give the desired results just as a new machines. However, the healthcare facility needs to consult with experts to ensure that the machine actually works before procuring it.

Any machine that is rented should be insured since there are risks associated with using and possessing these high value items. A reputable insurer will cover the machine against loss, damage or theft. In case of any of these occurrences, both parties to the contract will be compensated by the insurance company. The premiums quoted by insurers for this type of coverage should be compared to ensure that the most affordable insurer is chosen.




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