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4 Benefits To Renting Or Leasing Medical Equipment

Benefits To Renting Or Leasing Medical Equipment

Is your practice considering renting or leasing medical equipment? The two have distinct differences, but they offer benefits over buying in some circumstances. Gumbo Medical, LLC will break down the facts so you can make an informed choice.

  1. Renting offers the lowest commitment.
  2. Leasing is ideal for preset lending periods, with extension possibilities.
  3. Both can help save money.
  4. They’re an excellent option for ensuring up-to-the-minute technology.

1. Rent Medical Equipment For Short-Term Convenience

It’s best to rent medical equipment when the asset is only needed for a short period or when the company is uncertain about its future use. Essentially, renting is similar to leasing, but the contract signed is usually for a shorter time. Renters are not responsible for maintenance fees.

2. Leasing Gives You Flexible Purchase Options

Leasing lets you borrow the equipment for a preset period. Once that time frame is up, a new lease can be signed, or the previous one can be renewed. It can also be purchased after it ends. They also tend to include delivery, pickup, and implementation warranties.

3. It Can Be Cost-Effective To Rent Or Lease Equipment

Both can help medical practices save money. Not only is less money required upfront than when buying equipment, but lease options minimize repair costs should it fail or better gear becomes available over time. Taking this route allows practices to spread out the cost to minimize the strain on their budget. These payments are often tax-deductible, which lowers your overall cost.

4. Stay On Top Of Technology: Borrow Your Devices

Technology continues to get better, and this is especially true in the world of medical equipment. Borrowing gear can help providers stay ahead of the curve and ensure top-notch care. When rental and lease periods end (and sometimes beforehand), the equipment can be upgraded to newer models, creating greater patient comfort and diagnostics for care providers. Buying outright may mean that you get stuck using outdated equipment.

Top Cost-Effective Gear To Borrow

Certain types of medical equipment are more cost-effective when rented or leased. This includes expensive devices and furniture that frequently need updates to stay on the cusp of innovation.

  • Medical Furniture
  • Large Medical Devices
  • Ventilation Equipment
  • Exam Tables
  • Hospital Beds
  • Vital Sign Monitors

Rent Or Lease Medical Equipment For Cutting Edge Value

If you run a hospital or medical center and need an update, consider getting an estimate on a lease or rental service. From medical devices to hospital furniture, we can help keep your facility up-to-date and modern with all the latest technology. Contact Gumbo Medical, LLC today to learn more about our products and services.

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