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Why It Is Good To Rent Medical Equipment

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 different kinds of machines in use at medical facilities. MRI's, CT scanners, X-ray, heart monitors and ultrasound machines are the most common types of equipment in hospitals. These machines are very expensive and a hospital with financial problems cannot acquire them. Therefore, the renting option is perceived as the best.

Aside from purchasing a machine, there are several other options for acquiring the necessary appliances. Equipment financing is just but one of the many options. Big companies and financing corporations, when approached, have the ability to finance such acquisitions. Another option is hire purchase where a medical facility is required to pay a certain installment every month but this amount may still be too expensive for a healthcare facility to afford.

The renter will be required to pay periodic rental fee; this may be once a month, every three months or annual basis. There are minimal or no restrictions at all regarding the use of the machine. Provided the financial terms of the agreement are met, the renter has all the freedom of use. The machine can also be rented for as long as the client affords, or until it reaches its end of life.

Different service providers have different service rates. Therefore, a potential customer has to work extra hard to learn more about the rates offered by different lease companies. It is expensive to rent new appliances compared to second-hand machines. The good news is that they can still work as efficiently as new ones. Prior to renting a used appliance, it is important to consult with experts so that you can make an informed decision.

Because the Internet is widely available, leasing companies can be found with ease. The Internet is full of information available on social media, blogs, online forums, company websites and many other sites. You may need to run a quick search to identify the most appropriate company. Potential customers should read the reviews including the available offers in order to make informed decisions. Ideally, lease companies that charge the lowest rates and have good reputation should be considered.

Renters need to make a decision on whether to rent new or used machines. Obviously, newer items cost more, but pre-owned machines are just as effective. This decision needs to be made at the management level with expert advice. The pros and cons of each of the two options must be weighed before a decision is made.

Rented machines must always be insured. This is because they can be damaged while in use. The owner may lay the blame on the renter, but the item does not belong to the latter. Most firms require renters to pay insurance premiums to cover the machines they are renting. In case of damage or loss, the insurer will replace or repair the item and compensate the renter for the downtime.




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