How to Simplify Your Next Medical Equipment Purchase

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Every medical office will need to purchase new equipment at some point during their operation.  When you’re caring for the health of your patients, you need to ensure you’ve got the best medical equipment you can get your hands on.  Finding and purchasing that equipment can sometimes be a challenge.

We’ve got some tips to make your next medical equipment purchase a bit simpler.

Know what you need. How much space do you have in your office? What’s your budget? If the newest piece of equipment is twice as big and twice as expensive as your current machine, you may want to consider another option. Take a look at your books and determine a budget that you’re able and willing to spend – it may even be beneficial to consider a used option.

Decide on a brand. Ideally, any medical equipment you purchase is going to last you a long time, so it’s critical to do some research on the different brands available for the type of equipment you are considering. Some brands may come with additional features and additional cost that you don’t need, and some may be notorious for breaking down shortly after purchase. Knowing the different brand options before you buy will be a big help.

Shop around. Check out local vendors first, as you’ll save on the costly shipping charges from purchasing online.  Find out what inventory is available and at what cost.  Once you have a baseline price, take it to the web – check out sites like Ebay.  The sites that have the higher volumes can usually work the best deals and save you money when you factor in delivery costs.

Secure the right financing. Many businesses find a medical equipment lease, particularly through an alternative lender like Direct Capital, to be more beneficial than outright ownership with a loan. For one thing, loans often require a significant down payment, something you will not have to bother with if you decide to go with a lease. Additionally, leasing ensures you will not be stuck owning a piece of equipment that has lost its value through depreciation.

What is the next piece of medical equipment you plan on purchasing?