One thing all medical practices have in common is the need for advanced, cutting-edge technology and equipment. To deliver exceptional medical services, adding and replacing your medical equipment to meet the needs of your patients is a given.
Why upgrade your medical equipment?
Acquiring the latest in equipment adds value for your patients immediately and can lead to improved patient care. New technology can also help improve efficiency and accuracy. Upgrading medical equipment can save lives
Choosing the right financing option allows you to pay for equipment updates over time in manageable installments. Your practice can begin offering expanded services right away while allowing you to pay for your upgrades with the additional revenue your new equipment generates!
The advantages of lease financing your medical equipment
A major advantage is in preserving your cash. Purchasing your equipment in full requires you to utilize your valuable cash or lines of credit. These sources of funds are critical to your day-to-day operations. Many businesses choose to lease finance medical equipment because it is a more affordable option in the long run. Leasing allows you to avoid large upfront costs, and you can often upgrade your equipment as technology advances.
You also have the option of terminating your lease agreement early if your needs change or the equipment becomes obsolete.
Medical equipment leasing companies like Madison Capital have a wide variety of financing options available, so you can find one that fits your budget. When you lease medical equipment, you are able to use it for its intended purpose without worrying about depreciation or repairs.
Leasing helps businesses stay compliant with government regulations, and it can also improve their cash flow and credit rating.
Here are four reasons why lease financing may be the best option for you:
1. Fixed rate financing
2. Less initial upfront cash required
3. Lower monthly payments
4. Possible tax benefits
Our medical financing team has decades of expertise working with thousands of businesses across the U.S., Canada, and Puerto Rico. We specialize in a wide variety of medical practices, including Ophthalmology, Radiology, Dental, GI, and Spine. Every organization is unique, so we take the time to listen before presenting options best suited for your needs. After discussing your specific situation, we can provide the best financing options for you.
Contact us today!