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 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.

Rates usually vary from one company to the next, so prospective renters need to shop around to compare what different firms have to offer. When renting new machines, the rates may be high but second-hand machines are usually more affordable, and they work just fine. Ideally, prospective renters should obtain quotes from several companies and compare what they have to offer.

Finding companies that lease these machines is not hard because most of them have a strong online presence. They are available on social media, blogs, forums, websites and many other electronic platforms that are easily accessible to consumers. Therefore, a few clicks is all that is needed to find the right firm. Those with the best reviews and product offerings should always be given strong consideration. Reputable firms that quote the lowest prices need to be prioritized.

A decision needs to be made on whether to rent second-hand or new machines. Due to the high cost of renting new ones, acquiring used appliances is preferred since they just deliver the same great results. Consulting with experts in the field is recommended before making a final decision.

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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