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Medical Equipment Leasing & Financing Solutions

21 September, 2011 | Leasing and Financing

Purchasing Medical Equipment

The process of purchasing medical equipment is important and should be carefully evaluated. The first step is to identify your precise needs, and then calculate what your medical practice can afford. Then choose the manufacturer and model that best suits those needs, find several models on MedWOW, contact the vendors selling it and compare offers. The next step is usually assessing your medical equipment financing options.

Is Buying New Medical Equipment Cost Effective?

Equipment vendors can be an excellent source when evaluating how much revenue a new, used or refurbished medical equipment system will generate. Based on your patient demographics, they can assist you in evaluating how many of your patients will use the medical equipment on a monthly average.  It is important to make note of how many referrals for specific tests are made to other medical facilities, that could be taken care of if you buy new medical equipment. How long will it take you to break even? How long will it take before you make a profit and realistically, how many tests can you perform on a daily basis. These kinds of calculations can make all the difference in your long-term projections.

Review Costs and Benefits Before Purchasing Medical Equipment

Be sure to examine all potential costs and benefits associated with buying new or refurbished medical equipment. Some benefits are obvious, while there are many advantages clinic administrators may not have thought of, such as recruiting physicians straight out of residency who have been trained on and prefer to work with the latest medical equipment. Many are very technologically savvy and can make good use out of the latest, cutting-edge medical equipment technologies.

Medical Equipment as a Marketing Tool

Upgraded medical equipment can also work as an effective marketing tool for your practice or hospital department. Targeting your patient population and what medical equipment would most benefit their specific needs and basing your medical equipment purchase based on that is a solid way to attract new patients. It is important to be as creative as possible when looking at how new medical equipment can augment your medical facility in as many ways as possible.

The MedWOW Medical Equipment Leasing & Financing Solution

As assisting all MedWOW community members in making the best possible transaction decisions is a top priority, the medical equipment marketplace decided to partner with a leading US funding company, in order to provide individualized, tailor-made financing solutions. This is an unmatched opportunity to purchase US-produced medical equipment under excellent loan conditions. This service is the latest in MedWOW’s commitment to providing turnkey, comprehensive solutions for medical equipment professionals everywhere in the world.

This new leasing and financing service is powered by an experienced major funding leader in the United States. Exclusive to MedWOW, this new Financing Service Partner conducts business in more than 80 countries, and possesses the capability of carrying out transactions in nearly every country in the world; opening new purchasing possibilities to medical professionals everywhere. With the launch of this new partnership, MedWOW’s Financing Service Partner can now offer MedWOW users the most aggressive, customized rates and terms in the business. These loan conditions are unique and cannot be obtained through other financing channels.

Exclusive Medical Equipment Financing and Leasing for US Customers

American customers can choose from 2 types of preferable financing services with excellent terms: either Leasing or Letter of Credit. Medical equipment leasing enables US medical facilities to procure equipment, without having to draw down their current bank credit lines. The Letter of Credit program allows buyers of medical equipment to receive extended payment terms of 60, 90, 180 days and up to 2 or 3 years, depending on the transaction size.

Special Medical Equipment Financing for Non-US Customers

Customers outside of the US can choose from 2 types of unique medical equipment financing services with excellent terms: either the exclusive U.S. Export-Import Bank Loan Program or Letter of Credit. The U.S. Export-Import Bank Loan Program gives creditworthy international buyers, in both the public and the private sector, an unmatched opportunity to purchase US-produced medical equipment under excellent loan conditions. Loans are available for purchase of both new and used medical equipment manufactured in the US, and all loans are guaranteed by the US government. Letter of Credit allows buyers of medical equipment to receive extended payment terms of 60, 90, 180 days, and up to 2 or 3 years, depending on the transaction size and country of origin for buyer and seller.

All of these favorable medical equipment leasing & financing services are available exclusively through MedWOW.