Equipment financing for a modern practice

Posted By American Med Spa Association, Wednesday, December 12, 2018

Technology in the healthcare industry is constantly evolving, and with these changes comes a higher standard for quality of care. In today’s environment, to deliver the best patient outcomes, your practice needs to stay competitive and keep ahead of new developments. However, for many physicians, the financial strain of a new equipment purchase may stand in the way. 

Financing can help relieve the stress by making payments more manageable and within your budget. Rather than expending all your capital up front to buy the equipment, financing allows you to spread payments over time and free up capital for other business expenses. Many physicians find the added flexibility makes financing a valuable alternative.  Depending on the lender, financing can include the full equipment purchase price and add-ons like maintenance and consumables, which can offset the slightly higher overall cost of a cash purchase. Your equipment supplier may be able to recommend a lender for your needs or, while doing your research, consider looking for a lender that offers financing structures that meet your needs. 
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