Knowing When To Invest In An X Ray Rental

By Melissa Sullivan


Owning a busy medical clinic can have major ramifications for you. You are obligated to provide all of the services for which patients come to your clinic. You also have to take care of your employees and make sure they get paid on time. You can accomplish this in part by protecting the cash flow that your business accumulates over time. This cash flow is vital for being able to make all of your financial obligations on time. With that, you may see the wisdom in choosing an x ray rental rather than buying a new machine outright.

The main perk that can come out of this arrangement involves saving what money you do have on hand. A monthly lease payment is typically a fraction of the cost of the sticker price for brand new machines. The payments you are expected to make are broken up over a course of a year or longer, allowing you to pay it off progressively.

Further, you have the option of making the payments on a day of the month that works for you. Your practice might have major bills like rent on the building or a mortgage payment to pay at the first of the month. However, by the middle of the month, you could have more money to put toward leasing machinery used to take care of your patients.

Along with making affordable payments, you also typically get repairs covered at no cost to you. The price paid each month covers the costs of repairs. If or when a machine needs to be fixed, all you have to do is contact the leasing agency, tell the staff that a machine needs to be repaired, and then arrange for it to be picked up.

As technology evolves, new machines are made and released for sale to the public. However, these new machines often come with a price tag you might find difficult to afford. Rather than use money you would rather keep on hand for other expenses like payroll or utilities, you could rent the new models. You have the option of upgrading any time because you technically do not own the machines you are renting.

While you consider all of the perks, you also may wonder about any drawbacks. What downsides could come with renting what you need for the clinic? To start, you are not able to use the equipment as collateral for financing. You technically do not own it, which means it is not yours to use as collateral to secure a loan.

Because they are not yours, the machines cannot be altered in any way that would impact their function or appearance. You cannot add or take away parts, for example. Doing so could violate the terms of your lease that you signed.

With this in mind, you can decide for yourself if you want to rent or buy machines for a medical clinic. You need machinery like x rays in order to provide patient care. However, you also want to save your money, which could be possible by opting for a rental rather than buying.




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