When you make a medical equipment purchase there are many things to consider. These purchases are typically expensive and require a lot of knowledge and research to get the best equipment at the best price that will fit your or your patients’ unique needs. Usually, the first option many consider is whether to buy new or used or lease their medical equipment. This decision comes with many pros and cons to take into consideration, and for the most part, your budget will most likely be the biggest deciding factor in this option. However, once you are certain that you will be purchasing medical equipment there are some things that you will have to consider. Here are just a few things you should look into before purchasing any type of medical equipment.
Research the best financing options available
Many of us would assume that simply paying in cash would be the best option. However, if your budget does not support this type of big expenditure then you may need to look into financing. Also, remember, that you will need to stretch your budget to pay for other expenditures, so even if you think you may be able to swing paying out right for this equipment, you need to make sure your budget is still able to cover these other expenditures. So, for most of us, financing may be the only option. There are many different types of medical equipment loans, such as Dealer Financing, Bank or SBA loans and dedicated Medical Equipment loans. However, you need to remember that these loans come with interest that will need to be calculated into the final cost of your equipment. It is up to you to find the best loan for you, which means you will need to do some research.
Does the equipment come with any warranties or guarantees
You need to consider what types of warranties or guarantees would work best for you. Most sellers will offer several different types of warranties. For the most part, these will cover any type of maintenance or repairs during the time specified in the warranty. You will need to ask the seller about their warranties prior to purchasing your equipment and read through all the paperwork to ensure you understand what is being offered. Never assume you have a warranty even if someone with the seller says you have one. Always make sure you get it in writing and keep a copy filed for your records. Also, remember that if you are purchasing used equipment, it may or may not come with a warranty or guarantee. So, you should always do your research prior to purchasing and take into consideration if you buy used equipment, it is usually as is. This means you may not be saving as much as you think, especially if your equipment does break down.
Will the equipment work with your space
Every piece of medical equipment has its own unique and specific aspects. You need to ensure that the equipment will fit in the location you want with the space provided and that you will not have to do any unnecessary renovations to make the equipment work. Will the equipment fit into the desired location with ease and will the equipment require any type of electrical or plumbing work to get the equipment fully operational? If you do have to renovate to get a piece of equipment to work, you will need to add in the cost of renovations to the price to ensure that this product is truly giving you the best price available. It can be tricky trying to factor in any extra costs associated with your new equipment. However, these are things you need to look into and know prior to purchasing any type of equipment, so, as usual, you will have to put in some time to do your research and familiarize yourself with the equipment.
Is installation provided
You probably want to look for sellers that will not only deliver directly to your location but will also set up and install your equipment. The best seller for many will be those that can ensure that your product is delivered on time and set up to meet your preferred specifications. Also, if your seller offers free installation, you will have the chance to inspect and even test the equipment to ensure that it works properly prior to the delivery team leaving, which is a definite plus for many people purchasing high end medical equipment Therefore, you can feel a little better knowing that your equipment is running smoothly. It is always best to test your product before signing off on any forms the delivery team will want you to sign.
It can take some time doing all the research needed to get the best bang for your buck when shopping for medical equipment. There are so many little details to go through and having to take into account your unique and particular needs can be extremely time consuming and even frustrating for some. But, it is in your and/or your patients’ best interest to make the most knowledgeable decision you can, and, in the end, it will all be worth it knowing that you got the best piece of equipment to fit your particular needs.
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