The American healthcare industry is a large part of our economy, yet it also faces financial challenges. With the evergrowing competition in the space, hospitals and local clinics need to keep their costly equipment up-to-date. That is why over $130 billion worth of medical equipment is being leased each year.
Why lease medical equipment?
Transportation equipment, imaging, and diagnostics machines are costly and have limited lifespan. Leasing can help in managing cash flow and maintaining operational flexibility.
Leasing provides the right to use medical devices over a period of time, typically three to five years, without the burden of ownership. It offers lower monthly payments, low to zero upfront costs, and flexible options at the end of the term.
What are the benefits of leasing medical equipment?
Efficient capital management
Lower operational costs and less money tied up in upfront equipment purchases enable hospitals and clinics to invest their capital elsewhere and retain positive cash flow.
At the end of your term, you can return or upgrade the equipment, keep leasing, or purchase it at face value. You can choose the most suitable option.
Leasing companies typically fund deals in 2 to 5 days and require no down payment. Banks tend to take a more conservative approach, requiring 2-3 weeks for credit review and a 20% down payment.
Getting new (or used) equipment
In light of the recent pandemic, healthcare organizations have been relying on fast and easy medical equipment leasing to support the increasing demand for their services.
At Alliance Funding Group, we feel the responsibility to support our doctors and hospitals with the affordable Healthcare Equipment Leasing Program.
About Alliance Funding Group
Alliance Funding Group has been financing small, medium, and enterprise-sized businesses throughout the United States since 1998. Since inception, we have financed over $2B in equipment leases and loans to thousands of customers in small and mid-market arenas throughout the US.