Focus on Purchase Price to Get Lower Equipment Lease Payments

Leasing medical equipment can be a great way to get equipment your hospital needs while paying less up front, benefiting from predictable monthly expenses (including maintenance), and often enables you to get more equipment for your budget. However, many times hospitals are so heavily focused on the amount of lease payment, they often overlook knowing the actual purchase price of the equipment first. Do your research and benchmark the purchase price of the equipment to make sure you are getting the right price before you think about the structure of the lease or the actual payment. Communicate your needs to your supplier, as they are very amendable to finding creative ways for you hospital to get the terms that best meet your needs.