Purchasing Resources for Medical Equipment Rentals
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Medical equipment rentals increase health care options for providers and patients. The cost of medical equipment often makes outright purchases impractical. Rentals can be used when providers need to establish alternate treatment sites. Disaster relief and community outreach activities are examples of situations where providers might prefer to use medical equipment rentals to meet a temporary need, rather than purchasing equipment that will require disposal or storage at the end of the engagement.
Patients who wish to convalesce at home often use medical equipment rentals to make that possible. Equipment rental companies can provide most of the equipment a home patient needs to monitor his condition. The rental contract can be structured to accommodate whatever length of time the patient needs to ensure recovery. At the end of the term, the company picks up the equipment, and the patient can return his home to its prior state.
Institutional renters typically decide to rent instead of buy medical equipment because of a shortage of cash in their capital budgets or because of a desire to keep an equipment purchase or financing arrangement off of the company's balance sheet. Medical equipment rentals can be obtained under an operational lease, which keeps the expense off of a company's balance sheet. Read more about medical equipment rentals from the links on this Business.com page.