| Leasing medical equipment is a growing popular | | | | You can get a tax deduction for the payments you |
| alternative to purchasing devices outright. This is | | | | make on leased medical devices, since they can fall |
| especially true among small clinics and new medical | | | | under the category of operational costs. You may be |
| practices seeking to save on their general start up | | | | able to get a deduction on a medical device purchase, |
| costs. Leasing is especially useful when you know that | | | | but depending on the difference between the |
| you will only be needing a medical device for a limited | | | | purchase cost and the comparable size of the lease |
| period of time. By renting medical equipment instead of | | | | payments, not to mention your tax bracket, it might (or |
| buying it, you can stay financially afloat more easily and | | | | might not) make more sense to rent. Either way, |
| still manage to procure the best high-tech medical | | | | it’s worth looking into and considering. |
| equipment for your patients. There are also possible | | | | Protecting Against Obsolescence |
| tax benefits to renting equipment and a certain level of | | | | Technology is constantly changing and advancing, |
| security in terms of protecting yourself from losing | | | | especially when it comes to medical technology. A |
| money as a result of a purchased device becoming | | | | medical device, even a medical examination table, |
| technologically obsolete. | | | | might find itself outdated very, very quickly and in need |
| Keeping to your Budget | | | | of replacement. In such a case leasing medical |
| Not spending more than your budget allows is | | | | equipment can prove to be the better choice, whether |
| especially important for small medical practices that | | | | or not you can afford to purchase or not. It’s never |
| are just starting out and are looking to save as much | | | | good for business when you have to replace a |
| as they can on set-up costs. Leasing medical | | | | device with a newer model before the old one gets |
| equipment means you can do more with your budget, | | | | a chance to pay for its original cost. With most medical |
| and the devices you rent can start generating revenue | | | | equipment companies that lease out devices, you can |
| and paying for their own costs. | | | | arrange a payment plan that matches up the life-span |
| Tax Benefits | | | | of the device with its lease payments. |