Pre-owned medical equipment isa great option for hospitals and Alternate Site Health Care Organizations.  Each of these entities wants to have the newest technology to treat patients, but unfortunately, neither has the money to constantly replace their medical equipment with the newest equipment that is introduced to the market . 

An alternative answer to satisfying hospitals needs is refurbished medical equipment .  Instead of making large capital investments into equipment that can become quickly outdated, these offices can purchase, rent, or lease pre-owned medical equipment. 

All medical equipment goes through many quality assurance processes to ensure it is safe for use.  When a brand new medical device reaches a distributor, it is inspected and assigned an equipment control asset number.  This first inspection is a baseline from which maintenance actions and refurbishments are measured. 

If the item is refurbished, the repair company is required to return the medical device to the same state and pass tests to meet all OEM specifications; same as new.  This standard means patients treated with pre-owned medical equipment receive the same quality of performance as would be seen with a new device shipped directly from the manufacturer .  There is no reason pre-owned medical equipment should equate with substandard quality in equipment because in reality the customer is buying value.

There are a number of questions that can help a hospital or alternate health care organization determine whether they should purchase refurbished medical equipment: 

• What kind of medical equipment does the hospital use now & does prolonging the life of the equipment make good financial sense vs. upgrading to expensive newer technology?
• Will the maintenance/repair of the equipment be done by FTE onsite or will it make better financial sense to use a 3^rd party repair service; also what is the annual parts budget to be?
• Are there technological advancements being made to the medical equipment in question that are cost prohibitive; also who will provide the nurse & or biomed training?

The level of technology a hospital or alternate site health care organization has will determine how expensive the medical equipment is and can affect how often that equipment will need to be replaced.  If the medical equipment is relatively inexpensive and does not need to be replaced often, then purchasing pre-owned equipment is the best cost-effective solution.

Medical equipment is a standard in any hospital & finding cost effective solutions is important ; which is why considering a purchase, rental, or lease of pre-owned equipment really can make a difference to an organizations bottom line.  Medical equipment receives a lot of wear and tear, which means it will need to be replaced or repaired often.  Instead of investing a massive sum of money into a new item that will need to be replaced every couple of years, hospitals should purchase pre-owned equipment.  Refurbished medical equipment is repaired & tested to meet all OEM specifications, is much less expensive, and normally comes with a warranty built into the purchase price. 

Technology is constantly evolving in the medical industry; meaning hospitals and other site health care organizations want the latest medical equipment to give their patients the best treatment possible .  Purchasing or leasing pre-owned medical equipment allows hospitals to do just that! 

New medical equipment is a huge investment that depreciates at an substantial rate.  Pre-owned medical equipment is much less expensive and depreciates less quickly.  This means, as technology changes, hospitals have more capital to invest on other needs .  Result being, hospitals can keep up with trends and will not be stuck with a behemoth piece of equipment that takes years to pay off. 

Refurbished medical equipment is the easiest way to source what necessary medical supply items while keeping to a secure budget.   Hospitals and alternate site health care organizations may even receive tax breaks for purchasing pre-owned medical equipment – and who couldn’t use a tax break in this economic climate ?

Leasing pre-owned medical equipment can allow for flexibility in the payment structure.  Lower payments in an easy-to-handle structure can be worked into normal operating costs more easily than large loan payments.

The benefits of pre-owned medical equipment should make the decision to purchase an easy one.  Instead of being bogged down under loan payments and outdated equipment, Hospitals and alternate site health care organizations can find freedom in leasing, renting, or purchasing pre-owned equipment.

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