Demand for up-to-date medical equipment is soaring across the heath sector to keep pace with technological change and provide patients with the best and most up-to-date of care, creating growing interest in medical equipment financing.
However, the purchase of medical equipment involves high capital costs, while the equipment itself suffers from a high degree of obsolescence – resulting in the regular and costly need for upgrading.
Many hospital trusts have also been affected by the austerity measures the Government has introduced, restricting their ability to purchase the latest equipment outright.
As a result, the use of finance to acquire medical equipment is growing in popularity in health sector procurement, and can bring significant financial benefits compared to traditional purchase methods.
For more and more medical equipment suppliers, financing is perfectly acceptable means of supplying the very latest equipment to healthcare providers. And for many medical establishments, equipment financing eliminates the need to accumulate sufficient capital budgets to acquire the medical equipment outright.