Is equipment financing the right solution for HIT investments?

10 questions for decision makers to ask before they invest

By Healthcare Facilities Today


Rapidly developing technology and impending deadlines for HIPAA Omnibus rules — stage two meaningful use and ICD-10 implementation — are keeping many healthcare providers awake at night. High on the list of concerns is how to pay for the necessary capital investment, according to Steve Jasiukiewicz, Key Equipment Finance, in an article on the Health Tech Zone website. 

According to the article, a recent report from Global Industry Analysts Inc. predicts that by the year 2017, the global market for all medical equipment leasing will reach $56 billion.

Some benefits of leasing equipment include:

• 100 percent financing 

• Flexibility –  technology can be added or upgraded during the financing term.

• Improved cash forecasting 

As with any purchase decision, it's important to get as much information as possible before making a commitment. Jasiukiewicz suggests 10 questions to ask before leasing equipment. The first five are:

• How am I planning to use this technology in my business?

• Does the finance representative understand my business and how this transaction helps me to do business?

• What types of "soft costs" will I encounter, and can they be financed?

• What is the total of the monthly lease payments and are there any other costs that I could incur before the financing period ends?

• What happens if I want to change this financing agreement or end it early?

Read the article.

 

 

 

 

 



 

 

 

 

 

 



September 19, 2013


Topic Area: Information Technology


Recent Posts

Alleged Ransomware Administrator Extradited from South Korea

The Phobos ransomware has been used globally to target over 1,000 organizations, including healthcare.


Design Plans Unveiled for New Intermountain St. Vincent Regional Hospital

The new hospital will be a 14-floor, 737,000 square-foot facility in Billings, Montana.


Ground Broken on New Pediatric Health Campus in Dallas

The new campus will replace the existing Children’s Medical Center Dallas.


Pre-Construction Strategies for Successful Facilities Projects

Savvy decisions can help facilities meet long-term goals by creating consistency and eliminating waste.


Geisinger Finds Success with Violence Prevention Efforts

Their safety measures included training staff in de-escalation, active-shooter response drills and equipping 6,000 employees with duress notification badges.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.