News By Tag
News By Location
QuickMedical Launches Medical Equipment Lease Program With Providence Capital
The demand for new medical equipment continues to increase among heath care facilities, so leasing is more popular then ever.
"The healthcare industry continues to remain strong with the increased need for new and updated medical equipment," said Loren Timmons, Marketing Director at QuickMedical. "For many health care facilities, profit margins and cash flow are lower and the cost of providing newer medical equipment is higher. At the request of their customers, QuickMedical made the decision to offer a medical lease program designed specifically for hospitals, medical clinics and other health care facilities."
One of the fastest growing and most popular ways to finance medical equipment is through a lease program. Current data suggests that of the majority of medical equipment sold to a medical practice; at least 50% was leased. Why pay cash for a piece of medical equipment when the business can pay little or nothing down and have the revenue generated by the medical equipment pay for itself?
A number of medical practices could possibly afford to pay cash for new medical equipment, but the question is why? A growing hospital, start-up medical clinic, a medical practice with little cash flow, or a practice that has experienced exceptional growth may not have the cash or the desire to tie up money in a large down payment or long-term financial obligation. Leasing is a way to leverage money and invest it in other revenue generating ideas that cannot be financed; or the money can be saved to cover expenses during an economic slowdown.
As a national distributor of medical supplies and equipment since 1993, QuickMedical has been experiencing strong sales and customer growth. By adding new product lines and a new leasing program, QuickMedical can provide additional value to their existing services while meeting ongoing customer requests for new products that will increase distribution channels and help to reduce overall customer cost.
Mr. Timmons continued, "Our objective with the new lease program is to reach our existing QuickMedical customers who wish to purchase new medical equipment, but do not have the cash and/or the desire to make a large up-front down payment."
Established in 1993 as a veteran owned company, QuickMedical is a leader in the distribution and sale of medical supplies and equipment to the health care community. With great pricing, same day shipping and a low price guarantee, QuickMedical has the professional medical equipment used by healthcare professionals, industry and home.