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Financing Options

Today’s healthcare provider must depend upon equipment to function and grow their practices and leasing is a common means of financing. Leasing equipment is a logical choice for a variety of reasons. Monthly equipment lease payments can be classified as operating expenses. This allows the provider to benefit from tax deductibility.
The worth of medical equipment does not come from owning it, but rather from the results of its use. With leasing, there are no large down payments so capital reserve remains intact. The deduction is also the same every year, which simplifies budgeting.
Another benefit from leasing medical equipment includes flexibility; as the provider’s practice grows and equipment technology increases, leasing allows for the owner to easily add-on or upgrade the package keeping equipment “state of the art”.