Despite The Impact Of The 2013 Medical Excise Tax LeaseQ Announces A Steady Increase In The Leasing Of Medical Equipment
Boston, MA (PRWEB) August 20, 2014 -- Despite the increase in medical equipment financing in 2013 which was brought about by the Medical Excise Tax, equipment leasing company LeaseQ still continues to see a steady growth in the leasing of medical equipment. Despite the tax that was supposed to stifle growth in the sector, LeaseQ reports that many medical facilities are turning towards alternative sources of financing such as equipment leasing and financing to help them acquire equipment instead of outright cash purchases.
For more information on leasing medical equipment, visit:
https://www.leaseq.com/medical-equipment-leasing
The Medical Excise Tax, which started in early 2013 on certain medical devices was designed to supplement the cost of Affordable Care Act known as Obamacare. The tax levied a 2.3% of the sales price of taxable medical devices - taxes which would be directly routed to the funding of the new medical insurance act. Although a 2.3& tax doesn’t sound like a significant increase, it was enough for the equipment leasing industry to show significant concern but quite the opposite has happened - especially in the equipment leasing and financing sector. Companies in that space such as LeaseQ have witnessed this positive change firsthand with significantly increased activity on their One Touch platform.
Vernon Tirey, The CEO and Founder of LeaseQ, says, “We have been experiencing a significant increase in the volume of small to medium sized medical practice leasing. Individual practitioners, mid-sized clinics and smaller medical offices are feeling the pinch from the excise tax and are shying away from direct cash purchases. This is just one more reason why medical equipment leasing is a smart choice for clinics, hospitals and medical facilities of all sizes.”
Another factor that may be contributing to the significant increase in small to medium sized medical leasing volume is the frequent upgrades that medical equipment often needs. With the new excise tax law already in place, many small medical facilities feel restricted and unable to fund equipment upgrades. With the rapid pace of medical equipment technology, LeaseQ reports that there is an intensified demand for financing equipment that becomes obsolete quickly.
LeaseQ's Breakthrough Service
LeaseQ’s equipment financing and leasing service helps medical practices access equipment financing and leasing much faster than before. LeaseQ’s easy to use platform allows medical facilities to find the laboratory and medical equipment financing they need quickly and easily without being hounded by leasing equipment salespeople. Best of all, the platform at LeaseQ is free and connects medical practitioners to the best equipment financing lenders, plans and rates.
Tirey reports that many hospitals and clinics start out their equipment search by wasting days or even weeks to find medical equipment they need. Using these old school tactics, it may take them even longer to qualify for the financing they need for equipment acquisition.
LeaseQ’s online platform significantly reduces the entire process to under two minutes. Potential lessees can get instant quotes without going through tons of paper work or sales reps. Using the platform has zero impact on credit score and lessees can return to the site as many times as possible-free of charge-until they find a plan that suits their current financial situation.
This is great news for busy medical clinics that do not have time to wait around for days or even weeks to get pre-qualified quotes.
About LeaseQ
LeaseQ is an online market place that connects businesses, leasing companies and equipment dealers to make the whole leasing process a lot simpler and faster. Based in Woburn, Ma, LeaseQ has become one of the largest online networks of equipment financing companies and equipment dealers. Find them at https://www.leaseq.com
Vernon Tirey, LeaseQ.com, +1 (781) 346-3838, [email protected]
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