LeaseQ Announces That Medical Technology Could Be A Cure For Rising Healthcare Costs

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Equipment leasing and financing company LeaseQ announces that the rising costs of healthcare could be solved in part by the use of the right medical technology.

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Medical equipment leasing has been and will continue to remain a critical success factor for healthcare providers who wish to secure high-technology solutions that will create significant savings in the long term

Despite the rollout of The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or otherwise known as "Obamacare" on March 23, 2010, medical expenses have continued to rise. However, recent data shows that medical and financial experts believe that the continued use of enhanced medical technology can not only improve patient outcomes but also reduce overall cost of medical treatment.

Surgical procedures have become less expensive thanks to a new generation of tools that use light, laser, radio frequency and ultrasonic energy. These tools are battery powered and are able to perform a wide range of surgical procedures which are not invasive.
As a result of using these tools, patient outcomes and infection control have improved. Despite the cost of equipment acquisition to be very high, the lifetime costs are much lower. In some cases, the patient might not need postoperative treatment- another factor that reduces healthcare costs.

Changes in pathology and diagnosis have also significantly lowered the cost of healthcare. For instance, the three dimensional imaging system known as the Optical Coherence Tomography (OCT), is a non-invasive technique that is used to detect cancer and vascular diseases. Unlike the ultrasound, this particular imaging system uses sound instead of light. This eliminates the need for a patient to go for several appointments before any abnormalities are detected in the retina.

Despite the gains in patient outcomes as well as overall healthcare costs, medical equipment installed with the latest innovative technology is expensive to acquire. For healthcare providers to adopt new technology, they need to justify the measurable improvement it can provide against the upfront cost.

If a healthcare organization purchases this technology, it then becomes cost prohibitive. However, medical equipment leasing is a far more financially flexible option that allows medical centers to access medical equipment without investing heavily in upfront costs. As a result, the cost of equipment acquisition is not automatically transferred to patients, which leads to a significant reduction on the cost of treatment – while simultaneously assisting patient outcomes.

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The challenge that comes with new groundbreaking technologies is that it takes a significant amount of time for anyone to realize any results, with costs spread over the course of the disease or over the lifetime of the patient.

Vernon Tirey, CEO and Founder of LeaseQ, says, “Proving efficiency savings is not only a challenge in the healthcare industry but also in other industries. Medical equipment leasing has been and will continue to remain a critical success factor for healthcare providers who wish to secure high-technology solutions that will create significant savings in the long term.”

LeaseQ Provides Medical Equipment Leasing Solutions

There is no shortage of high technology medical equipment companies as evidenced by the continued growth in the industry over the course of the last eight years. As of 2007, there were 5,300 medical device companies but today there are more than 6,500. Although the industry has experienced some consolidation, it’s the smaller startup companies that are oftentimes boosting the industry to make some of its largest technological gains.

LeaseQ has partnered with hundreds of well-known and accredited finance companies to help medical centers lease equipment from these medical equipment companies. Leasing provides a significant advantage to health institutions by ensuring they have access to equipment installed with the latest technology, at all times – but at a cost that works for their budgets.

The medical field is fueled by innovations and a strong urge to find better ways of diagnosing or treating medical problems. This means that technology is ever changing and the costs of keeping up can add up rather quickly. Leasing ensures that medical centers can keep up with the ever-changing technology affordably and on financial terms that work best for medical organizations on extremely tight budgets.

Leasing with LeaseQ is easy and perhaps best of all, it’s free and it takes less than two minutes to get a pre-qualified quote. The online platform at LeaseQ is straightforward and easy to navigate as well. Interested lessees can also rest easy knowing that the soft credit inquiries conducted by LeaseQ have zero impact on their credit scores. In addition, lessees can return to the website as many times as they like until they find a suitable solution for their healthcare centers.

About LeaseQ

LeaseQ is an online market place where interested lessees can connect with hundreds of finance companies to find suitable financial solutions for their businesses. Based in Woburn MA, LeaseQ , is one of the leading sources of instant leasing quotes from finance companies in over 25 equipment market segments. Visit them at

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Vernon Tirey
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