Snoqualmie, WA (PRWEB) May 28, 2009
With the continued fluctuations in interest rates, slowing of the economy, and competition for new patients, a number of hospitals, dental and medical clinics are struggling with reduced cash flow and the dilemma of how to purchase new or additional medical equipment to meet the needs and requests of their patients.
"The medical industry continues to remain strong with the constant and increasing need for health care goods and services," said Bobby Beaulieu, IT Director at Quick Medical. "For many health care facilities, profit margins and cash flow are lower and the cost of providing newer or additional medical equipment is higher. At the request of our customers, we made the decision that we would offer a new medical leasing 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 and/or financed by a medical practice, at least 50% was leased. Why pay cash for a piece of medical equipment when the business can pay 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 additional or new medical equipment, but the question is why?" said Scott Hanna, CEO of Quick Medical. "A new or 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 nor 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 medical equipment since 1993, Quick Medical has been experiencing strong sales and customer growth. By adding a number of new product lines and a new leasing program, Quick Medical will 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.
"One objective of our new leasing program is to reach the existing Quick Medical customers who wish to purchase our products, but do not have the cash and/or the desire to make a large up-front down payment", said Mr. Hanna.
"We believe that with our new leasing program, a medical practice or health care facility can have the latest equipment and technology, as lease payments are often lower than payments available through conventional financing. Leasing offers tax benefits and has real cash flow advantages by eliminating the large down payments or cash outlays necessary with other forms of financing or purchase," concluded Mr.Hanna.
About Quick Medical:
Quick Medical is a Medical Supply Store offering a large selection of medical equipment and medical supplies. Established in 1993, they currently offer over fifteen thousand medical products. In addition, Quick Medical offers a large selection of medical equipment and medical supplies. They are an authorized distributor for Tanita scales, Detecto, Health O Meter, Brewer Medical equipment, Clinton Industries, Burton Medical Lighting, and many others. They also provide the widest variety of medical scales available on the Internet. Quick Medical has a large selection of health and fitness products, medical furniture, medical cabinets, medical casework, medical exam tables, medical lighting, x-ray equipment, and physical therapy products.