How to Save on Medical Equipment Leasing with iQuoteNetwork

No other field can benefit more from equipment updates than that of medicine. While the benefits of the latest equipment are obvious to both physicians and patients, the reality is that the latest equipment is costly, and leasing is often the most beneficial way for practices and institutions large and small to update their technologies, to the great benefit of their patients.

While advances in patient technology can lead to significantly better health outcomes, other office equipment upgrades can lead to an overall improvement in the practice's efficiency, garnering a better experience for staff and patients alike.

But figuring out the best way to acquire the equipment you need can be complicated and time consuming. iQuoteNetwork has helped practices and institutions nationwide quickly acquire essential equipment - with the best available terms - while eliminating the tedious legwork and back-and-forth of traditional medical equipment purchasing and leasing. Our users are able to spend more time focusing on medicine - while we prepare customized solutions on top-name equipment.

Just complete the iQuoteNetwork questionnaire - which will only take a few minutes - and an independent, professional lessor will prepare a proposal based on your specific needs. Also let us know how you would like to be contacted: email, phone or fax - it's your choice. Our professionals have years of medical equipment experience and the industry reputation to produce quality proposals quickly, and will be ready and able to respond to any questions or requests you have over the life of your lease. In short, you get a streamlined, hassle-free acquisition and the best lease terms available - without ever sacrificing customer service.

Evaluating Your Medical Equipment Leasing Needs

At least once a year, institutions and practices should evaluate whether current equipment (both leased and owned) is still meeting their needs.

In medicine, falling behind in technology not only puts your institution or practice at a competitive disadvantage, it can cause patients to receive less than optimal care.

While advanced medical equipment can be costly and takes years to turn a profit if purchased, iQuoteNetwork can offer you the best available lease terms on the exact equipment you prefer, making it affordable for you while enhancing patient care and the overall reputation of your practice. Furthermore, when the leased equipment is trumped by a newer technology, you can work with iQuoteNetwork to upgrade your equipment -- and avoid the pitfall of investing significant dollars in the purchase of expensive equipment that all too quickly becomes obsolete.

Your iQuoteNetwork professional can assist you structuring highly competitive lease terms for medical equipment from major manufacturers.

Medical Equipment: Why Lease?

Although the cost of purchasing new medical equipment outright can be daunting or even prohibitive, the flexibility of leasing allows your institution or practice to enjoy the patient benefits and competitive advantage of the latest equipment without unnecessarily tying up needed capital.

Leasing is the preferred option for many institutions and practices - from single-physician family practices to the largest hospital systems in the country. Leasing:

• allows companies to acquire the resources they need to grow while holding on to more capital - rather than undertaking significant cash outlays, bank loans or adding investors to finance equipment purchases;
• makes upgrading to newer, more efficient technologies far easier. Most businesses can not afford to be saddled with obsolete equipment while competitors are benefitting from more advanced technologies;
• is more attractive than conventional bank loans which are typically more restrictive and require significant down payments;
• further minimizes upfront expenditures by allowing all associated costs - including shipping, installation, service and maintenance - to be rolled into the lease;
• mitigates operating expense uncertainty as future costs are fixed at the lease inception;
• provides tax benefits as monthly payments are considered operating expenses;
• typically gives lessees the choice of purchasing, returning or continuing to lease the equipment at lease-end.

Leasing FAQs

How is a lease defined?
A lease is a contract in which a leasing company (the lessor) gives the lessee the right to use equipment for a specific length of time (the lease term) for a regular specified payment, typically payable on a monthly basis.

Do I need to complete a credit application right away?
No - you just need to answer a few quick questions, and an iQuoteNetwork professional will get back to you within 1 business day in the manner you choose - phone, email or fax.

How does the process work?
Once you answer a few quick questions, your iQuoteNetwork professional will contact you. Typically, there are two types of iQuoteNetwork users:

Situation A: You have spoken to an equipment provider, and know what you want, but are looking at leasing as a more attractive option. After receiving your information, an iQuoteNetwork professional will get back to you within 1 business day and then provide you with a quote based on your exact specifications.

Situation B: You are unsure of your equipment and/or staffing needs and would like assistance navigating the available options. An iQuoteNetwork professional will contact you within 1 business day to learn more about the nature of your business and any specific capability or project needs. Our professionals have years of IT experience, and can help you formulate a plan to best suit your business and then provide a quote on the recommended equipment/staffing solutions.

In which states does iQuoteNetwork operate?
iQuoteNetwork can write and service leases in all 50 states.

What is a typical lease term (length of lease)?
A typical lease is 36 months, but iQuoteNetwork offers customized solutions for our clients and can tailor the terms to suit your needs.

How can I directly reach my iQuoteNetwork agent?
After you answer the questions on the iQuoteNetwork Questionnaire, your representative will provide you with his/her direct contact information. You can also send any questions to info@iQuoteNetwork.com.

Is it possible to lease just software?
Yes - your iQuoteNetwork professional can help you with a software-only package or you can bundle software into a hardware or other equipment lease.

What types of leases do you offer?
We offer two types of leases:

• Fair Market Value (FMV) also known as Operating Leases: FMV leases offer significant flexibility. You can refinance your lease or upgrade your equipment at any time during the lease term. You can also choose to upgrade at the end of the lease term or purchase the equipment for fair market value.
• Dollar Buy also known as Capital Leases: with a Dollar Buy lease, you own the asset at the end of the lease term for the cost of $1.

Your iQuoteNetwork professional can discuss which option may be more advantageous for your specific needs.