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Lease payments are
historically lower than loan payments and Leases are easier to
obtain.
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An
operating lease is not considered a long-term debt or liability and does not
appear as debt on financial statements.
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Leases do not require
down payments.
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Tailor leases to fit
month-to-month or year-to-year cash flow needs.
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The IRS does not
consider an operating lease to be a purchase. Rather, it is a tax-deductible
overhead expense.
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Some leases allow you
to skip one or more payments without penalty, an important feature for seasonal
businesses.
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Keep up with the
latest technology by adding or upgrading through add-on or master
leases.
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Lessee will not get
caught with obsolete equipment.
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It’s important to be
an informed consumer when you run your own business; the life of your business
depends on it, so does the health and well-being of your patients.
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You not only need to
have the proper, most up-to-date equipment, you also need to be able to afford
it.
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Making the right
financial decisions are just as important as making the correct medical
diagnosis.
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Leasing protects
personal credit rating.
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Lessees can take
advantage of tax benefits.
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Physicians get low
rates on equipment leases, since doctors have a great reputation in the leasing
community for paying their leases on time.
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Lessees can acquire
new equipment every few years.
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Lessees are not
responsible for old equipment.
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Medical professionals
are considered low risk, enabling lessors to create attractive payment
plans.
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Leasing equipment
brings more revenue into your practice, because you spend less money per month
and can afford other expenses related to the practice.
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In
today’s changing economic climate and the advent of HMO’S in place of
traditional insurance plans, running a medical practice is no longer a sure fire
path on the road to riches. A medical practice needs to be run just like any
other business; It needs to be constantly growing.
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A
physician, as the CEO of his or her business, needs to continuously find ways to
maximize value and return on their company investment.
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Medical equipment
purchases contribute heavily to the cost of running any office. Yet, like any
other commodity, medical equipment starts to lose value the day you purchase
it.
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When you lese
equipment, you are not committing a large outlay of capital on equipment that by
its nature will one day be outdated and have to be replace.
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So
much of what goes into whether or not a practice is successful is reputation and
perception in the community. People go to a doctor they trust. When people see
that the doctor has the latest equipment and performs all of the procedures on
site, the doctor’s reputation in the community grows. That in turns brings new
business.
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A
Medical Practice needs to be run just like any other business; It needs to be
constantly growing.