Patient monitoring equipment provides swift displays of the important biometric patient data. This can include their heart rate, blood pressure, temperature, and more. Without the ability to get a quick read of the vitals of their patients, doctors would not be able to swiftly and correctly respond to the medical emergency faced by their patients. Hence, all healthcare facilities, right from small clinics to major hospitals need to be equipped with GE Patient Monitors and similar items.
The budget of major hospitals and small clinics however are not the same. Hence when trying to acquire the needed monitoring equipment, diverse types of facilities tend to explore distinguished methods. While some facilities decide to buy the item, others opt to Rent Philips MP Series Monitors and similar devices. Both of these systems have their own advantages.
Leasing Equipment
Patient monitoring equipment, especially the branded ones, can have quite high upfront expenses. This makes it difficult for smaller healthcare facilities having quite a limited budget to invest in them. The process of leasing involves way lower upfront expense, and makes it easier for healthcare facilities to figure out a plan that works for the particular budgetary needs of their hospital. Many leasing contracts even include maintenance of the machines, which makes it easier to respond to broken or malfunctioning machinery and improve patient care. Dealing with a patient monitor or even Oxygen Blender Block Repair is not easy for any healthcare facility, and such issues can be avoided by acquiring those items on rent.
Buying Equipment
Even though the upfront expenses of buying equipment are high, a healthcare facility might end up saving money on operational costs over time if they are able to afford paying off these immediate costs. Moreover, even if a facility is having a hard time in meeting the expenses, they can also choose to invest in pre-owned or refurbished patient monitoring equipment to cut costs without missing out on quality is possible.
What to choose?
Determining whether it is better to lease or buy patient monitoring equipment tends to be based entirely on the needs, goals, and budget of the respective medical facilities. Organizations having lower capital budgets and higher operating budgets may consider renting, while others in an opposite situation may opt to purchase. While making their final choice, facilities must also consider their need to update medical equipment, as well as how easily they can acquire the latest technology.
