CME Insider's Blog Posts

Lowering costs is on every healthcare facility`s agenda.  However, finding ways to reduce costs without having an impact on patient care is always a challenge.

A dedicated medical equipment distributor can provide you with a number of services that will streamline your ordering process, reduce staff required to procure equipment and help you maintain control over your deliveries and costs.  

Here are five of the many advantages from using a medical equipment specific distributor for your capital equipment delivery:

Hospital administrators, executives of healthcare systems and other healthcare providers typically rank operational costs near the top of their list of primary concerns, along with patient outcomes and safety.  A variety of factors drive healthcare costs, including technology, an aging population, and administrative expenses. Escalating product and equipment costs and pricing also have a significant impact.

Whether you’re upgrading, remodeling, or filling a new space, having a guide for your equipment planning is essential.  A checklist will not only standardize your process, it will help ensure that purchases are justified and meet quality standards and requirements for your institution.

A basic definition of capital equipment is, “an asset whose acquisition cost exceeds a certain amount.”  This “set amount” will depend on the company and the term can be adjusted to capture the needs of the buyer.  

To qualify as capital equipment, the asset must have a lifespan of more than one year and will be expected to play a key role in production or any other area of business.