How To Save Money on Medical Equipment Purchases

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How To Save Money on Medical Equipment Purchases

Purchasing equipment for your medical practice can incur substantial expenses. Unfortunately, specialized, highly technical devices don’t come cheap. However, there are several ways to reduce the cost of new medical machinery and stay within budget without sacrificing quality. Below, we will address some of the most effective tips on how to save money on medical equipment purchases.

Purchase Used Medical Equipment

One of the most effective ways to reduce the cost of medical equipment is to purchase used devices. While used equipment often gets a bad reputation for being unreliable or outdated, this is not always the case. In fact, there is a wide array of used equipment on the market that has been barely used or still has a lot of service life left in it. In addition, many new editions of medical devices only vary minimally from older models. As such, you can likely find a used device with the capabilities and longevity you require and a much lower price tag.

Consider the Manufacturing Method

In order to get the best deal on a medical device, you should also consider the manufacturing method that was used to create it. When it comes to large, highly complex devices, manufacturing processes with low tooling costs are ideal.

For example, reaction injection molding (RIM) is particularly cost-effective for producing medical devices since it does not involve high temperatures and pressures. Thus, it only requires a low-cost aluminum tool rather than a highly expensive steel mold. By searching for medical devices created through the use of RIM or other low-cost manufacturing methods, you will likely be able to get a more advantageous deal.

Shop Online To Compare Prices

Another tip on how to save money on medical equipment purchases is to shop online. Shopping online makes it easier to compare prices. Rather than going to multiple stores and taking notes on the different costs, you can simply open up a few tabs to see which company offers the best deal.

When comparing prices, make sure to look at other factors aside from just the purchase price. For example, you should also consider shipping costs, predicted maintenance expenses, and the estimated longevity of the equipment to determine which option will be most financially advantageous in the long run.