Whether you are a large established healthcare facility, a small clinic, or a healthcare professional in private practise, medical equipment is the staple of your business.
It is important that your medical equipment is reliable and cutting edge. For this reason, many hospitals, medical practices and clinics think that it’s necessary to buy brand new equipment with a complete warranty, replacement, and maintenance programme.
However, in these belt-tightening times, refurbished medical equipment is becoming increasingly popular as a way to economise. But what are the pros and cons of refurbished medical equipment?
1. You save a lot of money
First and foremost, whenever you buy refurbished medical equipment, you are going to pay a fraction of the cost of brand new equipment. It’s just that simple.
Think of buying new equipment just as you would think of buying a brand-new car. Just as with a late model car, where the depreciation begins the moment you drive the vehicle off the lot, the same is true of new medical equipment. If you have budget concerns – and who doesn’t – you definitely want to consider purchasing refurbished medical equipment.
2. You can choose the level of refurbishment
Most medical equipment companies that offer used and refurbished equipment will offer several levels of refurbishment. The top of the line in used machinery is certified pre-owned equipment that is thoroughly inspected, with parts tested and replaced, as well as a cosmetic refurbishment. The equipment is virtually new, restored to the original manufacturer condition, and usually comes with a warranty and guaranteed parts replacement if a part fails. If you are looking to save even more money, you can get machinery that is refurbished mechanically, but not cosmetically. Vendors typically have many types of used equipment, and you can choose based on price, age, and level of restoration.
3. What about the warranty?
Normally, certified equipment will come with a one-year warranty, while machinery with lower levels of refurbishment are less likely to have warranties. However, be sure to ask whether the vendor you are considering offers any sort of guarantee on its equipment. Ask as well if spare parts are kept in reserve, if loaner equipment is available in the event that equipment fails and must be repaired and also ask about maintenance programmes.
4. You may need to replace equipment sooner
While very high-quality used machinery is absolutely available, it is nonetheless still used. With that in mind you may have to replace it more often than new equipment, unless it is certified pre-owned. Of course, the lifespan of equipment is a relative matter, several to a dozen years or more versus a couple of decades. If you run the numbers, however, you will more than likely discover that the savings on equipment that needs to be replaced a little sooner is well worth it.
5. You can afford cutting-edge machinery
Patients have come to expect their healthcare providers to have the latest in medical equipment. Whether you are a large facility, a small clinic or a healthcare professional in private practice, the expectation is the same, and if you don’t have the most up-to-date equipment, it can impact your reputation and the number of patients that you attract. When you purchase used or refurbished equipment, you often have access to these newer technologies for just a small portion of the original price.