Lease or Buy - Healthcare Equipment
Not what you're looking for?
What are some of the pros & cons of leasing vs. buying equipment. When is it better to lease or buy healthcare equipment?
Purchase this Solution
Solution Summary
Healthcare Firms struggles over whether to buy or lease equipment. Purchasing is the traditional method of acquiring equipment, leasing often can be more cost-effective. Conducting an analysis on lease-versus-purchase can help to arrive at the most cost-effective decision. By analyzing the available alternatives & the opportunity cost, firms can make well informed decisions on the optimum use of their available resources to accomplish their objective and goals.
Solution Preview
Healthcare Firms struggles over whether to buy or lease equipment. Purchasing is the traditional method of acquiring equipment, leasing often can be more cost-effective. Conducting an analysis on lease-versus-purchase can help to arrive at the most cost-effective decision. Whether to lease or buy medical equipment is not always a clear-cut decision.
The pressure to reduce healthcare delivery costs, however, has made more stringent reviews of capital equipment acquisitions for Healthcare Industry. As a result, more firms will choose to lease medical equipment. The advantages of leasing include flexibility, convenience, and protection against technological obsolescence. And, in many cases, leasing can be more affordable than purchasing, this considering high development in field of science & technology.
Decision Factors
1. Analysis - Capital equipment acquisitions needs to go beyond a simple return on investment (ROI) and consider some other factors, including the estimated technological life of the equipment and the firm's financial position.
2. Technology - The ...
Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.