| Purchasing the various EHR technology components you need outright can be taxing, particularly if your practice faces cash flow concerns. Enter a more flexible alternative to financing EHR: leasing. With leasing, you can modernize your practice's IT in the near-term without spending a lot of money up front, and then not fret about the exact timing of your federal reimbursement. In fact, such a scenario could even leave you in a positive cash position, depending upon the timing of your implementation and reimbursement. |
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| According to the Small Business Association (SBA), "Leasing operating equipment, such as computers, vehicles, and machinery, often makes more sense than buying." Beyond the obvious advantages of limiting large capital outlays, the benefits of leasing are numerous: |
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Cost savings: Innovation continues at a breakneck pace, which means that obsolescence–and the associated costs of aging technology–can creep up on you rather suddenly. For this reason, IT equipment is ideal for leasing, rather than owning. Rather than paying to keep old machines running, you can quickly respond to new opportunities and technologies–regardless of budget cycles–with leasing. |
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Flexibility: As your business grows and your needs change, it's easy to quickly add or upgrade equipment under a leasing agreement. |
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Balance sheet management: Because an operating lease is not considered a long–term debt, it typically does not appear as debt on your financial statement, thus making you more attractive to traditional lenders for your other capital needs. |
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Logistical ease: HP Financial Services can combine leasing for equipment, software, training and services into one package, even rolling non–HP technology financing into your single recurring payment. |
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Easy disposal: Eliminate headaches caused by what to do with old equipment as you retire it from your practice. The leasing company can assume responsibility for managing disposition of the old equipment in accordance with increasingly stringent and complicated environmental rules. |
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Like EHR, leasing is all about working smarter. As a small or medium sized medical practice, leasing helps you to overcome staff and budget limitations and deploy state-of-the-art IT systems that allow you to enhance delivery of service and care to your patients. |
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HP Financial Services offers multiple financing structures, including a 90-day payment option that allows you to acquire equipment this month and not start paying for that technology until 90 days from shipment–in other words, not until well into the new year. |
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