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Bruker Corporation to Present at the 37th Annual J.P. Morgan Healthcare Conference
Bruker Corporation (NASDAQ: BRKR) announced today it will participate in the 37th annual J.P. Morgan Healthcare Conference in San Francisco. Frank Laukien, Chairman, President & CEO and Gerald Herman, CFO [...]
Allergan to Present at the 37th Annual J.P. Morgan Healthcare Conference
2019-01-07    
3:30 pm
Allergan plc (NYSE: AGN), a leading global biopharmaceutical company, today announced that Chairman and CEO Brent Saunders will present at the 37th Annual J.P. Morgan Healthcare Conference in San Francisco, [...]
Johnson & Johnson to Participate in 37th Annual JP Morgan Health Care Conference
2019-01-07    
3:30 pm
Johnson & Johnson (NYSE: JNJ) will participate in the 37th Annual JP Morgan Health Care Conference on Monday, Jan. 7th, at the Westin St. Francis in San Francisco.  Joseph J. [...]
Halozyme Therapeutics To Present At The 37th Annual J.P. Morgan Healthcare Conference
2019-01-09    
10:30 am
Halozyme Therapeutics, Inc. (NASDAQ: HALO), a biotechnology company developing novel oncology and drug-delivery therapies, will be presenting at the 37th Annual J.P. Morgan Healthcare Conference in San [...]
International Conference on Chemistry, Chemical Engineering and Chemical Process
2019-01-30 - 2019-01-31    
All Day
It is a great pleasure and an honor to extend to you a warm invitation to attend the "International Conference on Chemistry, Chemical Engineering and [...]
Streamline HCP Workflow • Drive Patient Education • Navigate the Specialty Prescribing Landscape
2019-02-01    
12:00 am
The original and most comprehensive conference series dedicated entirely to strategies for effective utilization of e-Rx and EHR technologies is back for 2019. Whether new [...]
Articles

5 Tips for Buying Equipment for Your Healthcare Business

healthcare

5 Tips for Buying Equipment for Your Healthcare Business

Purchasing specialist equipment for a healthcare business can be a difficult process. If you are preparing to open your business for the first time and this is all new to you, here are 5 purchasing tips that will enable you to source the right equipment for your business at the right price.

Make a List of Equipment You Need

Before you start looking at equipment options, establish exactly what you need. As well as listing the equipment that you need, you should also work out what specifications you will require from it. For example, don’t overlook the importance of power when choosing an industrial vacuum for your healthcare facility. It’s possible to choose an industrial vacuum that is too powerful, which could end up damaging your flooring. Make sure you choose something suitable for your healthcare facility.

Use as Few Suppliers as Possible

It is nearly always better to buy your equipment through a single supplier rather than relying on several. If you source each piece of equipment that you need from a separate provider, you will usually end up spending more than if you purchased it all through a single supplier. Purchasing through the right seller will save money while also making the entire purchasing process easier.

Track Your Spending

It is always a good idea to stay on top of your business spending. Regardless of the industry that your business operates in, it is never good for a business owner to be ignorant of where their money is going. Throughout the equipment acquisition process, make sure that you are tracking all of your costs and expenses. This is a good habit to get into for any business owner and is particularly advantageous for those working in healthcare or another role where they regularly deal with heavy machinery.

Don’t Wait Until It’s Urgent to Buy New Equipment

Wherever possible, you should give yourself as long as you can to sort new equipment. Don’t wait until your existing equipment breaks down, or leave your purchase of routine supplies until the last minute. It can take 6-8 weeks for some medical equipment suppliers to process new orders. Being without equipment for this long could be devastating to your business. Make sure that you leave plenty of time for your supplier to process and fill the order.

Check the Warranty Details

Every major purchase in life should come with some kind of warranty. Medical equipment is very expensive, and your business is dependent upon it functioning properly. Before you commit to any large purchases of medical equipment, make sure that you have read the associated warranty agreement carefully.

Buying specialist equipment for your healthcare business can be a fraught process. If you approach it the wrong way or you try to rush it, you will inevitably end up paying over the odds for equipment. Take the time to establish what you need and vet potential suppliers properly. You always have the option of purchasing used or refurbished equipment. Buying this way can be an effective way of reducing your costs.