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Forbes Healthcare Summit
2014-12-03    
All Day
Forbes Healthcare Summit: Smart Data Transforming Lives How big will the data get? This year we may collect more data about the human body than [...]
Customer Analytics & Engagement in Health Insurance
2014-12-04 - 2014-12-05    
All Day
Using Data Analytics, Product Experience & Innovation to Build a Profitable Customer-Centric Strategy Takeaway business ROI: Drive business value with customer analytics: learn what every business [...]
mHealth Summit
DECEMBER 7-11, 2014 The mHealth Summit, the largest event of its kind, convenes a diverse international delegation to explore the limits of mobile and connected [...]
The 26th Annual IHI National Forum
Overview ​2014 marks the 26th anniversary of an event that has shaped the course of health care quality in profound, enduring ways — the Annual [...]
Why A Risk Assessment is NOT Enough
2014-12-09    
2:00 pm - 3:30 pm
A common misconception is that  “A risk assessment makes me HIPAA compliant” Sadly this thought can cost your practice more than taking no action at [...]
iHT2 Health IT Summit
2014-12-10 - 2014-12-11    
All Day
Each year, the Institute hosts a series of events & programs which promote improvements in the quality, safety, and efficiency of health care through information technology [...]
Design a premium health insurance plan that engages customers, retains subscribers and understands behaviors
2014-12-16    
11:30 am - 12:30 pm
Wed, Dec 17, 2014 1:00 AM - 2:00 AM IST Join our webinar with John Mills - UPMC, Tim Gilchrist - Columbia University HITLAP, and [...]
Events on 2014-12-03
Forbes Healthcare Summit
3 Dec 14
New York City
Events on 2014-12-04
Events on 2014-12-07
mHealth Summit
7 Dec 14
Washington
Events on 2014-12-09
Events on 2014-12-10
iHT2 Health IT Summit
10 Dec 14
Houston
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.