Learn about actual and potential costs
How much should I pay for Medical Equipment Leasing?
What is the average price of Medical Equipment Leasing?
This procurement report includes pricing information to help you purchase Medical Equipment Leasing. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Medical Equipment Leasing been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Medical Equipment Leasing yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Medical Equipment Leasing?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Medical Equipment Leasing with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
The medical equipment leasing market is highly competitive. There are more than 670 firms offering various types of products to hospitals and other healthcare providers throughout the nation. The market exhibits a low level of concentration, with the top four players capturing less than 30.0% of total market revenue. Kinetic... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Who will be my point-of-contact person at your company and what is their role?
If I am not satisfied with my leasing policy, can you make immediate changes to it?
What is your return policy if the equipment does not meet my expectations?
Do you offer a rent-to-own program? If you do, what are the requirements?
Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Maintenance & Repairs
Do you have a preventive maintenance program in place?
What testing procedures do you perform before leasing out medical equipment?
Do you provide on-site service and repairs?
How will you handle any equipment failure that occurs while the equipment is in my possession?
Can you guarantee response times for repairing equipment while it is my possession?
What is the average turnaround time for service during the pandemic? Do these times differ by medical equipment type?
How have changing regulations affected your operations?
How has increased regulation affected your pricing? How will changes in regulation affect pricing during a contract's duration?
What measures are you undertaking to address a medical device excise tax?
How do you ensure that your customers are aware of changes in regulations?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
If one exists, buyers should specify their budget for the desired pharmacy automation systems and related products and services.
Buyers should inquire about any delivery charges and whether they are factored into the leasing rate.
Buyers should verify whether they will be responsible for repair and maintenance costs and, if possible, look for vendors that cover these additional costs themselves.
Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers will evaluate potential suppliers based on their ability to fulfill the service requirements outlined in the RFP.
Buyers should evaluate suppliers based on their experience and qualifications, such as previous work on similar projects or relevant certifications.
Buyers should give preference to providers that make sure their equipment is in good condition before leasing it out to customers.
Buyers will evaluate potential suppliers based on their ability to provide a superior level of customer service as evidenced by references.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline the schedule and process for the RFP and project.
Buyers need to include the date when proposals are due and when the award will be announced.
Buyers should outline the length and terms of the contract as well as cancellation policy terms.
Evaluate major factors to mitigate risk
How risky is the supply chain?
There is a medium level of risk in the medical equipment leasing supply chain. Although leasing companies are less dependent on critical inputs that could severely affect the supply chain, they are still subject to various macroeconomic conditions that can impact their operating costs. For example, leasing companies must have... Subscribe to learn more.