Navigation Links
QuickMedical Launches Medical Equipment Lease Program With Providence Capital

The demand for new medical equipment continues to increase among heath care facilities. QuickMedical has recognized the need to offer hospitals, medical clinics, and other health care facilities the option of leasing new medical equipment versus paying cash or long-term high interest rate financing.

Issaquah, WA (PRWEB) March 10, 2010 -- With the continued fluctuations in interest rates, slowing of the economy, and competition for new patients, a number of hospitals, dental and medical clinics are struggling with reduced cash flow and the dilemma of how to purchase new medical equipment to meet the needs and requests of their patients.

"The healthcare industry continues to remain strong with the increased need for new and updated medical equipment," said Freddy Jalilvand, Sr. Account Executive for Providence Capital Funding. "For many health care facilities, profit margins and cash flow are lower and the cost of providing newer medical equipment is higher. At the request of their customers, QuickMedical made the decision to offer a medical lease program designed specifically for hospitals, medical clinics and other health care facilities."

One of the fastest growing and most popular ways to finance medical equipment is through a lease program. Current data suggests that of the majority of medical equipment sold to a medical practice; at least 50% was leased. Why pay cash for a piece of medical equipment when the business can pay little or nothing down and have the revenue generated by the medical equipment pay for itself?

"A number of medical practices could possibly afford to pay cash for new medical equipment, but the question is why?" said Scott Hanna, CEO of QuickMedical. "A growing hospital, start-up medical clinic, a medical practice with little cash flow, or a practice that has experienced exceptional growth may not have the cash or the desire to tie up money in a large down payment or long-term financial obligation. Leasing is a way to leverage money and invest it in other revenue generating ideas that cannot be financed; or the money can be saved to cover expenses during an economic slowdown."

As a national distributor of medical supplies and equipment since 1993, QuickMedical has been experiencing strong sales and customer growth. By adding new product lines and a new leasing program, QuickMedical can provide additional value to their existing services while meeting ongoing customer requests for new products that will increase distribution channels and help to reduce overall customer cost.

"Our objective with our new lease program is to reach our existing QuickMedical customers who wish to purchase new medical equipment, but do not have the cash and/or the desire to make a large up-front down payment", said Mr. Hanna. "Now that we have added a new line of Gendron Bariatric medical equipment, a lease program makes perfect sense."

"We believe that with our new lease program a medical practice or health care facility can now obtain the latest in medical equipment and technology; lease payments are often lower than payments available through conventional financing. Leasing offers tax benefits and has real cash flow advantages by eliminating the large down payments or cash outlays necessary with other forms of financing or purchase," said Warren Strasen, Vice-President of Sales at QuickMedical.

About QuickMedical:

QuickMedical is a Medical Supply Store offering a large selection of medical equipment and supplies. Established in 1993, they offer over fifteen thousand medical products, many with lease options and free shipping. In addition, they are an authorized distributor for Detecto, Health O Meter, Brewer Medical, Gendron, Clinton Industries, Burton Medical Lighting, Tower Exam Tables, and many others. QuickMedical has a large selection of health and fitness products, medical furniture, medical cabinets, medical casework, medical exam tables, medical lighting, x-ray equipment, and physical therapy products.

About Providence Capital:

Providence Capital, LLC is an independent Equipment Leasing company providing creative financing solutions to meet the demanding needs of today's growing companies. We recognize the variety of financing options available in today's marketplace and are confident that our programs, pricing and experience collectively represent a superior financing alternative. We work closely with related banks and various funding partners enabling us to offer you the best financing options to help your business grow. We strive to offer our customer the best possible rates, the most flexible terms and ongoing personalized service.

# # #

Read the full story at

Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related medicine news :

1. QuickMedical Launches New Line of Medical Equipment for Bariatric Care
2. QuickMedical Responds to Oregon Bill Requiring Businesses to Carry Defibrillators
3. Pregnancy Health Centre Launches Website to Help Women
4. EyeView Launches Innovative Video Marketing Quiz
5. CieAura Launches on March 18, 2010 with New Products and Professional Athletes
6. ONE Launches New Campaign to Empower Women in the Fight Against Poverty and Preventable Disease
7. InPro Launches Biopolymer PETG - Greenest Material for Div. 10 Products
8. World Cocoa Foundation Launches Cocoa Livelihoods Program in Nigeria
9. Bick Group Launches Cloud Computing Quick Assessment Program (CCQA)
10. Yakult USA Launches Spanish-Language Website
11. Health Diagnostic Laboratory Inc. (HDL, Inc.) Launches Community Initiative, It Starts with the Heart
Post Your Comments:
Related Image:
QuickMedical Launches Medical Equipment Lease Program With Providence Capital 
(Date:11/26/2015)... ... November 26, 2015 , ... The Catalent Applied ... the need to integrate dose form selection in early phase drug development. The ... organization supporting and bringing together the UK’s emerging life sciences companies, corporate partners, ...
(Date:11/26/2015)... ... 26, 2015 , ... Pixel Film Studios brings Final Cut ... Vintage. This newly styled ProTrailer pack comes with 30 all-new vintage-inspired designs, with ... users limitless opportunities to stylize and create designs quickly and easily, all within ...
(Date:11/25/2015)... ... November 25, 2015 , ... As part of ... Empowerment ™ attracts volunteers together who want to combine talents and resources to ... stakeholders in the process. The non-profit launched its first major fundraiser on November ...
(Date:11/25/2015)... ... November 25, 2015 , ... ... factory direct sauna parts and accessories. , Sauna accessories help improve the bather ... style and personality. From basic styles for the purist looking for simplicity in ...
(Date:11/25/2015)... ... November 25, 2015 , ... For the first time, Vitalalert is donating ... Beat ” campaign. The partnership between the two groups began in 2014 with Vitalalert ... cause. , MAP International was founded in 1954 and is an international Christian-based health ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... November 26, 2015 --> ... combination approach blends immunotherapy with Bremachlorin-photodynamic therapy for advanced ... approach blends immunotherapy with Bremachlorin-photodynamic therapy for advanced cancer. ... approach blends immunotherapy with Bremachlorin-photodynamic therapy for advanced cancer. ... has found that immunotherapy can be efficiently combined with ...
(Date:11/26/2015)... -- 3D bioprinting market is expected to ... report by Grand View Research Inc. Rising prevalence of chronic ... transplantation is expected to boost the market growth, as 3D ... --> 3D bioprinting market is expected to ... report by Grand View Research Inc. Rising prevalence of chronic ...
(Date:11/26/2015)... ) has ... Future Horizons and Growth Strategies in the ... Shares, Country Segment Forecasts, Competitive Intelligence, Emerging ... --> ) has announced the ... and Growth Strategies in the German Drugs ...
Breaking Medicine Technology: