7 Benefits of Buying Refurbished Medical Equipment

Meta Description: Buy quality used equipment if you can afford to replace it. In addition, if you can buy used medical equipment at lower prices, you’ll have a higher yield on your investments.

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Unfortunately, medical equipment will eventually become obsolete. It depreciates and becomes useless over time, like other major assets.

Even so, there is a huge market for refurbished surgical microscopes, dental equipment, and even radiological devices.Prescott’s Inc. is your one stop shop for all of your refurbished medical equipment needs.

But why is this so? Why are doctors so excited about this market? In this post, we will find out why it is so exciting.

It’s Green

Medical practices are increasingly looking at ways to green their operations. They not only want to be as efficient as possible, but they also care about the environment. While doctors are responsible for caring for patients, they also care about the environment.

Unfortunately, medical waste is way out of control. U.S. hospitals produce more than 5.9 million tons of medical waste each year, most of which ends up in landfills.

Refurbished medical equipment helps decrease the amount of waste that is sent to landfills. Doctors can repair and maintain difficult-to-replace parts in their equipment by replacing them with parts that will last longer and reducing the overall cost of the equipment.

It Reduces Cost

Medical equipment can be terrifyingly expensive. It’s not unusual for a new gadget to cost $1 million or more. It is not uncommon for new medical equipment to cost $1.5 million or more. Refurbished items cost about 40 percent less.

Refurbished devices are often considerably cheaper than new ones. Some parts will even work better. Most used medical equipment is now sold for 40 percent less than when it was originally manufactured.

Quality Is Still Guaranteed

Refurbished goods have a bad reputation. Some people believe they are inferior to new items. Some institutions believe that refurbished products are inferior.

Some people believe that refurbished goods are inferior to new goods. But, in fact, refurbished goods are actually better than new. Some refurbished equipment is more reliable than new because reconditioned equipment is more durable. Those who process used equipment, like Prescott’s Inc., are usually able to find defects earlier and to find out if the item is still working properly. Manufacturers may only test samples from one batch of manufactured goods.

You Can Continue Providing A High Quality Of Patient Care

Manufacturers of medical equipment will always try to sell you the latest and greatest models. That’s how they make money, but the differences in performance are very minor. Because manufacturers want to sell you the newest and greatest equipment models; that’s how they make money.

But if you compare performance between one equipment model and another, you’ll find that any differences between the two are really minor. In some cases, they may even be nonexistent. And, in some cases, they’re even minor.

Patient care is generally the same whether you buy new or refurbished equipment. Functionality is almost identical between used and refurbished equipment.

It’s Easier For Staff To Use

It takes time to train staff to use new equipment; it can be difficult to find good training materials for old equipment. Sometimes, it’s hard for employees to work on new equipment because the general concept of the equipment is the same. But when someone resells the equipment used to make the original equipment work better, everything will be the same. There is always a period where people need to learn how to use new equipment.

You can buy used equipment by buying used equipment that is refurbished. It performs just as well as new, but it has the same controls as new.

It’s Easier To Source

Buying new medical equipment can take a while. It may take as long as several months. Lead times for sourcing new medical equipment can be weeks or months. And global chip shortages and supply chain disruptions are making things worse.

But the problem isn’t as acute in the refurbished medical equipment market. Purchasing used medical equipment usually takes only a few days. Sometimes, it is as easy as contacting a vendor and asking for a quote for a refurbished item. It takes just a few days to get a refurbished item.

It Improves Your Cash Flow

It is quite possible for a small medical practice to delay purchasing new equipment if they do not have enough cash on hand. Some clinics wait years for their patients’ demand to grow enough to justify the purchase of new medical equipment.

Even if you purchase new equipment, you won’t have to make any significant compromises, because refurbished medical equipment is very affordable. It is easier to get equipment that would benefit your patients right now than buying new items.