“The cost effectiveness of that investment yielded an added revenue stream of 7X the cost of the equipment in the first full year of operation.” – Jonathan M. Banta, Executive VP
What have Hospital Administrators missed?
Every C-Leveled executive faces many challenges; however, the C-Leveled hospital administrator faces a unique array of challenges in this new market. These issues include the Affordable Care Act (ACA), cuts in reimbursement by Medicare and Medicaid, and escalating costs. The old model of working with a value analysis team and supply chain to balance out the right mix of supplies and capital equipment with GPO pricing simply is not enough to handle the new hurdles created in today’s market. The executive needs to consider new alternatives in the purchasing supply chain. One such tool is purchasing high quality remanufactured capital equipment.
Remanufactured equipment can lower acquisition costs, increase ROI and be a green alternative to new capital equipment. On average, the acquisition cost of a remanufactured piece of equipment is 30% to 60% below the OEM price. Furthermore, remanufactured equipment allows the administrator to cut costs without decreasing services therefore providing an alternative that will meet their budgetary goals while maintaining high quality outcomes. Before finalizing your next capital purchase, consider the benefits of purchasing remanufactured equipment. This alternative will give the hospital administrator a tool to ease some of the constraints in the current healthcare arena and improve their bottom line.
The following testimonial is just one example of a C-Leveled executive who has embraced the value proposition of remanufactured equipment:
“As reimbursement cuts continue to dominate the healthcare industry, management is tasked with uncovering new revenue opportunities that help off-set the lost revenue every year. At the end of 2012, we made a business decision to purchase remanufactured laboratory equipment from Medical Equipment Source to start our new lab. Wendy, Luigi and the rest of the team at Medical Equipment Source assisted us in all aspects of designing and building the lab as well as helped us choose the equipment that best fit our needs. The cost effectiveness of that investment yielded an added revenue stream of 7X the cost of the equipment in the first full year of operation. We have been thrilled with the quality of the equipment and post-sale support and have been thoroughly impressed by MES’ “under-sell” and “over-deliver” mentality and constant commitment to excellence. We believe we have a found a true partner for all of our lab equipment needs going forward.”
Jonathan M. Banta
Executive Vice President
Dermatology & Skin Cancer Surgery Center
Director of Sales
Medical Equipment Source