How medical equipment financing Works
Negus med Clinibuilds offers creative medical equipment financing options ideal for any healthcare provider. Our focus is on transparency, requiring just a few pages of easy paperwork. With decades of experience in healthcare financing, our team creates flexible solutions allowing facilities to get the best equipment while using the simplest leasing process available today.
Why Facilities Choose Negus Med Clinibuilds
- Transparency: We aim to make our customers happy from the beginning through the end of the lease. <br>
- Experts in the Healthcare Market: We have decades of experience in healthcare, so we know your equipment.
- Simple and Responsive Process: Leasing doesn’t need to be complicated, so we make documentation simple for you.
- Quick Credit Reviews: Same day review and approval process.
- Vendor Relationships: Our relationships with top equipment vendors allow you to get the newest equipment on the market
Key Benefits
- Simple financing agreement
- Dedicated local support to assist you through the entire process
- Competitive pricing with flexible payment terms
- Straightforward credit review and approval process
- Acquire the latest technology
Financing solutions available
We have flexible finance options that fit your needs and budget
Overview
The customer commits to a fixed term of rental payments. At the end of the lease term, the customer owns the equipment with a Ksh 1.00 buyout. There is no option to return this equipment. Rather, the purpose of this program is simply to finance the equipment over a specified term when cash is not available for immediate purchase. Completing a capital lease through clinibuilds is simply a matter of signing a two-page proposal document and issuing a purchase order. Both the signed document and PO are then sent directly to clinibuilds. This program is also known as Rent-to-Own or Ksh 1.00 Buyout Lease.
Key Benefits
1- Pre-determined rental term
2- Ksh 1.00 buyout at end of term
3- Provides a budget-friendly way to acquire equipment
4- Simple documentation
5- Utilizes customer’s capital budget
6- Provides customer with low monthly payments
Overview
The customer commits to make monthly payments based on an established term. When the term ends, the equipment can either be purchased based on its fair market value, rented for an additional 12 months, or returned to Clinibuilds with no further obligation. Completing an operating lease through clinibulds is simply a matter of signing a proposal document and issuing a purchase order. Both the signed document and the PO are then sent directly to Clinibuilds.
Key Benefits
1- Fixed term
2- Gives customer the absolute lowest possible monthly payment
3- Customer can purchase equipment at end of term at fair market value
4- Customer can return equipment at end of term with no further obligation
5- Utilizes customer’s operating budget
6- Simple agreement
Overview
The customer signs a simple rental document and issues a rental purchase order to Clinibuilds and receives brand new equipment direct from the manufacturer. After the initial term, the customer can continue to rent the equipment with 50% of all payments going towards the purchase price. Payments are made from the customer’s operating budget.
Key Benefits
1- Customer receives brand new equipment
2- Approval process normally within one hour
3- Simple documentation
4- 50% of each payment credited towards purchase
5- Equipment may be returned at any time after initial term
6- No obligations to purchase equipment
Overview
Many assets are acquired by hospitals to aid in generating revenue, but it may take several months for some equipment to produce revenue growth to offset a buyer’s initial investment in the technology. A step–up payment plan provides a customer with a very low initial payment, which increases over time to match the expected flow of revenue generated from the new technology. Like all clinibuilds lease solutions, the documentation is extremely simple and straightforward.
Key Benefits
1- Small initial monthly payment
2- Payment gradually increases as equipment generates revenue
3- Receive new equipment at a very low initial payment
4- Addresses near-term cash flow concerns
5- Provides access to new technology
6- Simple documentation
Overview
Many customers with the need for new equipment do not have allocated budget for such purchases. We do many deals on the basis of 3, 6, or 12-month deferral of payments. This is followed by defined monthly payments or a balloon payment. This option allows purchase-minded customers to get equipment now and pay for it later. Like all clinibuilds lease solutions, the documentation is extremely simple and straightforward.
Key Benefits
1- Defer lease payments 3, 6, or 12 months
2- Pay monthly or balloon payment after deferral
3- Receive new equipment now and pay for it later
4- Addresses near-term cash flow concerns
5- Provides access to new technology
6- Simple documentation
Apply For financing
Take the first step in our application process by answering a few quick questions. After submitting, we'll reach out to you about moving forward with financing options
Equipment Available for financing
FAQs (Frequently asked Questions)
Equipment leasing works in 5 simple steps:
- Discuss Needs: When you contact us, we’ll discuss your needs and work to customize a unique pricing proposal for you and your needs.
- The Customer Hospital Signs Agreement: After we discuss your needs, we will send over a proposal within an hour. Once you have reviewed the proposal and are ready to proceed, sign and return the agreement and purchase order.
- Equipment is transported and delivered: Upon receiving the signed agreement and purchase order, Clinibuilds will begin processing your order instantly to delivered.
- Delivery and Acceptance: A delivery and acceptance certificate will be emailed once your order has shipped. This needs to be signed and returned to Clinibuilds. This allows us to activate the account and invoice.
- Vendor Gets Paid: Med One finishes the deal by paying the vendor for equipment. The vendor gets the full credit for the sale, and the hospital can provide better patient care
There are 6 different types of lease financing that we provide:
- Step-Up Option: Provides the customer with a low initial payment, which increases over time to match the expected flow of revenue generated from the new technology.
- Deferred: 3, 6, or 12-month periods followed by monthly defined payments or balloon payments. This option allows purchase-minded customers to get equipment now and pay for it later.
- Capital Lease: At the end of the term, the customer owns the equipment with a buyout. No option to return equipment.
- Operating Lease: Make monthly payments based on pre-established terms. After the term is fulfilled, the equipment can be purchased based on fair market value, rented for an extended period, or returned.
- Equity Rental: After the initial rental term, the customer can continue to rent the equipment with 50% of all payments towards the purchase price. Payments are made from the customer’s operating budget.
Leasing offers a wide variety of benefits for customers. Here are some of the most important benefits we believe in:
- No Upfront Money is Required: The customer receives equipment quickly, and cash can be used for other purposes.
- Low Monthly Payments: Leasing costs less than paying cash, renting, or acquiring debt through other means.
- Equipment Management: When you lease, there is no fear of the technology of your equipment becoming obsolete or running into life expectancy issues. At the end of the lease term, the customer can either return the equipment or extend the lease. No risk of keeping outdated equipment.
- Costs Moved Off Balance Sheet: The costs can be paid from the hospital’s operating budget and does not show up on the balance sheet. This, in turn, frees up capital and improves the financial status of the hospital.
- Simple Process: Less documentation. Only a few pages. Deals are processed in hours.
- Customization: Med One takes pride in customizing each deal we make to meet the needs of the customer and the vendor.
CAPITAL BUDGET: Money for new construction, remodeling, furniture, and most equipment.
OPERATING BUDGET: Money for salaries, advertising, and disposable products.
- CAPITAL LEASE: Capital budget with a Ksh 1.00 buyout at the end. This is like buying a house—monthly payments are made to pay off equipment.
- OPERATING LEASE: The customer only uses the operating budget for a set amount of time, like a car lease. At the end of the term, the items are returned, purchased, or the leasing term is extended.
- EQUITY RENTAL: Utilizes the operating budget and allows for brand new equipment while renting. 50% of each payment is credited towards buying the equipment.
When it comes to financing equipment, you are not able to use the base loan as a tax write-off, but the interest paid each month can be considered a tax deduction for most equipment loans