Healthcare Equipment is Paramount – Why Medical Equipment is Linked to Sucess

March 7th, 2011 |

Any healthcare clinic is judged on the quality of service it provides. This level of service is dictated by a clinic’s equipment and it’s safe to say that many patients will seek out clinics that offer the latest innovations in technology. Patients know what they want and will soon be turned off at the sight of dated equipment. Imagine a couple researching which clinic to visit for the first sonogram of their child – wouldn’t they want to go to a clinic with the latest and most comprehensive ultrasound machine? Why trust a dated piece of equipment for such an important event? Patients do not want to be tested or treated using old equipment and knowing this, can any clinic afford not to invest in its own future? Healthcare clinics that don’t will risk the consequences of competing against those that do. Their future will rely heavily on its ability to provide the latest innovations, and more importantly, it must do this before its competitors.

With an ever increasing population in the Middle East we have found ourselves in an evolving and competitive market that many healthcare providers are simply not in a position to take advantage of. Without a measured investment in technology, many will find that their patients soon stray in search of the most equipped clinics and hospitals. This period of growth has offered a fantastic opportunity in the healthcare sector as the demand for services in our region actually exceeds the facilities that are currently available; providing an idyllic opportunity for healthcare providers to meet the ever evolving expectations of their clients.

That said, it would be ignorant not to acknowledge that the amount of capital required to purchase or upgrade medical equipment of this type will, by and large, provide cash flow complications for almost any clinic. It is because of this that some specialist finance companies now have their own dedicated healthcare sector lending team. This team of professionals have practical experience and an in depth knowledge of not only the finance industry, but the latest healthcare technology, and more importantly, the ins and outs of purchasing it. Our healthcare team ensure that the process of financing medical equipment is one of simplicity for our clients, allowing them to build on their future with confidence.

During my time in the industry I have already seen an increase in the number of medical establishments looking to lead the way with their technological investments. One particular client is top of mind as I write this; with our support they invested over AED 19M in the latest equipment in their field and have almost instantaneously seen interest levels rise. This centre can now look to the future and really start to realise its full potential.

Extensive knowledge of this sector has given me, and many others I have worked with, a realistic insight in to the complications faced by clinics and small hospitals and this is why a range of practical and convenient products designed with these very establishments in mind exist. From interest only payments with our Essential plan to bullet payments and payment holidays with our Enhance plan, our products will support clinics regardless of their size or venture. Whether it be an established dental clinic looking to purchase a new dental system, a small hospital seeking to upgrade their radiology capabilities or a start-up medical clinic needing capital to equip their premises, a specialist team’s suite of healthcare products provide the practicality and tailored support needed to suit each individual centre.

There has never been a more apt time for clinics to invest and position themselves at the forefront of this dynamic sector. By working alongside a specialist finance company clinics will benefit from dealing with people who not only understand the financial landscape, but also the marketplace in which they operate. If a medical establishment is serious about achieving its goals, it should make sure its future is placed only in the hands of experts.

About the Author

Gulf Finance is an ambitious, progressive finance company licensed and regulated by the UAE Central Bank. We operate in the commercial and consumer markets, offering a variety of straightforward lending and deposit based products including Medical Equipment Financing.