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Should I Rent or Buy Medical Equipment

Should I Rent or Buy Medical Equipment

Dan Steffes |

Whether to rent or buy medical equipment depends on several factors, including the nature and duration of the medical condition, the cost of the equipment, and your insurance coverage. Here are some things to consider when deciding whether to rent or buy medical equipment:

  1. Duration of use: If you will only need the equipment for a short period, it may be more cost-effective to rent rather than buy.

  2. Insurance coverage: Check with your insurance provider to see what equipment is covered and whether it is more cost-effective to rent or buy. Please note, most insurances DO NOT cover short term rentals. 

  3. Cost: Consider the cost of the equipment versus the cost of renting it. In some cases, buying the equipment may be more expensive upfront, but may be more cost-effective in the long run.

  4. Maintenance and repair: If you buy the equipment, you will be responsible for maintenance and repair costs. If you rent, these costs will be covered by the rental company.

  5. Resale value: Some medical equipment, such as electric wheelchairs or hospital beds, may have a good resale value if you decide to sell them later on.

Ultimately, the decision to rent or buy medical equipment depends on your individual circumstances. It may be helpful to consult with your healthcare provider or a medical equipment specialist (such as Dahl Medical Supply) to help you make an informed decision.