CON102: New Medical Equipment: Buy or Not to Buy

Eligible for: ACMPE: 1 | ACHE: 1 | CEU: 1 | CME(AAPC*): 1 | CPE: 1.2 | PDC: 1
Traditional | Intermediate | Analysis
* This session is included in the 2025 MGMA Summit education program.

For medical practices, securing the latest medical equipment is essential for an array of reasons from providing the latest patient care to market differentiation. Whether the practice is part of an integrated healthcare delivery system or independent – similar objective considerations and analysis should be employed. Updating or acquiring new devices or equipment can be a challenge, especially given the procurement costs and rapid technological advancements. Access to capital for outright purchasing, or leasing costs at certain interest rates and terms have been historical considerations. New consignment or placement agreements have risen in popularity in a post pandemic delivery climate; but come with a slew of potential compliance and long-term liability issues. In this highly interactive and thought-provoking session, we will objectively and critically examine the most important considerations in making the determination for new medical equipment acquisition. We will discuss financial and operational models whilst providing actionable insights.