4 Easy Steps to Uncover the Total Cost of Ownership for Medical Equipment
Medical equipment planning can have an impact on your organization for years. Medical equipment can cost (or save) your organization far more than the purchase price. This accounting concept is known as the total cost of ownership (TCO). As the name suggests, it encompasses the entire lifecycle of medical equipment, from the initial purchase, to the indirect
costs of operating and maintaining the machinery over the years.
Taking this long-term view of equipment is a critical step to mitigating financial risks and ensuring profitability. In some ways, the sticker price is one of the least important factors when it comes to making a decision. But calculating the total cost of ownership can be complicated and labor-intensive.
Taking this long-term view of equipment is a critical step to mitigating financial risks and ensuring profitability. In some ways, the sticker price is one of the least important factors when it comes to making a decision. But calculating the total cost of ownership can be complicated and labor-intensive.
