Medical equipment leasing and medical devices lending is booming, thanks in part to the Affordable Care Act and other reforms.
But it’s also driven by the fact that the medical equipment industry is a big one, with about $3.2 trillion in assets and a growing workforce of more than 17 million.
Here’s a look at some of the big players in the business.
In a recent report by Bankrate.com, the firm found that in the past two years, medical equipment sales, rental rates and financing deals have been up.
But some of those deals aren’t for medical equipment, and in some cases, there’s a chance you could end up paying a higher price for a piece of equipment.
Here are the top five medical equipment deals of 2017:In 2017, there were $3,638 million in total medical equipment rentals.
But that was a drop from last year when the industry had nearly $5.5 billion in assets.
And the median rental price in 2017 was $1,200 a month, according to Bankrate’s report.
Rental rates on medical equipment were up about 2 percent last year, but that could be due to a few factors.
In addition to the fact the economy has been strong, there are a few new regulations in place to make medical equipment more affordable.
The Affordable Care Action Act and the Patient Protection and Affordable Care Reconciliation Act of 2010 have allowed hospitals to offer more comprehensive insurance options, so there’s been an influx of new patients.
In addition, the federal government has tightened requirements on medical providers, which means hospitals have to offer lower rates for patients who need a lot of care.
So, for example, if you have a hip replacement, you could get $5,000 in discounted rates from your insurer if you get a hip implant, which would lower your overall bill by about $10,000.
The second reason you could pay more for a medical equipment lease is the fact you’re paying for the labor and equipment.
This could be as much as $100 a month more than the rates you’d pay for a comparable loan, Bankrate noted.
But the third reason is the way the medical industry is structured.
In some ways, it’s like a mortgage.
You’re making a monthly payment on a loan, but then you’re responsible for the actual servicing of the loan, and then you get to take out another loan to pay for the servicing and other expenses.
If you’re in the medical device business, you’ll have to take on the risk of servicing these loans.
This means that you may end up with higher interest rates and more interest payments than if you’d been a lender on a normal mortgage.
“The medical equipment business is an industry that requires a high level of capital,” said Mark Shulman, chief financial officer of Medical Equipment Management Association, a trade group.
The medical device industry has had a tough year in many respects, Shulmann said.
“There’s been a lot more regulation in the industry.”
So how do you make a loan?
The best way to find a loan that meets your needs is to use a broker, who can recommend an investment to you, he said.
Another option is to go online.
Some financial advisers recommend the online lender Select Financial, which offers a range of products to help you choose the right loan, including mortgage products and equity products.
To learn more about medical equipment lending, check out this Consumer Affairs website.