Medical equipment finance: A seamless way to invest, grow and expand your practice

To say that doctors have made a significant investment in their personal skills and education is a massive understatement. Every medical practitioner knows all too well the time, cost and effort it takes to achieve their career goals.  

However, the investment doesn’t stop there.  

As technology advances at a rapid pace, medical practices need to continually invest in the latest equipment. 

Jeremy Stagg, Head of Avant Finance, South Australia, explains, “We know from our conversations with doctors that investing in practice equipment achieves two important goals. 

“Firstly, it allows doctors to provide the very best health care possible, and secondly, the new equipment generates additional income as patients, understandably, want to be treated at a practice where they will be supported by the latest technology.” 

The upshot, according to Jeremy, is that investing in medical equipment allows a doctor to be the best practitioner possible while giving their business a competitive advantage. 

Fast-tracked equipment finance for time-poor doctors 

The downside of investing in medical equipment has traditionally been the time taken to apply for, organise, and secure finance.  

“It’s still common for banks to have a drawn out application process – where doctors are expected to fill out reams of paperwork, provide financials, and then wait patiently through an often protracted approval period,” says Jeremy.  

“It’s stressful for time-poor doctors, and it simply doesn’t make sense.   

“At Avant, we realise that a doctor who invests in practice equipment is also investing in their income earning capability. That’s why we offer streamlined equipment finance,” Jeremy explains. 

Equipment finance in as fast as one business day 

Avant has done away with lengthy forms and fast-tracked the approval process for business equipment loans.  Importantly, no financials are required up to a predetermined limit. 

Jeremy Stagg explains the steps involved. 

“It starts with a phone call. We help doctors fill in a basic online form. That typically takes just a few minutes.  

“Avant checks a doctor’s medical registration details, and from there we’ll have a chat with the doctor’s tax adviser to work out the most tax-effective lending structure.” 

“The whole process – from the initial conversation with Avant through to paying a supplier for a piece of medical equipment, may be as fast as one business day,” says Jeremy. 

^{A fast process lets doctors leverage savings} 

The speed and ease of Avant’s equipment finance really sets us apart. 

“It’s very much about the process,” notes Jeremy. “We want it to be as seamless as possible for doctors – and we recognise that the purchase of equipment strengthens a doctor’s practice. Avant understands that it is in a doctor’s best interests to invest in new equipment.” 

A swift process doesn’t just allow doctors to equip their practice with the latest technology. It also offers opportunities for doctors to leverage concessional prices that may be available for limited periods such as at the end of the calendar year or financial year. 

To find out more about how Avant can streamline your next equipment purchase, visit our Equipment Finance Doctors page or request a free consultation with one of Avant’s medical finance specialists.