In this week’s episode Jeff Richmond will be sharing methods and best practices you can use when purchasing new equipment for your practice. He will share a list of things you should keep in mind everytime you are about to purchase a new or used equipment. Listen to this insightful episode on Buying Smart – Buying Safe and make the right decision with your future purchases.
Key Discussion Points:
- How do you choose the procedures?
- How to think about your investment dollars?
- Cash Flow and financing or Purchase and ROI
- ROI
- Marketing Plans
- Profits
- Tax Savings
- Negotiations
- How to get the best deal from your rep?
Key Highlights
- How do you choose the procedures?
- How do I buy or pick the right equipment?
- How to think of your long term goals when making purchases?
- What is the procedure I should focus on for my practice?
- What is the specialty that makes me & my practice unique & special?
- What wavelengths or what energy sources do you require?
- How to look for the manufacturers who have what you need?
- Is your practice focused on Volume centric business?
- How to build your practice and focus on bringing in more new patients?
- How to focus on more low-cost high volume procedures?
- Are you an established practice and want to make more money yet work less?
- How to increase per hour per room revenue?
- Focus on procedures which demand a higher rate
- Is social media the best way to get scientific information?
- Established manufacturer relationships and FDA clearance on technology
- Cash Flow and financing Versus Purchase; What will your ROI look like?
- How to decide to pay for the equipment?
- What is the ROI redundant?
- Buying used equipment and the risks – what you need to know?
- Equipment line of credit – what you need to know?
- Tax savings – what you need to know?
- Negotiating – how to get a good deal?
- How to negotiate with a sales representative?
- Conclusion