Making Medical Equipment Easily Available

Written By: Bryce Ray

I was a full-fledged Med One fan long before becoming an employee in October of 2013. From the time I understood the Med One mission and purpose, I believed in it and I wanted to offer my deep healthcare experience and skills to help make medical equipment easily available to all hospitals and healthcare providers. Today, as the Chief Credit Officer at Med One I oversee the lending function and work closely with our sales team and customers to get our customers the medical equipment they require.

In May 2018, at our Annual Meeting I shared a picture on LinkedIn of our banner that states “Making Medical Equipment Available” Equipment Leasing, Equipment Rental, Equipment Sales and Biomedical Services. What other company offers all these services to hospitals within the same enterprise? Answer = None to my knowledge, which makes what Med One is doing so special and exciting. Additionally, for a hospital to have just one vendor relationship offering so many services truly improves the providers efficiency in today’s fast paced and competitive healthcare marketplace. To over simplify, a hospital can make just one call and Med One can help them solve their equipment procurement needs.

Did you know that Med One’s credit approval process is simple, fast, and hospital friendly? Med One is a niche lender which is great for our customers, as we truly understand the nuances within the healthcare industry. We know our customers. Med One has unique access to industry data, financials and our own proprietary information which makes the credit review process extremely fast, painless and easy for customers.

Furthermore, our lease/rental agreements are short, straight forward, and written with our hospitals in mind. It simply is our goal to offer a document and structure that works for hospitals. Within our portfolio we have leases with hospitals of all sizes and structures tailored to the hospitals individual needs. From a short-term rental, same as cash, deferral and to a long-term capital lease, we offer it all to our customers.

Over the past few years the United States has experienced a strong and stable economy. Recently, due to the healthy economic conditions the Federal Reserve has raised interest rates and it plans to continue to do so throughout 2018 and 2019 (overall 5 increases are forecasted over the next 18 months). Bottom line is that NOW is a great time to let Med One “solutionize” the right structure, payment and take advantage of how we Make Medical Equipment Easily Available.