One Stop Shop
Written By: Bryce Ray
I have worked at Med One for eight years. One element about working here I love is our ability to be the “One-Stop-Shop” hospitals use to acquire medical equipment. At our 2021 Annual Meeting, we rolled out a new 12-Month Rental Agreement program hospitals may utilize to get NEW medical equipment for a short 12-month term (yes – new equipment for a 12-month rental term with a low monthly payment). This program was rolled out as another way Med One is helping improve patient outcomes while also getting essential use medical equipment into hospitals with extremely flexible short terms. As I have done in the past, here I outline ways Med One is distinctive when compared to other finance and rental companies.
» Specialize in leasing, rental, and sale of medical equipment
» Non-bank privately held independent finance & rental company
» Nimble and niche lender focused on hospitals with an extremely high transaction approval rate
» 100% focused on providing value and creative options for hospitals to obtain essential-use medical equipment (short-term, peak-need rentals thru long-term financing)
» Significant investment in infrastructure that deals with ‘off-lease’ equipment, (including) a focused rental & sales group that re-deploys equipment into a secondary use
2020 Hospital Industry Data
(Chart #1) “U.S. Hospital Count Chart” shows the total hospital count from 2017 thru 2020. As you will see from the chart, in 2020, there was a slight decrease in the number of total U.S. Hospitals.
U.S. Hospital Count Chart (4 Year Trend)
| 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|
| Total Number of All U.S. Hospitals | 6,090 | 6,210 | 5,534 | 5,564 |
| Number of U.S. Community Hospitals | 5,141 | 5,262 | 4,840 | 4,862 |
| Number of Nongovernment Not-for-Profit Community Hospitals | 2,946 | 2,968 | 2,849 | 2,845 |
| Number of Investor-Owned (For-Profit) Community Hospitals | 1,233 | 1,322 | 1,035 | 1,034 |
| Number of State and Local Government Community Hospitals | 962 | 972 | 956 | 983 |
| Number of Federal Government Hospitals | 208 | 208 | 209 | 212 |
| Number of Nonfederal Psychiatric Hospitals | 625 | 620 | 397 | 401 |
| Other Hospitals | 116 | 120 | 88 | 89 |
(Chart #2) “Top 10 Largest Health Systems by # Hospitals” shows the total number of member hospitals by health system in the United States. HCA Healthcare is the largest for-profit health system, and CommonSpirit (formerly Dignity & Catholic Health Initiatives) is the largest non-profit health system.
Top 10 Largest Health Systems by # Hospitals
| # | Health System | # Hospitals |
|---|---|---|
| 1 | HCA Healthcare | 226 |
| 2 | CommonSpirit Health | 211 |
| 3 | Universal Health Services | 183 |
| 4 | Department of Veterans Affairs (VA Hospitals) | 168 |
| 5 | Select Medical Corporation | 135 |
| 6 | Encompass Health Corporation (FKA HealthSouth) | 128 |
| 7 | Ascension Health | 124 |
| 8 | Community Health Systems (AKA CHS) | 103 |
| 9 | LifePoint Health (FKA LifePoint Hospitals) | 91 |
| 10 | Tenet Healthcare | 90 |