Complete EMR System Integration Financing
Successfully implementing Electronic Medical Records (EMR) and Electronic Health Records (EHR) across the Country will greatly depend on the healthcare industry's cooperation and participation nationwide embracing the long term cost savings and effectiveness of implementing EMR/EHR for the entirel healthcare industry. Before medical providers can integrate an effective EHR environment they must first implement a complete EMR System. Both an EMR and EHR are cohesive interfaces and are equally crucial for improving the quality and proficiency of healthcare in America. Lease financing is the most popular financing method being used by the healthcare industry to gain access to additional capital.
A Non-Tax/Capital Lease and the Equipment Finance Agreement are the most common and favorable financing solution and the cost involved with health information technology upgrades or new integration as it is considered an ownership purchase (same as cash purchase) for tax purposes by the IRS. In other words, equipment that is bought outright or leased and put into meaningfull use the same tax year, the business can deduct the full purchase price from their gross income in the same tax year it is purchased or leased allowing a faster recover of the cost versus expensing a little each tax year from the purchase for the life of the equipment.
If your business is small to medium especially, electing to lease finance the high cost of capital assets and conserve your hard earned working capital dollars needed to operate daily, is simply, a cost-effective business decision especially in a slow economy. Business can avoid a large cash outlay and still acquire revenue producing equipment with 100% financing, including soft cost, under a short or long-term low fixed rate monthly payment plan. Unlike traditional financing, a lease finance almost never requires additional collateral, or a down payment or security deposit to secure the transaction. When you combine all the benefits of a lease with the increase limits for section 179 deductions for tax year 2010 and 2011, cash flow will improve
At Sun South Equipment Leasing we specialize in equipment leasing and equipment financing to many industries looking to expand and grow their business without a huge capital outlay up front. You will find our programs to be affordable, our rates competitive, and provide the flexibilty you need to increase working capital. Our expertise and vast experience in the leasing industry allows Sun South to work with our customers on an individualized basis and custom tailor a financial solution that meets the operational structure of the business.