High quality diagnostics is what a medical laboratory needs to stay competitive and also help healthcare providers improve the quality of care. Advanced medical equipment is mandatory for timely and accurate diagnostic testing. Clinical laboratories with budget constraints are faced with the need to upgrade even in the face of increasing lab equipment costs. A reagent rental program can resolve the issue. This rental plan is widely accepted as an ideal option for lab professionals to improve their workflow. By tying the supply of quality lab equipment to the costs per tests (CPT) performed, leading lab equipment suppliers plan are helping laboratories acquire advanced instruments without having to pay for them upfront.
Features of a typical reagent rental program
This Cost per Test (CPT) plan is a tie up between the laboratory equipment supplier and a medical laboratory for a specific period of time. It works on the basis of the minimum number of tests required to be done each month on the instrument supplied under the plan. Labs can come overcome their financial constraints as they have flexibility to pay for the tests on a monthly basis. The equipment dealer supplies the lab with the required equipment in exchange of the guarantee of reagent usage for the stipulated period. The cost of the instrument and the cost to lease is spread out over the agreement period.
Reagent rental programs enhance lab efficiency
When we look close to the health industry, we could see that small labs with budget limits are striving hard to carry out the lab operations and sometimes they may need to keep tests on hold due to inefficiency in purchasing costly laboratory equipment. With introduction of reagent rental plan, this story is outdated. By making using of this plan, they can come across lots of benefits which include the following.
- No huge one-time payment Convenient monthly payments No need to take huge bank loans for equipment purchase Access to the latest technology without high capital investment Reduced costs per test on standard lab equipment Onsite training at installation time Service may be included in the plan, saving on maintenance expenses No issues related to outdated equipment Overall efficiency in output with improved balance sheets
The use of advanced equipment helps labs improve turnaround time. It also allows them to help physicians improve patient care with accurate and timely diagnostic results.
A reagent rental plan includes the cost of the equipment, cost of the lease and the cost of each reagent. A reliable dealer would also include service. All this makes it a feasible option for labs looking to expand testing and research. Lab equipment stores are now offering reagent-linked rental programs for advanced chemistry and immunoassay analyzers and other instruments from industry leaders such as Beckman Coulter, DPC/Siemens, and Tosoh. These arrangements are helping lab professionals improve their workflow and efficiency without the need for outright purchase of new medical lab equipment.