Durable Medical Equipment Financing

Get the Medical Equipment You Need

 

If you’re looking for durable medical equipment financing, you must keep in mind of criteria for your equipment. Durable medical equipment is defined, in part, as any piece of medical equipment prescribed to someone by a physician for use in the patient’s home for therapeutic benefits, due to a medical condition or illness. It must meet these criteria:

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• Can be reused over and over

• Used for only medical purposes

• Must be used for a specific condition (medical)

• Primarily used in the patient’s own home

• Will last for at least three consecutive years

 

Most insurance companies will pay for or reimburse for this type of equipment if the criteria are met.  Also if the equipment provided does not serve any significant non-medical purposes such as air conditioners, air filtration or humidifiers. As our population continues to increase and life spans get longer, this type of equipment is becoming more necessary than ever before. Many patients are choosing to receive much of their care as possible within their own homes instead of in a facility. Durable medical equipment can make that much more possible for them. If you are a company that provides this service and are in need of better or more equipment to offer but has limited cash on hand, it is certainly possible to obtain financing in order to upgrade or grow your inventory.

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