The latest technology and diagnostic equipment are paramount to your practice success, represent important profit centers and help yield the highest level of patient care.
According to Oxford Journal’s The Quarterly Journal of Economics, investment in machinery and equipment has a strong association with growth. Each extra percent GDP invested in your healthcare equipment is associated with an increase in GDP growth of one-third of one percent per year, yielding 30% annual growth. This is a much stronger association between growth and any other components of investments. For the latest depreciation write-off advantages, click here: section179.org.
Regarding implementation of new equipment, MDcpas can help you forecast revenue based on your existing patient base, forecast revenue based on a prospective patient base, prepare a cost/benefit analysis and help procure the appropriate kind of financing for the project. We will also recommend the appropriate period for financing, aiding your existing cash flow and future budgetary cash flow needs.
