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How Leasing Can Help You Open A Physiotherapy Clinic

10 Sep 2023

How Leasing Can Help You Open A Physiotherapy Clinic

Did you know that you do not have to pay for all of your physiotherapy equipment all at once! Infact, there are even options that allow you to not pay for 6 months! 

Leasing is an option that can help you open a clinic or help you afford new equipment before you thought you could

The Benefits of Leasing

Tax Deductions - Lease payments are tax deductible! When you start out this may not make a big difference, but as your clinic grows, you will be able to make use of the deductibles. Speak with your accountant to find out how to maximize your yearly deductibles

Affordability – If you do not have the money upfront for clinic equipment, but you can handle making payments, leasing may be a good option for you. You are able to choose how long your lease is. The longer the lease, the smaller the monthly payment

Invest In Yourself – Expanding the services in your clinic is one of the easiest ways to increase revenue from your existing client base. If a lease costs you $100 per month and you bring in an additional $800 per month, that’s a good investment and may be easier to justify than making the investment all at once.

Don't Pay for 6 Months! - Opening A new clinic has many challenges. With a limited budget, choosing a lease option that allows you to not pay for 6 months will allow you to use your funds elsewhere like client acquisition

What Items Can Be Leased

  • Your entire clinic build out – Yes, the whole build
  • All or part of your clinic equipment

We only recommend leasing larger equipment and paying for consumable items upfront.

It is very common for clinics to lease larger pieces of equipment like shockwaves, treatment tables and other new technologies

How Long Do Leases Last

Most leasing agencies will give you options. The longer your lease is, the lower the monthly payment will be. The leasing company that we work with will even offer you to not pay for 6 months, which can be beneficial to a clinic which is just starting and may not have a full patient schedule

What Happens After a Lease Is Over

This depends entirely on which company you choose to lease with. Ultimately you will have to decide whether you want to buyout your equipment and keep it, or return it to the leasing agency

At HealthMed we work with a leasing agent that has the following terms, but you can work with any leasing company you want to

  • A $10 buyout once the lease is ended - Industry standard is a 10% buyout. There is a huge difference in these two terms, which is why we like our leasing agent so much.
  • Lease holder gets first pick to decide if they will keep the equipment – Some leasing companies automatically give the rights to an external company, so read your lease carefully

Our Favourite Treatment Table Styles

3 Section Physiotherapy Tables - EL20033 Section Physiotherapy Tables - EL2003
3 Section Physiotherapy Tables - EL2003
The Eurolift 2003 is the most commonly ordered therapy table by Kor Innovations The high quality of the KOR Eurolift tables will withstand heavy use in any therapy clinic environment. This is the therapists table that you buy once and maintain for many years to come. ...
5 section Physiotherapy Table - KOR Tables5 section Physiotherapy Table - KOR Tables
5 section Physiotherapy Table - KOR Tables
The 5 section physiotherapy table by Kor Innovations offers all of your favourite options by Kor including armrests This treatment table is a good option for clinics looking to have a table for both massage and physiotherapy treatments   Width: 26″ / 660mm (other widths...
Eurolift 2002 Osteo - Kor TableEurolift 2002 Osteo - Kor Table
Eurolift 2002 Osteo - Kor Table
The Eurolift 2002 Osteo Therapy Table is designed with the Osteopathic Therapist in mind.  This therapy table features a two section top with sturdy arm rest. The leg section raises and locks into place with friction locks. Friction locks help hold locking ability over...
3 Section Massage Table - Kor Tables
3 Section Massage Table - Kor Tables
  The 3 section Massage Table by Kor Innovations is a basic massage table designed for clinics that don't want to have arm rests on their table The 3" comfort foam makes treatments extra comfortable     Additional Options: Casters are especially useful for...
Eurolift 2002 - Two Section Table Lifting BackrestEurolift 2002 - Two Section Table Lifting Backrest
Eurolift 2002 - Two Section Table Lifting Backrest
The EL2002 is from the line of Kor Therapy Tables. It has 2 sections, one that will raise and lower as you need. This two-section table can come in a couple of styles depending on which side you would like to raise and lower...
Vendor:
Kor Naturopathic Table
$0.00 CAD
Kor Naturopathic TableKor Naturopathic Table
Kor Naturopathic Table
This Naturopathic therapy treatment table changes to meet the needs of your busy therapy clinic by providing an option for internal exams or manual therapy. The included arm rests will provide your therapy patients with a more comfortable treatment experience. Width: 26″  / 660mm...
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