Medical Equipment Appraisals: Timely, Economical, and Accurate
We provide appraisals on all types of medical equipment for all purposes and needs and we can usually turn around such appraisals in less than one week. The following are the primary reasons equipment appraisals are performed.
Purchase: When you purchase used medical equipment, you want to know its value beforehand. Many times, organizations will sell equipment for too little or buyers will pay too much. We can provide the fair market value of medical equipment. The cost of medical equipment for the strained budget of a health care organization always represents a significant line item on the budget.
Sale: As with the above purpose, it is important to receive a fair value for your old equipment. Our involvement and appraisal ensures that you will get a representative value for that equipment. Medical equipment can vary greatly in condition, age, and amenities. The proper value can be elusive. We can help overcome that.
Insurance Replacement Cost Reports: We assist both insurance companies and health care providers by providing high-quality, timely replacement cost reports of any health care organization and its assets. We have a detailed and abbreviated program for estimating replacement cost, depending on the clients preference.
Donations: In-kind donations of medical equipment or other tangible and intangible assets by the public, by physicians, or by others, represent a significant annual supplement to health care organizations. Donors are eligible to receive significant tax relief for their donations to non-profit organizations. We provide appraisals that document the value of the donation at the time of bequest.
Updating Balance Sheet: Periodically, health care organizations update their balance sheets by obtaining a fair market value of their equipment and other tangible assets. Typically, accountants use depreciation tables, which are not necessarily reflective of "market value." We can provide appraisals of equipment, furnishings, and other assets to ensure that the organization's balance sheet is current and accurate on the equipment (assets) section.
End of Lease Values: Occasionally hospitals and other health care organizations purchase equipment from expired leases. When this happens, the lease companies sell the equipment on the open market, but first they usually discuss the option with the lease holder. Usually, the medical equipment is 5 or 7 years old and possesses a fair market value of a significantly decreased value. We provide these values.
Have questions?
Contact us at 760-212-7151 or contacting us with any questions, or for more information.
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Publication on Medical Equipment Useful Lives. We were contributing authors to the AHA 2009 Estimated Useful Lives of Depreciable Hospital Assets. You may find it valuable.
