Medical Equipment Appraisals
Medical Equipment Appraisal:
We appraise all types of medical equipment in a timely and economical manner. The tangible assets of a typical physician practice can be inventoried and valued in approximately one week. Further, we appraise medical equipment for all purposes and needs. A large percentage of our medical equipment appraisals are for imaging equipment for either purchase, sale, lease, or insurance purposes. Another significant portion of our equipment appraisal work is the inventory and appraisal of complete physician practices, clinics, and hospitals.
We Offer the Most Competitive Rates:
Our medical equipment valuation rates are extremely competitive. In fact, if you find another professional appraisal firm with a bid to appraise the equipment lower than our quoted fee, we will not only match it, we will reduce it another 5%. And our appraisals come with the expertise of having specialized in health care equipment since 1992.
Primary Reasons Equipment Appraisals are Performed.
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.
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.
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 – 7 years old and has a significantly decreased value. We provide these values.
Have questions? Feel free to get in touch with us by phone, email, or fax.