Responding to tightening budgets due to the weak economy, RFID-enabled health care solutions provider RF Technologies has announced a new financing program to make it easier for hospitals to purchase the company’s monitoring systems.
The Safe Place Usage Program essentially offers a leasing program for RF Technologies’s Safe Place Infant, Pediatric, and ED Security Systems, giving health care facilities the option to install or upgrade a Safe Place system under a three-year payment plan, with no long term commitment and with the same benefits as an outright, up-front purchase of the system. The program requires monthly payments based on 80% of the hospital’s forecasted usage for the upcoming three years.
The fixed payments include an annual true-up calculation, so expenditure would increase only if the hospital exceeds its minimum commitment volumes by more than 5%. An clause in the contract also guards against obsolescence, giving the customer access to any upgrades during the life of the contract. At the end of the lease period, the system can be returned or the program can be extended.
“We feel we’ve developed a program that makes proper security a reality for every hospital. And, with a predictable, usage-based payment and technology obsolescence built into the program, it’s affordable and a risk-sharing proposition for our customers,” says Warner Pyne III, vice president of sales and marketing of RF Technologies’s Hospital Solutions division.
The company says interest in the program has already been high, especially among hospitals with capital expense problems and a need for technology upgrades. ![[end]](/resources/bullet/archive-4.gif)
