Reagent Rental Programs Help Low Budget Labs Boost Productivity

Labs with budget constraints find it difficult to purchase advanced equipment designed to offer quick and accurate test results. They would even have to postpone tests. All of this would affect their productivity. It is to resolve this problem that leading lab equipment suppliers offer reagent rental programs, a option for labs with financial limitations. These programs allow them to utilize advanced models of laboratory equipment in exchange of the guaranteed reagent usage for a specific period - without having to pay for the device upfront.

What a Reagent Rental Plan involves?

The program is a Cost per Test (CPT) plan that the lab equipment supplier offers the laboratory. It is valid for a specific time period. Labs can acquire the laboratory instrument offered under the plan in exchange for the guaranteed reagent purchase from the laboratory equipment store for the period of the plan.  The payment is spread out as convenient monthly installments. This ensures that the lab can utilize the equipment it needs without having to pay for it upfront. This is a great option for low budget labs.

Advantages of Reagent Rental Plans

Technology is advancing at a rapid pace and if laboratories want to stay competitive, they must take advantage of these developments. However, new devices that incorporate the latest technology which can enhance lab productivity to a great extent are very expensive. Even labs that wish to upgrade to new systems find it difficult to afford them. The reagent rental program allows labs to utilize brand new models without worrying about funds for purchase. Once the period of the agreement expires, they can enroll in a new reagent rental plan to acquire a more advanced model. The important benefits of this arrangement are

• No need for a huge one-time investment
• Avoids the complexities of bank loans
• Convenient monthly payments
• Enhanced turnaround time
• Reduced costs per test
• Improved patient care with minimal expense
• Enhanced test efficiency and an improved balance sheet

Such rental plans are based on the exclusive purchase of reagents from the supplier that offers the lab equipment and labs should know purchasing reagents from another source would nullify the agreement and require the return of the equipment.

It is important that labs wishing to enroll in a reagent rental plan opt for one offered by a reliable supplier. The reagent rental programs that reputable dealers offer would cover advanced lab equipment such as chemistry and immunoassay analyzers from leading brands such as DPC/Siemens, Beckman Coulter, and Tosoh.

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