title: Funding technology: evaluating and exercising the leasing option.
abstract: Tax-exempt capital leases, when structured through the appropriate conduit authority, are an excellent option for financing equipment that the hospital wants to own. Operating leases offer the benefits of immediate cash flow savings when compared with buying equipment, fewer complications and lower upfront costs when compared with bond issues, and the ability to match short-term assets with short-term liabilities. A best-practice leasing process involves nine steps progressing from assessing needs and soliciting bids from equipment manufacturers to implementing the lease and providing continuing disclosure.
authors.affiliation: Kaufman Hall & Associates, Inc, Skokie, IL, USA. mmcintire@kaufmanhall.com
authors.forename: Mark
authors.initials: M
authors.lastname: McIntire
authors.forename: David J
authors.initials: DJ
authors.lastname: Waldron
mesh_terms: D019985:Benchmarking; D020811:Biomedical Technology / Q000191:economics*; D002202:Capital Financing / Q000379:methods*; D003164:Competitive Bidding; D005377:Financial Management, Hospital / Q000379:methods*; D017721:Hospital Costs; D007860:Leasing, Property / Q000191:economics*; D020380:Needs Assessment; D019464:Tax Exemption; D014481:United States