Medical Equipments for Hospital

Common Mistakes done in Medical Equipment Planning in a Hospital

August 16, 2022 • 6551 views

Hospitals and medical care facilities are the epicenter of emergencies. There are critical times when medical equipment planning is highly required. Over the years, there has been a significant increase in the population which has put immense pressure on the medical institutes. A medical professional must understand that a medical equipment loan will cover their needs by helping them in acquiring the right equipment at the right time. 

There are high chances that this can save a lot of lives. Medical emergencies are always unannounced – we have already experienced one such medical emergency with the outbreak of COVID-19. The shortage of oxygen cylinders and other important medical equipment caused havoc amongst people all over the world. 

This created an urge for medical equipment loans – it will not be used for emergency cases but also for planning any such instances in the future.  

Right equipment 

Hospital authorities must know which equipment will be used for the particular treatment. Generally, health professionals are busy with their day-to-day activities in the field of healthcare. They tend to forget the other aspects of the healthcare activities such as choosing the right equipment for their hospital. 
The professionals working at the hospital must audit which is equipment is currently required. Once that is done, they must check all are equipment available in the market. After finalizing the equipment and where to buy it, they must compare the prices. Lastly, they must apply for medical equipment loan if required. Medical equipment loans will assist them in acquiring the equipment faster. 

Equipment requirements

There are high chances that the equipment available in the hospital is not frequently used. There is particular equipment that needs to be placed at a particular location. For instance, oxygen cylinders need to be easily accessible in times of an emergency. At the time of emergencies, there is no thinking, you make a decision right away without putting much thought into the process. Knowing the right equipment requirements will save a lot of time and help medical professionals avoid any medical blunders. 

Training and improper use of equipment 

Every day there is a new technology and with constant technological advancements, you need proper training. In the last few years, we have seen the rise of various technologies that are being used especially in the medical industry. This creates an issue with  medical professionals such as doctors, nurses, and other medical staff. With the introduction of the latest medical equipment, you need training for that particular medical equipment. If in case the training is not provided to the medical professional, it might result in an improper use of equipment. And in case of emergency, such improper use of equipment can cause serious blunders.

Poor planning 

Poor planning can cause huge losses not only in case of medical emergencies but in every industry. The healthcare industry needs to be vigilant all the time even if there are not any medical emergencies currently. Planning allows them to tackle any situation with confidence and can save the lives of people. Poor planning not only impacts the lives of patients but also impacts the finances of the hospital. It can cause heavy loss to the finances of the hospital and might impact other operations as well. 

How to apply for Medical Equipment Loan with Poonawalla Fincorp?

You can apply for Medical Equipment Loan with Poonawalla Fincorp by following the below mentioned steps:
Step 1: Visit the official website of Poonawalla Fincorp 
Step 2: Click on the other loan section, and you will find Medical Equipment Loan section
Step 3: Click on ‘Apply Now’ under Medical Equipment Loan section 
Step 4: Upload the required documents and fill out the form 
Step 5: After verification of the details, your loan will be approved 

What are the benefits Medical Equipment loan with Poonawalla Fincorp?

  • Loan amount up to Rs.3 Crore
  • Attractive interest rates
  • Loan tenure up to 84 months
  • No hidden charges 
  • Minimal documentation 

In case you have no knowledge about medical equipment planning or have just started your own medical practice, you must hire a medical consultant. They will help you in better planning of medical equipment and tackle other financing challenges. 


We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Medical Equiment Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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