Modernizing your physiotherapy or chiropractic practice is a real investment, especially in equipment and technology.
So, how to prioritize where to modernize first?
- What equipment do you have today that doesn’t reflect the most current advancements in the technology for the applicable therapy or equipment?
- Are there other treatments you would like to offer but aren’t currently able to, mainly because you lack the equipment or technology to do so?
- What provides financial flexibility, making a purchase feasible?
- Potential to produce revenue.
Shockwave therapy is an excellent way to modernize your clinic. Offering shockwave therapy is a game-changing decision that enhances patient care and drives profitability. This blog dives into the various options for offering this ground-breaking technology—buying, leasing, or financing—and highlights the massive revenue opportunities it presents.
Understanding shockwave therapy equipment
Shockwave therapy is a non-invasive treatment that utilizes acoustic waves to treat musculoskeletal pain, effectively targeting conditions like tendonitis, plantar fasciitis, and even chronic low back pain. Patients often require around three sessions, each priced at approximately $100. Thus, a single patient can generate up to $300 in revenue through shockwave therapy alone.
Financial options: Buying, leasing, and financing
When considering investing in shockwave therapy equipment, Shockwave Canada offers three options: purchasing the equipment outright, leasing it, or financing the purchase. Each option has pros and cons., making it crucial to evaluate which best suits your clinic’s financial strategy.
- Buying:
Purchasing shockwave therapy equipment gives you full ownership and control over the device. Although the initial outlay may be higher, you avoid monthly payments and potential interest.
- Leasing:
Leasing presents a lower initial cost barrier, with prices starting around $279 per month. With just one patient, you could easily cover this lease payment. This option is ideal for clinics that want to test the effectiveness of shockwave therapy without committing to a significant upfront investment. Lease payments are also a tax write-off. After the lease term, you may have the option to purchase the device at a reduced price or update your equipment to the newest equipment available at Shockwave Canada.
- Financing:
Financing allows you to spread out the cost of purchasing shockwave therapy equipment over several payments. This option strikes a balance between owning the device and managing cash flow. Many financing plans can be structured to match your clinic’s revenue cycle, making it a flexible choice for busy practices.
Revenue opportunities: Unlocking potential profits
Integrating shockwave therapy into your clinic can lead to substantial financial gains. Consider this breakdown based on a typical patient load:
- 20 Patients: $6,000 in revenue ($300 x 20 patients). After deducting a leasing cost of $279, the profit stands at $5,721.
- 30 Patients: Revenue climbs to $9,000, with profits reaching $8,552 after lease costs.
- 40 Patients: Revenue jumps to $12,000, yielding a profit of $11,383.
- 50 Patients: Maximizing your potential capacity at 50 patients results in an impressive profit of $14,214.
Given these figures, the crystal-clear financial incentive emerges meeting even the minimum target of 20 patients per week can render the shockwave therapy equipment a worthwhile investment.
Modernization for enhanced patient care and clinic efficiency
Beyond financial rewards, shockwave therapy enhances patient well-being and the overall treatment experience. Treatments typically take only about four minutes, allowing for a more efficient schedule where you can see more patients in less time. This efficiency translates to reduced treatment durations, enabling quicker recovery for patients and increased satisfaction.
Moreover, offering shockwave therapy can position your clinic as a modern, innovative facility. As word spreads about your clinic’s transformative care, you’re likely to attract new patients seeking leading-edge treatments.
Conclusion: Invest in your practice’s future
Integrating shockwave therapy into your clinic is not merely a financial decision; it’s an investment in your patients’ care and reputation. The flexibility of buying versus leasing or financing allows you to choose the best fit for your practice’s financial landscape. With remarkable revenue opportunities and the potential to improve patient outcomes, embracing shockwave therapy equipment can create a thriving, profitable environment for your clinic.
For more information, visit www.shockwavecanada.com and ask us about our current lease promotion. For a limited time, when you lease shockwave equipment from Shockwave Canada, you have no lease payments for the first three months.
Prepare to revolutionize your practice – the future of effective and profitable patient care is here!
