How can I maximize my equipment purchases while minimizing the financial impact?
Answer
There are several ways to maximize equipment purchases with minimal financial impact through promotions, discounts, creative financing options and—last but not least—through the tax code. For example:
Be sure to look for and take full advantage of promotions such as end of year specials or tradeshow discounts, ie. AudiologyNOW! Specials.
Creative financing is another important consideration, especially if you want to be able to purchase and take possession of the equipment instantly, but cannot pay in full. Ask your equipment company about strategic partners such as buying groups, management groups and hearing aid manufacturer.
If your equipment vendor has strategic partners, ask who those partners are and if those partners have a co-op loan program. Co-op programs enable the customer to receive the equipment instantly while paying the strategic partner back over time by way of their hearing aid purchases. (The strategic partner will increase the hearing aid price by a small amount i.e. $50/unit over a two year commitment.) Most co-op loans are interest free.
When purchasing equipment, you should think about taking advantage of Section 179 of the IRS tax code. Essentially, Section 179 allows businesses to deduct the full price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the full purchase price from your gross income.
Finally, take advantage of complimentary consultations offered by your equiptment vendor. Your Audiology Systems local representatives will work with you to evaluate your professional and patient care needs and ways to maximize your purchase. They can also walk you through available education, training, service and support programs to ensure you are getting the most out of your purchase. Call 855.283.7978 or contact Audiology Systems to be connected to your local representative. Thank you for your question.
National Business Development Manager, Audiology Systems
Jackie Allen Phillips, AuD, serves as the National Business Development Manager for Otometrics/Audiology Systems Inc. In this capacity, Dr. Phillips is responsible for developing corporate and key account relationships. This responsibility also includes establishing structure, governance and guidance as well as driving and leading selected corporate and key strategic accounts. Prior to joining Otometrics/Audiology Systems Inc., Dr. Phillips worked with Siemens Hearing Instruments in various roles, including Senior Manager of Government & Contract Services, and Senior Account Representative. Before working on the manufacturing side of audiology, Dr. Phillips worked 7 years in a clinical capacity for Houston Ear, Nose, and Throat Clinic. In addition to her undergraduate degree in communication disorders from Stephen F. Austin University, Dr. Phillips holds a master’s degree in audiology from Lamar University, and a doctorate of audiology from A. T. Still University’s Arizona school of Health Sciences.
Related Courses
1https://www.audiologyonline.com/audiology-ceus/course/understanding-privilege-for-healthcare-professionals-36096Understanding Privilege, for Healthcare ProfessionalsSystems of privilege have created a wide division of inequality. This course will help hearing care professionals identify their privilege and determine how to make a difference in their places of employment.auditory, textual, visual129USDSubscriptionUnlimited COURSE Access for $129/yearOnlineOnlyAudiologyOnlinewww.audiologyonline.comUnderstanding Privilege, for Healthcare ProfessionalsSystems of privilege have created a wide division of inequality. This course will help hearing care professionals identify their privilege and determine how to make a difference in their places of employment.36096OnlinePT60M
Systems of privilege have created a wide division of inequality. This course will help hearing care professionals identify their privilege and determine how to make a difference in their places of employment.
2https://www.audiologyonline.com/audiology-ceus/course/creating-leadership-in-audiology-through-37632Creating Leadership in Audiology Through a Mentoring CircleThere are so many components to quality patient care that it is challenging to “master” them all. What if you could come together with other professionals who possess knowledge or experience that could help you or your practice? There are a number of veteran audiologists as well as rising professionals who have wisdom, qualifications, narratives, and unique journeys to share. The purpose of this talk is to rethink the traditional mentor/mentee vertical relationship and explore collaboration in the form of circle…where all professionals, regardless of age or experience, learn from each other.auditory, textual, visual129USDSubscriptionUnlimited COURSE Access for $129/yearOnlineOnlyAudiologyOnlinewww.audiologyonline.comCreating Leadership in Audiology Through a Mentoring CircleThere are so many components to quality patient care that it is challenging to “master” them all. What if you could come together with other professionals who possess knowledge or experience that could help you or your practice? There are a number of veteran audiologists as well as rising professionals who have wisdom, qualifications, narratives, and unique journeys to share. The purpose of this talk is to rethink the traditional mentor/mentee vertical relationship and explore collaboration in the form of circle…where all professionals, regardless of age or experience, learn from each other.37632OnlinePT60M
There are so many components to quality patient care that it is challenging to “master” them all. What if you could come together with other professionals who possess knowledge or experience that could help you or your practice? There are a number of veteran audiologists as well as rising professionals who have wisdom, qualifications, narratives, and unique journeys to share. The purpose of this talk is to rethink the traditional mentor/mentee vertical relationship and explore collaboration in the form of circle…where all professionals, regardless of age or experience, learn from each other.
3https://www.audiologyonline.com/audiology-ceus/course/core-topics-for-audiology-assistants-37123Core Topics for Audiology AssistantsThis course includes one hour of content on each of the following topics: 1) ethical concepts and decision-making; 2) universal safety precautions, including the Occupational Safety & Health Administration's (OSHA) bloodborne pathogens standard, and 3) patient confidentiality and the Health Insurance Portability & Accountability Act (HIPAA).auditory, textual, visual129USDSubscriptionUnlimited COURSE Access for $129/yearOnlineOnlyAudiologyOnlinewww.audiologyonline.comCore Topics for Audiology AssistantsThis course includes one hour of content on each of the following topics: 1) ethical concepts and decision-making; 2) universal safety precautions, including the Occupational Safety & Health Administration's (OSHA) bloodborne pathogens standard, and 3) patient confidentiality and the Health Insurance Portability & Accountability Act (HIPAA).37123OnlinePT180M
This course includes one hour of content on each of the following topics: 1) ethical concepts and decision-making; 2) universal safety precautions, including the Occupational Safety & Health Administration's (OSHA) bloodborne pathogens standard, and 3) patient confidentiality and the Health Insurance Portability & Accountability Act (HIPAA).
4https://www.audiologyonline.com/audiology-ceus/course/engaging-deaf-professionals-in-ehdi-37893Engaging Deaf Professionals in the EHDI SystemThe course explores ways to draw on Deaf professionals' expertise in working with families of Deaf and hard of hearing infants and young children. A highlight of Deaf people's knowledge, experiences, expertise, and contributions in the EHDI (Early Hearing Detection and Intervention) System will be discussed.auditory, textual, visual129USDSubscriptionUnlimited COURSE Access for $129/yearOnlineOnlyAudiologyOnlinewww.audiologyonline.comEngaging Deaf Professionals in the EHDI SystemThe course explores ways to draw on Deaf professionals' expertise in working with families of Deaf and hard of hearing infants and young children. A highlight of Deaf people's knowledge, experiences, expertise, and contributions in the EHDI (Early Hearing Detection and Intervention) System will be discussed.37893OnlinePT60M
The course explores ways to draw on Deaf professionals' expertise in working with families of Deaf and hard of hearing infants and young children. A highlight of Deaf people's knowledge, experiences, expertise, and contributions in the EHDI (Early Hearing Detection and Intervention) System will be discussed.
5https://www.audiologyonline.com/audiology-ceus/course/innovative-audiologic-care-delivery-38661Innovative Audiologic Care DeliveryThis four-course series highlights the next generation of audiology innovators and their pioneering approaches to meeting unmet audiologic needs in their communities and beyond. This peer-to-peer educational series highlights researchers, clinicians, and business owners and their pioneering ideas, care delivery models, and technologies which provide desperately needed niche services and audiologic care.auditory, textual, visual129USDSubscriptionUnlimited COURSE Access for $129/yearOnlineOnlyAudiologyOnlinewww.audiologyonline.comInnovative Audiologic Care DeliveryThis four-course series highlights the next generation of audiology innovators and their pioneering approaches to meeting unmet audiologic needs in their communities and beyond. This peer-to-peer educational series highlights researchers, clinicians, and business owners and their pioneering ideas, care delivery models, and technologies which provide desperately needed niche services and audiologic care.38661OnlinePT240M
This four-course series highlights the next generation of audiology innovators and their pioneering approaches to meeting unmet audiologic needs in their communities and beyond. This peer-to-peer educational series highlights researchers, clinicians, and business owners and their pioneering ideas, care delivery models, and technologies which provide desperately needed niche services and audiologic care.
