Capital equipment medical devices generally refers to any equipment that costs more than a predetermined amount. A medical facility’s “set mark” may vary. A small facility might classify medical devices bought at over $1,000 as capital equipment. This equipment may be classified as items bought at over $5,000 by a larger medical setting.
You can use capital equipment as a standalone or as a supplement. They can be used alone or in combination with other equipment to perform a specific function. Software, for example, may be capitalized if it is purchased with capital hardware equipment and then physically installed in it.
In this case, the “set price” price for the software becomes irrelevant because the hardware would not work without it. If you purchase additional software to enhance the hardware’s performance, it may be capitalized or expensed if its value is lower than the “set mark”.
Sometimes equipment items that are not priced at the “set price” may be combined to achieve or exceed the threshold cost. For example, chairs for a waiting area could be one example. They may be $250 each individually, which is far less than the $1,000 cost for capital equipment. A group of twelve would have a $3000 purchase price and qualify for capitalization.
When outfitting new constructions, expansions, or remodels, capital equipment medical devices is an essential part of the design. These items are those that aren’t routinely bought on a regular basis.
Our direct-to-site delivery services and capital equipment experts can help you to efficiently procure, deliver, and install such items. We can help you with all aspects of your project. From the initial quote, to the completion of the purchase, tracking your items and receiving them, to receiving your items, to warehousing and staging, assembly, delivery and installation. We are the capital equipment medical devices experts and can simplify the process for you.