Customer signs one master agreement to include
100% of all MEDITECH software, implementation
costs, training, and services; along with software
from MEDITECH's software partner LSS Data Systems.
Our programs can also include all hardware and
networking services provided by MEDITECH
Collaborative Solutions - ACS MediHealth, Dell
Services (EMC, HP, IBM, Stratus and BridgeHead)
and any other vendor involved in the project.
Ownership passes to the customer
for $1.00 or a predetermined percentage of equipment cost.
Specific plans can be structured
for the entire project so that the finance plan meets the accounting
guidelines according to FAS 13 so that the payments are classified
as an operating expense.
Total Cost of Ownership (TCO)
and the ASP Model
Our capital lease, operating lease and TECHFLEX programs
can be structured so that the total cost of ownership (TCO) of the
MEDITECH HCIS can assist in the budget planning and approval process.
This total cost of ownership can be fixed for the entire acquisition
period. Acquiring the MEDITECH HCIS through these financing programs
fixes the total acquisition cost. These plans offer an easy comparison
against other alternatives, such as ASP models that require never-ending
Plans can be structured around almost any specific
budget requirements and result in financial solutions that can be
either on or off-balance sheet, as per the guidelines of FAS13.
All required payments may be
structured into one payment schedule and one lease schedule. Low
interest only payments during the implementation period minimize
your budget impact. We developed this program to assist customers
during this period when they would typically be paying significant
payments for their present system. Most customers choose this plan
over traditional financing plans that require repayment when the
invoices are paid to the vendors. Our plan simplifies this process
and eliminates forward interest rate risk to the customer. This
means competitive rates, simple to understand documentation, a time
saving process, and no interest rate risk. Your payment is set at
contract signing and does not change during the term of the plan.
Some customers are part of and
funded by county or state government. These customers require special
local or state finance terms and sometimes a non-appropriation
of funds clause in the contract. We will structure a finance
plan, including our TECHFLEX program, to meet these requirements.