Houston Methodist Hospital leases printing, copier, and computer’s machines as well as the vehicles for its security services. Due to the fact, any business transaction at this facility is done by the computer. So, the company is benefiting significantly by lessening them instead of buying it. Hence, the Hospital is up to date with all downloads and advanced computer programs needed for its operational needs. In the event, if company decides to purchase its computers, the cost will be pretty significant on the top of the maintenance necessities. Additionally, at this facility the printing is always a requirement and fixing it along with copying machine is costly. Therefore, the renting option is much better way to go with. Moreover, upkeep of vehicles can be costly too. Consequently, leasing them is much more feasible. Moreover, leasing items is 100% tax deductible indicating company’s huge potential to save on the operational cost.
www.houstonmethodist.org. Retrieved from https://www.houstonmethodist.org/for-health-professionals/global-health-care-services/pillars-of-success.