CapMed+ has launched a same-day financing program for replacement parts for CT, MRI, x-ray, and other medical equipment.
The Medical Parts Financing Program (MPFP) has an application-approval-to-funding process that can deliver up to $250,000 in just four hours, from start to finish. The program is built on fully automated electronic and digital platforms, CapMed+ said.
An increased demand for parts was a driver in creating the program, according to CEO Ric Arcadi.
In addition to MPFP, CapMed+ also has an equipment finance program that provides financing for all types of capital equipment with same-day approval-to-funding features, the firm said.