Dental offices have a lot of responsibility when it comes to the health of their patients. From preventive care to complicated procedures, dental professionals need to have the right tools and technology in order to provide quality service. That’s where hardware-as-a-service can come in handy. In this blog post, we will discuss what hardware-as-a-service is and how it can benefit dental offices. Read on for more information.
What Is Hardware-as-a-Service?
Hardware-as-a-service, or HAAS, is a hardware consumption model which converts the capital expense of equipment to an operating expense. Most people are already using hardware-as-a-service with their cable or cellular providers as the devices provided to enable those services are typically provided on a monthly basis. In fact, almost all subscription-based services are based on the concept of hardware-as-a-service, even if you can’t see hardware (Netflix, Hulu, etc).
Hardware-as-a-service does the same thing for your physical office computer and network equipment.
What Are The Benefits of Hardware-as-a-Service?
The great oil baron John Paul Getty (at one point the richest man in the world) once said “If it appreciates, buy it. If it depreciates, lease it.” This sentiment holds especially true for computer equipment which typically has little to no resale value at the end of its lifespan.
Getty understood the time value of money which states that a dollar today is worth more than a dollar tomorrow. This phenomenon occurs from multiple different forces, including interest rates, inflation, and opportunity cost of that money being used elsewhere. That’s why a large cash outlay on computer equipment is the least efficient method of consuming said equipment.
Nearly all Fortune 500 companies consume their equipment in some type of subscription or HAAS model. It’s not because they don’t have the money to purchase the equipment, but rather because they want to make the most use of their dollars to maximize profits.
The ultimate goal of a HAAS model is to make hardware management seamless and predictable – even hardware replacement. Generally hardware is covered under a HAAS model for the planned lifespan of the equipment, during which any parts failures are covered and the equipment is expected to be operational. Once the equipment comes to its planned end-of-lifespan, it is replaced or “refreshed” with new equipment and the cycle continues. This can be thought of as a predictable upgrade on the equipment, so you know on the day equipment is installed approximately when it’s expected to be replaced.
The great thing is that these refreshes have little to no impact on cash flow, yet you still get the benefit of new and fully protected equipment while ensuring that your physical hardware is keeping pace with the rest of your software and peripheral equipment.
What Is TechFresh?
DMA’s TechFresh service takes the hassle out of achieving your technological objectives. Our specialists will evaluate your operational and financial needs, install the appropriate hardware correctly, and maintain it for you.
The TechFresh program monitors the capabilities of your hardware from the day it goes into your office until the day it comes out, ensuring that you have the appropriate infrastructure to support your business. It is not the same thing as financing. There are several additional benefits that TechFresh offers over financing or a traditional cash purchase.
Some of the benefits of our TechFresh services include:
- A fixed monthly charge and no upfront expenditures keeps money in your business
- Lower tax bill because your hardware is now considered an operating cost, and your monthly payment is entirely deductible for the life of the equipment
- A warranty that extends throughout the equipment’s complete life cycle
- Qualification for routine equipment refreshes
- Advanced efficiency and cybersecurity with regular upgrades to protect your business from the latest threats
Choose DMA Tech for Your Dental Office
DMA Tech Solutions is a leading provider of hardware-as-a-service solutions. We offer a wide range of hardware options for businesses that help stimulate growth and fit any budget.
If you have any questions about hardware-as-a-service or how it can benefit your dental office, contact DMA Tech Solutions today. We would be happy to answer any of your questions!