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Relational Technology Solutions Expands Vertical Focus on Healthcare With Medical Equipment Financing Solutions

Posted on: Thursday, 9 August 2007, 18:03 CDT

Relational Technology Solutions (RTS), one of the largest independent technology leasing and converged technology solutions providers in North America, today announced the expansion of its leasing services to include a focus on healthcare equipment financing. Relational's Healthcare Financing Solutions are designed to offer leasing and financing options for mid-sized healthcare providers seeking to deploy the latest advances in Imaging Diagnostic, Medical/Surgical, and Picture Archiving and Communications Systems (PACS) equipment for optimum patient care.

"Relational brings strong financial backing, a rich 16-year heritage in leasing and financing solutions, and deep mid-market industry expertise to the healthcare industry," said Jeff Ehlers, chief executive officer at Relational Technology Solutions. "The company's unique financing and leasing options are designed to support medium-sized healthcare providers in identifying, acquiring and disposing of state-of-the-art medical equipment while concurrently aiding them in conserving capital and managing costs."

According to the Equipment Leasing Association, in 2007 the healthcare equipment leasing market is projected to exceed $8 billion in volume. Through its Healthcare Financing Solutions, Relational is poised to partner with small and mid-sized healthcare organizations and design optimum leasing structures that satisfy organizational needs and comply with budgetary pressures specific to both private and non-profit healthcare organizations.

Relational's healthcare footprint is bolstered by existing relationships with a variety of public and private hospitals, specialty practices and academic institutions. "Our organization was focused on launching a new, Texas-based healthcare facility earlier this year," said Michael L. Murphy, chief financial officer at Rockwall Hospitals Incorporated, a general partner of Patients Medical Center, LTD, a 61-bed hospital that opened in Houston on April 3. "Relational's ability to provide the financing in a timely manner helped us to acquire all the necessary medical equipment and open the hospital on time."

Likewise, the company's commitment to the medical community is further demonstrated by the recent publication of a feature story in hfm, the official magazine of the Healthcare Financial Management Association. Entitled "Making the Right Long-Term Prescription for Medical Equipment Financing," this Relational byline offers perspective on how hospital financial executives can intensify their assessments of new technology by tapping into both direct and indirect information sources. The article is available online at: http://www.rts.com/docs/hfm.pdf.

Built on the company's unique "total solution" approach to the financing, acquisition and disposition of technology assets, Relational's Healthcare Financing Solutions will allow organizations to bundle the financing of healthcare equipment with the acquisition of technology infrastructure solutions. As a result, these organizations can optimize the return on their investments and benefit from a reduced total cost of ownership. Through its proven independent technology assessment methodology, Relational can also assist healthcare providers in the selection of the most appropriate IT infrastructure for their unique business needs.

"This comprehensive financing solution ensures that healthcare providers are optimally positioned with the best technology for meeting patient needs and satisfying growing regulatory requirements related to computer-based patient records, clinical documentation and diagnostics," concluded Relational's Ehlers. "Additionally, our flexible leasing options offer healthcare organizations a significant degree of protection against product obsolescence, as these providers will now have access to a cost-effective resource for upgrading to the most advanced medical equipment available."

About Relational Technology Solutions

Relational Technology Solutions (RTS) is a premier independent technology and financial solutions provider dedicated to helping its clients solve business challenges with an integrated suite of solutions for technology acquisition, finance and disposition. Founded in 1990, the company now manages nearly $1 billion in assets for Fortune 2000 and midmarket companies across all industries. Visit http://www.rts.com for more information.

Source: Business Wire

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