Swift End of Year Financial Incentives From 2021
From the Team at Saorsa
Swift End of Year Financial Incentives from 2021 (Ask us about 2022 Incentives):
$6,680 in Additional Value.
(Sample Only) Should the customer move forward prior to December 31, 2021, Saorsa will offer you the following:
$4,000 off the cost of the System - This brings a 5 year lease to $458/month
$2,000 in Paid Marketing Spend towards finding your first 15 Swift patients (only 30 needed for payback)
One (1) box of Free Swift Tips to kick off your wart program: $680 in value
Value Adds you get with every Swift Purchase
We provide a payback guarantee for 24 months; ensuring profitability through patient flow
The Swift Marketing System is included in the acquisition price. ($5,000+ value)
12 Month Warranty included - Extended Warranty Options available
Swift Financial & Practice Management Highlights
The data highlighted below are averages taken from our current US Swift user base of over 275 practices. Specific outcomes will vary based on your patient volume coupled with local market demand and strategic marketing impact.
132%
Average Annualized
ROI
The average 5 year ROI is 662%, which when broken down into an annualized number comes out to 132%. (This includes lease payments)
Average Payback within 11 months
Returns to not include IPK impact
179 Tax implications reduces total cost of ownership
30pts
Patent Payback Requirement
After Section 179 implications are factored in, you only need 30 patients converted to Swift in order to pay off the device. This typically happens within 10 months of owning the device.
Average Swift Patient Value = $546
Average # of Treatments = 3
Most providers lease, which result in profitability from month 1.
70%
Average US Based Patient Conversion to Swift
How many patients will choose Swift vs traditional, reimbursed therapy? We can now report that figure to be 70% across our 200+ US based providers.
Conversion driven by patient frustration
Out of pocket costs are comparable
Confidence in treatment after seeing results drives further conversions.
Section 179 Tax Incentive Explained
What is Section 179?
Section 179 essentially is a tax code designed to allow businesses to deduct the full purchase price of equipment purchased in that tax year. It is an incentive designed by the U.S. government to encourage businesses to buy equipment and invest in themselves.
What is the Timeline?
Businesses have until December 31st to acquire and put in use any new equipment and have it qualify for this tax deduction.
How Much Can I Deduct for the Tax Year?
If you are the legal owner of the equipment, you may be able to deduct the full cost of any equipment you acquire and put into use in that tax year — up to $1 million. There’s a $2.5 million cumulative multi-year cap for equipment purchases per business. (And if you exceed the $2.5 million spending limit, a bonus depreciation of 100% may apply.)
Example Tax Benefit:
Medical Device Equipment Cost: $26,000 (purchased or leased)
Deduction: $26,000
Tax Savings: $6,760 (Assumes a 26% Combined Rate - Federal [21%] and State Tax Rate [5%])
Net Cost of Equipment After Tax Savings: $19,240
What If I Lease Finance the Equipment? Do I Still Get the Full Deduction?
Absolutely! This is often a great strategy. Capital Lease and Finance Agreements qualify under this deduction, meaning you can make minimal lease payments through the rest of the year and still get the full tax benefit. This approach results in a net cash inflow for the year, as you get the $6,760 tax savings referred to above, and you only make a single lease payment of say $480 in December -- net cash impact of +$6,280
Is There Anything Else I Should Know?
Like any tax deduction, the money needs to be spent in order to qualify for the deduction. For physicians focused on improving outcomes and investing in the latest technology for their practice, Section 179 certainly may be an additional reason to make a purchase before the end of the tax year!
Because every practice/physician is in a different situation, it is a good idea to meet with your tax adviser to discuss your personal situation to ensure you are able to take advantage of this deduction.
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