Medical Equipment Rental

undefined

Startup Cost
$40,000-$250,000
Difficulty
Advanced
Time to Profit
15-24 months
Profit Potential
$100,000-$500,000/year

Overview

Medical equipment rental companies provide wheelchairs, hospital beds, walkers, and durable medical equipment for home recovery and mobility.

With aging population and home healthcare growing, medical rentals generate revenue of $170,000-$580,000 with 60-75% margins through insurance billing and private pay.

The business requires medical equipment inventory, insurance billing capability, delivery and pickup, sanitation and maintenance, and medical community relationships.

Services include wheelchair and scooter rentals, hospital bed and mattress rentals, walker and mobility aid rentals, patient lift and transfer equipment, oxygen concentrators, and delivery, setup, and pickup.

Revenue through insurance billing and private pay monthly rentals.

Success factors include Medicare and insurance billing expertise, medical equipment inventory (wheelchairs, beds, lifts), sanitation and maintenance protocols, doctor and discharge planner relationships, and fast delivery for urgent needs.

Marketing focuses on hospitals, doctors, home health agencies, and senior facilities.

With aging population and home healthcare preferred in 2025, medical equipment rental offers healthcare opportunities serving recovery and mobility needs with insurance billing and medical relationships as barriers.

Required Skills

  • Medicare and insurance billing
  • Medical equipment knowledge
  • Sanitation and maintenance
  • Delivery and patient service
  • Medical community relationships
  • Regulatory compliance

Pros and Cons

Pros

  • Aging population and home healthcare
  • Insurance billing recurring revenue
  • Medicare and Medicaid coverage
  • Medical equipment knowledge barriers
  • Doctor and hospital referrals

Cons

  • Medicare billing complexity
  • Medical equipment investment
  • Sanitation and maintenance demands
  • Regulatory compliance
  • Competing with major providers

How to Get Started

  1. Acquire medical equipment inventory
  2. Learn Medicare billing
  3. Develop sanitation protocols
  4. Build doctor and hospital relationships
  5. Get delivery vehicles
  6. Market to home health agencies
  7. Provide fast delivery service

Explore More Specialty Rental Services Ideas

Discover additional business opportunities in this category.

View All Specialty Rental Services Ideas →