With RFID FlexPay, payment can be arranged on a monthly basis for a variety of contract lengths. The monthly fees cover both use of the solution and ongoing support and maintenance service. The program is available for all Mobile Aspects solutions for specialty care settings, including Inventory Management, Tissue & Biologics Management, Endoscope Management, Contrast Media Management, and Patient Management systems.

Late last year, RF Technologies, another RFID provider in the health care field, introduced a similar financing program. The programs address a growing issue in the weak economy, as health care institutions facing budgetary issues become more hesitant to invest in new technology. The financing programs offer a way to get the technology up and running without a major initial investment, while offering some protection against buying expensive equipment that may quickly become obsolete as RFID technology evolves.