What term describes items that are stored in a healthcare facility but are owned by the vendor?

The term that describes items stored in a healthcare facility but owned by the vendor is "consignment." In a consignment arrangement, the vendor retains ownership of the goods until they are used or sold by the healthcare facility. This allows healthcare providers to stock necessary supplies without immediately purchasing them, which can help manage cash flow and reduce inventory costs.

The difference between consignment and other terms is significant. Inventory generally refers to items that a facility has purchased and owns outright. Capital equipment refers to large, durable items that are essential for operations and have a long-term use, typically owned by the facility. Equipment loan indicates a temporary arrangement where equipment is borrowed for a specific period but is still owned by the lending party. In contrast, consignment specifically highlights the ownership distinction between the vendor and the healthcare facility.