In an increasingly high-tech world, healthcare providers need to procure the most advanced medical technologies to stay competitive and provide quality patient care. As providers invest in innovative technologies, medical equipment and infrastructures, they must carefully consider their financing options. In an environment of constrained budgets for capital investments, choosing how to finance new technology can be as important as choosing the technology itself.
Whether a provider is looking to finance to own or use its next MR, ultrasound fleet or telehealth solution, finding the right financing partner is crucial, in order to attain a longer-term strategic partnership to improve investment value and return.
Today, financing mechanisms have evolved towards consumption, capacity, usage-based and risk-sharing models. However, the finance decision to own or use medical equipment usually depends on the financing structure, capital position and business strategy of the healthcare provider. There are pros and cons for both options.
Usage-based: Financing through vendor leasing or healthcare-as-a-service models New financing structures and healthcare-as-a-service models offer flexibility, cost efficiencies and improve sustainability in today’s dynamic healthcare environment
Pros include:
Cons include:
New financing structures and healthcare-as-a-service models offer flexibility, cost efficiencies and improve sustainability in today’s dynamic healthcare environment.
Pros include:
Cons include:
There are many innovative financing structures that solve a broad range of healthcare procurement issues, from hospitals requiring frequent equipment upgrades to practitioners setting up or expanding their facilities, and for all care providers facing capital constraints.
Strategic partnerships enable equipment suppliers and healthcare providers to share responsibility for planning and managing the complexity of medical technologies based on current and future needs. Similar to leasing models, they combine equipment, devices, maintenance and services into a flexible offering with transparent financing terms and conditions.
Leverage the strategic partnership and benefits of tailored financing solutions with Philips Capital
New financing structures and healthcare-as-a-service models offer flexibility, cost efficiencies, and improved sustainability in today’s dynamic healthcare environment. Financing contracts can be tailored to provide more lifecycle options, such as equipment upgrades, capacity management, preventative maintenance, and additional services, ensuring that care providers can meet their specific needs and ultimately deliver better patient care.
With these models, the equipment supplier owns the equipment, and payments are linked to usage or service-level performance indicators, ensuring high operational uptimes for healthcare facilities. The lifetime value of financed technology is maximized through sustainable management and maintenance programs integrated into financing solutions, including cost-effective upgrades, replacements, and end-of-contract trade-ins, which extend the lifecycle of the equipment.
By partnering with Philips Capital, healthcare providers can leverage these tailored financing solutions to maximize equipment value while maintaining financial flexibility. Philips Capital’s deep expertise in both medical technologies and financing strategies ensures that healthcare organizations have the right support to achieve their strategic goals and deliver enhanced patient care.