NHS, hospitals and patient transport finance
Tailored financing solutions
Public healthcare within the UK is maintained by the NHS and for many years Siemens Financial Services has provided direct funding to numerous NHS hospitals, NHS Trusts & Foundation Trusts who are happy to undertake their own benchmarking exercise.
We specialise in supporting private hospitals across the UK, enabling providers to upgrade and enhance facilities while preserving cash resources.
We also assist the ambulance services and patient transport update their fleet regularly by supporting their financial requirements.
Financing for the NHS, hospitals and patient transport
We work within both public and private healthcare markets to provide the most appropriate financing options. We also work closely with equipment suppliers providing financial support to their customers.
NHS & hospital finance
We understand the NHS market and its accounting requirements so we can provide the right type of lease solution. This could be an operating lease where the rentals come from revenue or a finance lease where the rentals come from capital. Our credit line availability, quick document turnaround and excellent understanding of the NHS market makes us the funder of choice.
Our in-depth knowledge of acute healthcare equipment, access to finance markets and our position as part of the Siemens Group combine to make us a dependable, long-term finance partner.
We finance the equipment and infrastructure needed to improve patient care across both sectors, to make treatment more widely available and maximise patient throughput.
QS Enterprises opens advanced Imaging Centre with help from Siemens Financial Services and Siemens Healthineers
QS Enterprises wanted to expand the capability of its Cardiovascular MRI service by relocating to the new, purpose-designed Chenies Mews Imaging Centre.
Watch the video to see how we helped them to select and finance the latest and most technologically advanced MRI scanners from Siemens Healthineers.
Patient transport finance
We finance the vehicles, modifications and on-board equipment needed to provide excellent care while in transit. Our thorough understanding of the ambulance and patient transport sector combined with our access to finance markets and position as a part of the Siemens Group to make us an expert long-term finance partner.
An overview of our process
We advise on the most appropriate form of funding and provide finance options. We then confirm pricing once the equipment has been specified by you and capital price has been confirmed.
In order to ensure you have the required cash flow to afford the payments, we typically require accounts for the last 3 years and supporting documents about the nature of your business.
Once a credit facility has been approved, you are then required to sign and return the documentation to us. For leases, a purchase order is then placed for the equipment and it is delivered or installed by the supplier. For loans, the funds are transferred directly to your bank account.
Once the equipment is installed and on receipt of the certificate of acceptance from you confirming that the equipment is in working order, we activate the lease and pay the supplier.
What our customer say...
Great advice, competitive rates... and the benefit of dealing with the principals not a broker.
Benefits of financing with Siemens
- Long history and market leading position in NHS leasing market
- Makes latest technology available without use of capital funds or cash reserves
- Assists with budgeting by defining fixed payments
- Provides ability to upgrade to new equipment on regular basis
- Cost effective alternative to bank funding
- Reduces upfront costs and improves cash flow by not requiring deposit
NHS, hospital and patient transport case studies
Examples of financial solutions for the NHS, hospitals and patient transport
West Suffolk Hospital use SFS lease to transform radiography
As an NHS trust hospital they had to provide very cost-efficient but high quality care
The specialist finance solution enabled the acquisition of Siemens’ mammography systems
SFS' expertise in the medical market proved invaluable to forming the financing package
NHS acquires gamma knife with SFS financing solution
NHS efficiency goals make finance leasing a crucial option for updating medical equipment
SFS' 10 year contract worth £3.6m; the long payment term reduced costs
The investment led to improved procedural efficiency and reduced costs to the NHS
MRI upgrade made affordable with SFS financing solution
Given the benefits of modern equipment, the hospital wanted to upgrade its existing MRI
SFS offered a 3 year operating lease, this also accounted for down time during the upgrade
A flexible SFS operating lease let the hospital continue to improve diagnosis quality
SFS helps private ambulance company attract new business
They sought financing to purchase new stretchers without significantly impacting cash-flow
SFS chose a 5 year purchase plan which transferred ownership at the end as most suitable
The stretchers were fitted within 6 weeks allowing them to compete as soon as possible