The NHS is expanding the range of medical equipment which it finances through leasing, according to research from Siemens Financial Services (SFS).
The research shows that while the largest tranche of medical products leased by the UK’s National Health Service covered diagnostic imaging equipment, there was an 8% increase in other types of equipment, such as incubators, haemodialysis machines, and washer disinfectors, being tendered in 2012.
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Siemens has calculated that close to £2bn of NHS capital is "frozen", tied up in purchased equipment, and could be freed up through the use of asset financing, with the additional benefit of service, maintenance and technology upgrades.
Chris Wilkinson, head of sales, public sector leasing at SFS, said that "capital being a scarce commodity" meant that NHS Trusts needed "financially sustainable method" to pay for frontline services.
He said: "Asset financing techniques such as leasing help align costs with the efficiency savings enabled by modern medical equipment, thereby allowing healthcare organisations to make affordable technology investments even at a time of downward capital pressure."
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