Siemens Financial Services is homing in
on opportunities in the primary healthcare segment with the recent
launch of its practice finance service.

With financing packages tailored for the general practitioners
(GP) market, Siemens hopes it can help solve an anticipated rise in
capital requirements as GPs increasingly cluster together to form
larger practices.

In the NHS Plan for London led by Parliamentary Under Secretary
at the Department of Health, Lord Ara Darzi, it is envisaged that
some 150 polyclinics would emerge. These are essentially healthcare
centres well-equipped to offer diagnostics and other out-patient
treatment, shifting the burden of short-term and primary care away
from hospitals.

It is estimated that the UK has 37,000 GPs and roughly 1,500
practices made up of seven or more partners. These practices are
expected to acquire more sophisticated medical equipment in line
with the new approach to healthcare.

Siemens said it planned to approach all large UK based general
practices within the first quarter.

“We haven’t seen a solution offered to GPs in such a structured
way,” a Siemens executive said, noting that financing solutions to
the professional services sector has typically been offered as a
bridging loan based on individual credit profiles.

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