Magazine article Public Finance

Rent Equipment and Save NHS £690M, Says Report

Magazine article Public Finance

Rent Equipment and Save NHS £690M, Says Report

Article excerpt

The NHS across the UK could save around £690m a year - more than last year's reported net deficit for England - if it rented expensive medical equipment such as scanners rather than buying it outright, a report by financial services consultancy Siemens claims.

The study, Healthcare affordabllity - the global challenge, examined systems of health care finance in western Europe and the US and found that the problem of 'frozen capital' - in which funds are tied up in purchasing equipment that rapidly becomes obsolete - was common, totalling approximately euro30bn (£21bn).

'There is now a major question mark over the advantages of actually owning capital equipment/ the report argues. 'Technology tends to advance in sudden leaps. Organisations stuck with previous generation equipment will find it difficult to attract patients in an internal health "market". …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.