Making the right decision for a sustainable and financially secure future for hospitals

Hospitals are experiencing significant cost pressures, and the demands are increasing. They are tasked with providing the best possible patient care while making efficient use of financial resources.

A major challenge when budgets are limited and hospitals are chronically underfunded. Hospitals want to and have to invest in long-overdue building works, crisis-proof IT infrastructure, innovative healthcare technology, digitalization, and greater sustainability. At the same time, the financial state of hospitals is worse than it has been for 20 years. Their finances have been forced into a downward spiral by the coronavirus pandemic, the energy crisis, and rising inflation.

That is why it is so important to get the financing right to enable change. Circular economy systems provide finance solutions that are sustainable and protect liquidity. The white paper A new approach. Making the right decision for a sustainable and financially secure future for hospitals explains how hospitals can invest in new technology while making their organizations more sustainable.

There is huge potential for a hospital to work efficiently, and thus also in a climate-friendly, sustainable, and profitable manner, particularly when it comes to using IT infrastructure, digital technologies, and healthcare technology. Hospitals that switch to innovative and sustainable healthcare technology can provide their patients with the best possible care while reducing their energy costs and carbon emissions.

But how can hospitals afford to purchase innovative healthcare technology? Financing models such as leasing can, for a few years and without the need for high initial expenditure, solve the current problems that many hospitals face when procuring the latest technology. However, hospitals are often reluctant to proceed due to a lack of experience with alternative financing models. Unnecessarily so, as this financing solution can be tailored to each hospital’s specific circumstances.

All information must be to hand when making a funding decision. A comparison of the total cost of ownership can be very helpful when it comes to choosing the most suitable financing model. In addition to the purchasing and maintenance costs, a detailed cost-benefit analysis should also take into account any potential process cost savings and market opportunities that the new technology brings.

Hospitals must act now. Without investment, there will be neither innovations nor sustainable technologies, structures, and processes. It is up to you to make the first move toward becoming a sustainable, digital, and innovative hospital. But we can tell you which financing solutions will help you most to achieve this objective.