Funding medical equipment through innovative financing
- By Philips
- February 11 2026
- 3 min read
Discover how we partnered with Mid and South Essex NHS Foundation Trust to overcome capital constraints and install a state-of-the-art Interventional Radiology Suite at Broomfield Hospital, Chelmsford, Essex in the UK.
At-a-glance:
- Ageing IR equipment at Broomfield Hospital was failing frequently, slowing performance and affecting staff efficiency and morale
- Capital constraints at Mid and South Essex NHS Foundation Trust prevented investment in new systems
- Philips proposed a revenue‑based financing model with its finance partner, DLL, to enable replacement without upfront capital
- A redesigned room and new Azurion 7 system improved workflow, space use, efficiency, sustainability, and user experience
At Philips, we’re helping the National Health Service (NHS) overcome capital constraints by offering flexible financing models that enable access to cutting-edge medical equipment.
The ageing Interventional Radiology equipment at Broomfield Hospital required urgent replacement due to frequent breakdowns, slower performance, and its impact on staff efficiency and morale. Mid and South Essex NHS Foundation Trust faced capital constraints, limiting its ability to invest in new equipment.
As part of an ongoing strategic consultancy partnership, Philips introduced a revenue-based financing model to fund the equipment without requiring upfront capital, in partnership with DLL. Philips’ hospital design team collaborated with staff
to create an improved, clinically led room layout, enhancing the working environment and maximizing available space.
The new Philips Azurion 7 system was selected for its advanced technology, offering greater efficiency, sustainability benefits, and an improved user experience to support high-quality patient care.
Key benefits:
- Flexible, cost-effective model – The pay-per-procedure approach provides financial flexibility by aligning cost to usage, while maximizing return on investment.
- Future-proof technology – A 13-year contract with lifecycle management ensures the system remains effective and up-to-date.
- Exceptional service provision - Through an embedded managed technology service – with the potential for VAT recovery.
- Balance sheet protection - No impact on Capital Departmental Expenditure Limit using IFRS16 compliant accounting.
- Streamlined workflows – An intuitive system, with the space designed in collaboration with radiology teams at Broomfield, improving efficiency and clinical confidence.
- Versatile & user-friendly – Enables staff to perform a full range of routine and complex interventional procedures with ease and confidence.
- Enhanced patient care – Supports vascular procedures for the 1.2 million people served by the Trust annually.
- Sustainable by design – Philips Azurion is an EcoDesigned product, delivering significant environmental improvements in energy use, materials, and packaging, with a lifespan extended by 2 to 4 years through upgrades and service offerings.
Funding medical equipment through innovative financing
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Disclaimer
Results are specific to the institution where they were obtained and may not reflect the results achievable at other institutions. Results in other cases may vary.