Lifecycle Fund
Flexible, convenient and predictable lifecycle spending in your department or hospital
Hospitals and their departments are constantly challenged to stay up and running efficiently, effectively and without breaks in care delivery. Upgrading equipment and replacing parts. Training staff on a regular basis. Staying current on the latest medical equipment technology advancements. Investing in each usually requires extensive planning and an administrative effort to allocate funds, complete paperwork and get approvals—slowing your ability to get what you need when you need it. Our lifecycle fund provides you true flexibility, convenience and empowerment when accessing the latest Philips solutions. Planning your investments across the lifecycle of a product is key in boosting resources and financial risks.
Top features
Predictable and convenient lifecycle spending and planning
Enhance operational efficiency when ordering new items
Enhance financial transparency by removing spending spikes
Flexible use of the fund for different Philips solutions on departmental or hospital level
1
Key challenge
Uncertainty where and when lifecycle funds will be needed over the next three to five years.
2
Key Philips solution
A flexible fund for hospitals and departments to draw from on an as needed basis.
3
Result for hospital or departments
Ability to order just what you need, when you need it, with predictability of your investment.
4
Result for patients
Care delivered through the latest technologies and equipment from well-trained care teams.
Offerings based on customers’ needs
There’s no question your department will need system upgrades, staff training or supply reorders over the next few years. But when and where you will need to allocate funds to make the purchase is unpredictable. Our Philips Lifecycle Fund gives your organization or department the flexibility to quickly and easily get the services and support you need, with predictable costs.
Services that consistently prove their value
Current needs Flexible fund keeps department equipped day-to-day Proactive needs Easily access updates and new options for existing and new equipment Predictive needs Planned upgrades can be mapped to fund investments
Offerings based on customers’ needs
There’s no question your imaging department will need system upgrades, staff training or supply reorders over the next few years. But when and where you will need to allocate funds to make the purchase is unpredictable. Our Philips Lifecycle Fund gives your organization or department the flexibility to quickly and easily get the services and support you need, with predictable costs. Lifecycle Fund is structured to put the purchasing power in your hands:
Services that consistently prove their value
Current needs Flexible fund keeps department equipped day-to-day Proactive needs Easily access updates and new options for existing equipment Predictive needs Planned upgrades can be mapped to fund investments
What you need, when you need it
Benefit
Clinical
Easy access to latest technology, clinical applications, clinical training and latest accessories and supplies.
Operational
For use on different systems on departmental or hospital level.
Financial
Budget predictability independent of spending spikes.
Strategic
Manage technology evolution from your operational budget across the lifecycle of a solution.
Value and smart investing
We are dedicated to helping you get the best possible value and return on your Philips solutions investment. Our team works with you to help determine what level of investment in the Lifecycle Fund is right for your needs, and stays with you over the term of the contract to help advise you on the products and services that can make a real impact in your operations and quality of care. Managing your upgrades, new technologies, accessories and consumables from the Lifecycle Fund means your equipment and staff are working at optimal efficiency, for optimal ROI.
Predictable: Investments are paid from operational budget and can be divided over the contract term. Flexible: Your fund can be used whenever it makes sense to you, for what is required at that time, including hardware and software technology, consumables, technical training and professional services such as IT services and work-flow consulting.
Education and training
Philips Lifecycle Fund makes access to training and education simple. Whether its training new staff members on workflow or educating users on a new interface from a technology upgrade, the fund makes it easy to get the services you need—faster and without a complex approval process. So your department can operate at its highest efficiency while providing high quality care for your patients.
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