Pay Per Use funding solution
Providing suppliers of healthcare equipment and modern methods of construction
with a funding solution which can be specifically tailored to the NHS.
Providing suppliers of healthcare equipment and modern methods of construction
with a funding solution which can be specifically tailored to the NHS.
The SAF PPU solution unlocks the option for NHS trusts to utilise Revenue Budgets for large Modern Methods of Construction projects or medical equipment – often leveraged to quickly enhance capacity, while following the principles of the IFRS 16 regulations.
At SAF, our team has more than 20 years of experience in providing funding solutions for the NHS, having funded over £750m in sales within the modular building sector. We understand the challenges faced when it comes to navigating complex financial structures and regulations which ensures we find the optimal outcome for both our supplier partners and NHS Trusts.
SAF collaborated with De Soutter to produce a bespoke financial agreement that allowed the Queen Victoria Hospital NHS Foundation Trust…
Using a structured finance agreement, SAF supported JFD Medical in the procurement of high specification medical equipment for a new…
SAF Solutions is continuing its long-standing collaboration with ZEISS Group, a world-leading manufacturer of optical systems that works across multiple…
SAF solutions worked with The Healthcare Management Trust to amalgamate two bespoke finance agreements that enabled the purchase of industry-leading…
Trust: King’s College Hospital NHS Foundation Trust | Premier Modular
Supplier:
Trust: University Hospitals Plymouth NHS Trust
Supplier: MTX
Value: £23m
Trust: University Hospitals Plymouth NHS Trust
Supplier: MTX
Value: £11m
Trust: University Hospitals Birmingham NHS Foundation Trust
Supplier: ModuleCo Healthcare
Value:
IFRS 16 is an International Financial Reporting Standard for leases and marks the elimination of off-balance sheet accounting previously used for Operating leases.
IFRS 16 brings a significant change to financial statements and how a business should recognise, measure, present and disclose leases. This reporting standard introduces a single lessee accounting model, requiring lessees to recognise assets and liabilities on their balance sheet.
Under this standard, any business entering a lease is required to recognise this on its balance sheet for both Operating and Finance leases. This not only impacts the balance sheet of the financial statements, but also has an impact on asset financing, IT systems and processes.
SAF Solutions is the UK’s leading finance provider for medical equipment and modular healthcare construction across the NHS through flexible finance agreements. Our team of experts has extensive knowledge of complex procurement frameworks across the healthcare sector.
In light of this, we are well placed to support both suppliers and end-users navigate the impact of the IFRS 16 accounting change through our Pay Per Use solution.
In short, the accounting change means the NHS are required to utilise their Capital Departmental Expenditure Limit (CDEL) for the total cost of any new equipment or building purchases, even if the finance agreement is spread over several years.
Through our Pay Per Use solution (PPU), we can implement a funding option that allows an NHS Trust to utilise Revenue Budgets for clinical capacity or equipment upgrade projects, taking into account and remaining compliant with the latest accountancy change.
Looking for First-Class Asset Finance Consultancy?