Development Prospects Of Medical Equipment
Since the reform and opening up, China’s economy has entered a stage of rapid development. According to data from the National Bureau of Statistics, GDP (Gross Domestic Product) has maintained rapid growth since 2000, increasing from 9.9215 billion yuan in 2000 to 39,7988.3 billion yuan in 2010. Yuan, a compound annual growth rate of 14.90%. From 2005 to 2010, the total output value of the medical device industry has steadily increased year by year, with a compound growth rate of more than 20%.
With the development of medical science and bioengineering technology, the hospital’s demand for high-end medical equipment such as MRI, CT, PET, Gamma Knife and other high-tech imaging equipment and radiotherapy equipment has surged; the reform of the medical and health system and the country’s demand for the medical and health industry Factors such as investment also increase the demand for high-end equipment in primary hospitals.
At present, the financing methods for the introduction of domestic hospital equipment can be roughly divided into the following types: own funds, bank loans, foreign government loans, financial appropriations, corporate investment, and financial leasing. Among them, financial leasing has gradually been recognized by hospitals for its flexibility, speed, large financing amount, and quick funding. This model has been increasingly adopted in practice.
The scale of China's financial leasing transactions in 2010 was approximately 700 billion yuan, an increase of 89% over 2009. According to HCR (Huicong Research) estimates, the amount of financial leasing for medical equipment is about 30 billion yuan. As of the end of 2010, there were 181 financial leasing companies registered and operating in China, an increase of 17 from 2008.
According to the "Administrative Measures for Financial Leasing Companies": Financial leasing business refers to the transaction in which the lessor purchases the leased property from the seller, provides it to the lessee for use, and collects rent from the lessee based on the lessee's choice of the seller and leased property. , It is based on the condition that the lessor retains the ownership of the leased property and collects rent, so that the lessee obtains the right to possess, use and benefit from the leased property during the term of the lease contract. Financial leasing of medical equipment refers to the identification of the corresponding medical equipment and suppliers (manufacturers) in the hospital, and after completing the approval procedures for the introduction of relevant medical equipment, the leasing company purchases the selected medical equipment according to the requirements of the hospital and delivers it to the hospital. , The hospital pays a certain amount of rent in installments during the period of use to obtain the right to use and profit of the equipment. At the end of the lease, the hospital can obtain the ownership of the equipment after paying a lower residual value of the equipment. According to the definition, during the period of the financial lease, the hospital has the right to use and the right of income, while the leasing company owns the ownership of the equipment. After the lease period ends, the ownership belongs to the hospital.
The reason why financial leasing is widely used is that it has the incomparable advantages of other financing methods: its review conditions are relatively loose, and it mainly examines indicators such as the scale of the hospital and good operating conditions; the financing period is longer, the business procedures are flexible, and the operation time is shorter; The payment cycle is relatively long, and the repayment method is flexible; the contract is strict, the relationship between the rights and obligations of the two parties is clearly divided, and the legal risk is low. This method is suitable for large Chinese hospitals that are in urgent need of equipment but are insufficiently funded for the time being. It can enable the hospital to achieve rolling development in a relatively short period of time. With the steady development of the business, the two parties can gradually establish a high credit and strategic partnership. ; The leasing company generally only requires the hospital to provide regular information feedback, which does not affect the normal operation of the hospital.
Since financial leasing mainly solves the funding needs of the hospital, there are also certain shortcomings, which are mainly reflected in: the interest rate will change with the change of bank interest rates, and the lessor charges more management service fees; the lessor neglects when formulating the contract Responsibilities and obligations such as equipment quality, service and maintenance have brought risks to the hospital. These deficiencies are exactly the important factors for hospitals in choosing to use financial leasing or other methods to introduce equipment. It is also because of the unclear responsibilities and obligations that lead to many legal disputes in the financial leasing process.
At present, domestic hospitals mainly use direct leaseback, manufacturer lease and sale and leaseback methods to raise funds and introduce equipment. Direct lease refers to a lease in which the lessor uses its own funds or funds raised in the capital market to purchase equipment and directly leases it to the lessee. Manufacturer lease refers to a lease that the leasing company signs with suppliers and agents to finance its customers. In cooperation agreements, suppliers and agents recommend customers, and leasing companies provide financial leasing services to their customers; sale-and-leaseback is a hospital revitalizing assets, transferring the ownership of existing equipment to a third party to obtain liquidity, and paying rent during the lease term , The process of redemption at maturity.
Financial leasing is the innovation of market allocation of resources, which opens up a better channel for capital allocation, and realizes the innovation of investment methods and investment portfolios. The state and many local governments have issued corresponding policies to encourage and support financing leasing companies in multi-channel financing, and provide financial and tax policy support, incentives and subsidies for the development of the financial leasing industry. With the encouragement and support of policies, this form of financial leasing will surely more effectively solve the hospital's demand for equipment, thereby also promoting the development of the medical and health industry.
