Different health related businesses require flexible healthcare project funding solutions to meet growing demands for the growing industry. Key sectors in the healthcare industry that need funding includes:
- Medical Products and Devices
- Pharmaceutical Products and Services
- Assistive Technologies
- Medical Tourism
Medical Equipment Funding
In a fast paced environment, medical tools need to be available, fully operational and serviced. The medical services is heavily regulated, not complying with standard practices and procedures can make or break a medical practice. Unfortunately, staying up to date with advancements in new medical equipment can be an expensive prospect. Medical equipment funding options are available for the manufacturing and development of:
- New medical devices & diagnostic equipment
- Upgrading of medical devices
- Small medical equipment supplies
- Operative equipment
- Surgical instruments
Financing Pharmaceutical Products
Pharmaceutical, life science and biotechnology projects are a part of the growing global healthcare industry. Areas of research performed by pharmaceutical businesses include:
- Research and development of new drugs
- Process development for basic manufacture of drugs
- Clinical trials of newly developed drugs
Assistive Technology Finance
Assistive technology is technology which can help people with a disability in their day to day living. These technologies are built to make life easier to create more independence for the individual.
Some categories of assistive technology aids and devices are:
- Aids for Daily Living: Self-help aids for use in activities such as dressing, personal hygiene, bathing, home maintenance and cooking.
- Mobility Aids: Standing/walking aids, transfer aids, wheelchairs and lifts.
- Educational and Vocational Aids: Computers, adaptive software and job modifications
- Home modification: Accessible architecture, adapted furniture, and environmental controls
- Seating and Positioning Aids: This includes wheelchair and bed modification that give greater comfort and stability
- Recreational Aids: Aids that help people to participate in their interest or hobby
- Communication Aids: Augmentative communication/speech aids, alarm systems, telephone communication aids, assistive listening devices, visual/reading
- Transportation Aids: Aids that give independence in personal transportation, such as custom cars and vans and child restraint systems
Medical Tourism Funding
Over recent years there has been a demand for medical tourism. “Medical tourism” refers to medical centres in foreign countries where someone will travel to to receive medical assistance. It’s estimated that thousands of foreigners travel abroad to receive each year. Huffington Post names 5 countries where people go to receive medical help. Many factors influence the decision to seek medical care overseas.
- Treatment packages including flights is a cheaper option
- Medical insurance in the country of origin won’t cover care costs
- A person with rare disease/illness requiring medical help in a different country
- Healthcare costs have spiked being a threat to the national health service
There has been a growth in medical centres worldwide who deliver good practice. Healthcare project finance is available for startup businesses to ones looking to expand.
Healthcare Project Funding Solutions
If you need healthcare project finance or maybe you are running a healthcare business, we can help your quest for funding. Prestige Capital Partners have funders looking fund medical projects that improves the lives for vulnerable people such as children, the elderly, low-income families, minorities, and the uninsured.
Healthcare Infrastructure Funding
The development of the envisioned infrastructure will be driven by the healthcare-specific technologies. These are the systems that directly address the problems of the medical user community. We can also source healthcare infrastructure funding for services such as hospitals, clinics, dentist, specialist services and other environmental aids such as work site or school design/modification.
We have funder specifically looking to fund large equipment, buildings and technologies. Healthcare project funding models are structured in tranches which are flexible to suit each individual business.