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This paper proposes an alternative approach to the management of high technology assets in UK hospitals to ensure that appropriate equipment is available where and when it is needed. This approach involves the provision of a Managed Equipment Service (MES) either within a Private Finance Initiative (PFI) or as a standalone venture. A full-blown MES is a comprehensive one-stop shop equipment solution, typically running for between 15 to 35 years. Despite the long contract duration, a smart contract will ensure flexibility without cost escalation.
Date of Publication: Oct.-Nov. 2005