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JOINT VENTURE PROGRAM: An Overview

Transforming hospitals through development, rehabilitation, and modern medical technology.

Our Joint Venture (JV) model helps hospitals expand diagnostic services without heavy upfront costs. By sharing resources, risks, and expertise, hospitals can improve patient care, increase efficiency, and achieve long-term growth.

Introduction & Value Proposition

What is our JV model?

A partnership where hospitals provide the patient base and facilities, while we supply, install, and maintain brand-new diagnostic equipment (MRI, CT scan, ultrasound, X-ray, mammography, PET/CT scan, cathlab, etc.). Together, we share in the revenue generated.

Why is it better than buying equipment?

  • No upfront capital required from the hospital.
  • Zero downtime because we manage maintenance and repairs.
  • Continuous upgrades ensure the latest technology without additional borrowing or budgets.

Impact on patient care

Patients receive faster, more accurate diagnostics—especially indigent patients who previously had limited access.

Hospital operations

Hospitals gain reliable diagnostic services, additional revenue streams, and reduced administrative burden for equipment upkeep.

Proof of trustworthiness

  • Over 14+ hospitals served (government and private)
  • More than 2 million patients benefited
  • Proven model adopted by the Philippine Department of Health as a PPP initiative

Why It’s Ideal for Hospitals

Best choice when

  • Expanding diagnostic services without capital expenditure
  • Upgrading outdated radiology or imaging departments
  • Wanting to improve patient care while maintaining financial sustainability

Problems solved

  • Lack of access to high-end diagnostic equipment
  • Old, unreliable machines with frequent downtimes
  • Limited government or hospital budgets

Our guarantees

  • Service availability with quick response times
  • Regular preventive maintenance
  • Reliable, high-quality machines with continuous upgrades

How It Works – Step by Step

Assessment – We evaluate if the hospital is a good match (2–4 weeks)

Agreement – Both parties finalize JV terms

Equipment Setup – Installation of brand-new diagnostic equipment

Staffing – Hospital staff trained or new staff hired

Launch – Diagnostic services begin for patients

Maintenance – We handle ongoing service and repairs

Reporting – Regular financial & operational reports provided

Growth – Continuous improvements and equipment upgrades over time

Key Benefits for Hospitals

Financial

  • No initial capital investment
  • Earn revenue share per patient scan/procedure
  • Additional income helps subsidize care for indigent patients

Operational

  • Equipment is always operational with 24/7 support
  • Preventive maintenance reduces downtime

Clinical

  • Patients get faster, more accurate diagnostics
  • Doctors gain reliable tools for proper diagnosis

Financial Model & Transparency

Ownership – Equipment is JV-owned, not hospital-owned

Cost-sharing – We cover equipment, installation, and maintenance; hospitals provide facilities and utilities.

Earnings – Hospitals receive a share of the revenue generated

Risk management – If demand drops, hospital bears no capital loss—our JV absorbs the risk

Transparency – Hospitals receive regular financial and operational reports

Why Partner With Us

Experience

  • Over 35+ years of implementing JV healthcare projects

Track record

  • 14-joint venture partner hospitals rehabilitated and developed

Partners

  • Trusted network of global medical technology suppliers

Support

  • Strong technical service team with quick response times

Collaboration

  • Decision-making shared throughout the partnership

Success Stories

JOSE REYES MEMORIAL MEDICAL CENTER

  • Before JV: Outdated X-ray machines, no MRI or CT
  • After JV: Complete radiology department rehabilitation, brand-new MRI, CT, ultrasound, and mammography
  • Result: Thousands of patients served yearly, with indigent patients subsidized by hospital revenue share

“This partnership transformed our diagnostic capabilities overnight.”

AMANG RODRIGUEZ MEMORIAL MEDICAL CENTER

  • Similar rehabilitation with a full diagnostic suite installed
  • Long-term growth in patient care and financial sustainability

Our Commitment to Service and Technical Support

Response time

  • Immediate response, minimizing downtime

Preventive maintenance

  • Regularly scheduled to avoid breakdowns

Replacement

  • Backup equipment available if needed

Compliance

  • Support in meeting safety and quality standards

Data security

  • Patient data is safeguarded through secure systems

Comparison Table: 1

Feature Joint Venture Buying Equipment Outright Leasing Equipment
UPFRONT COST
No cost to hospital
Very high
Medium

Comparison Table: 2

Feature Joint Venture Buying Equipment Outright Leasing Equipment
RISK
Shared with JV partner
Fully on hospital
Medium

Comparison Table: 3

Feature Joint Venture Buying Equipment Outright Leasing Equipment
UPGRADES
Regular, included in JV
Requires new purchase
Limited

Comparison Table: 4

Feature Joint Venture Buying Equipment Outright Leasing Equipment
STAFFING
Training and support included
Hospital responsibility
Hospital responsibility

Comparison Table: 5

Feature Joint Venture Buying Equipment Outright Leasing Equipment
SPEED TO START
Fast, after agreement and setup
Delayed (budget, purchase)
Moderate

Comparison Table: 6

Feature Joint Venture Buying Equipment Outright Leasing Equipment
FLEXIBILITY
High – scalable and shared risk
Low – fixed investmen
Moderate

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Please fill up the fields below. Or you may also email us via customerservice@himexcorp.com, or contact us via the numbers (02) 8632-7657 or (02) 8632-7658.


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