Capital budgeting is an essential process for healthcare organizations.
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Get it written →Capital budgeting is an essential process for healthcare organizations. The challenge in quality and patient safety organizations is proving return on the capital investment without revenue impacts.
Select a capital investment that you would recommend making for a patient safety concern. In a 10-12 slide PowerPoint Presentation address the following requirements:
Describe the capital item in detail:
Item description
- Rationale for selection
Cost-benefit analysis
- Complete a capital budget with projected financial benefit:
- Revenue or positive financial impact
- Capital equipment cost
Personnel cost
- Supply cost
Review financial ratios
- Return on investment
- Net Present Value
- Cash Payback period
- Make a recommendation to lease or finance the capital item. Please support your decision with financial data.
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