Essay about Capital Justification. Capital Purchase Justification Introduction According to the hospital’s five-year plan, an investment in capital equipment should boost the quality of services offered at the hospital. Many options of capital investments that hospital could invest in exist. However, this report recommends an investment in the MRI (Magnetic Resonance Imaging) equipment Feb 16, · Capital Purchase Justification. Mr. Vice President I know that the hospital has been trying to increase services by investing in new quality equipment for the radiology department. I would personally recommend that the hospital invest in General Electric Healthcare Magnetic Resonance Imaging (MRI) scanners. Furthermore, I completely understand that making such decisions require Provides thorough justification for capital purchase with thoughtful explanation as to why the purchase would be a good investment for the hospital. Several of the following are addressed in detail; the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece of blogger.comted Reading Time: 9 mins
Essay about Capital Justification - Words | Bartleby
Write a justification for capital purchase words to your vice president as to why the purchase would be a good investment for the hospital. Include a one-page executive summary for your proposal. The paper should include the operating costs you took into consideration, capital purchase justification essay, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece of equipment.
Prepare this assignment according to the guidelines found in the GCU Style Guide, located in the Student Success Center. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center. Does not provide justification for capital purchase. No explanation as to why the purchase would be a good investment for the hospital.
Does not address the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece of equipment.
Subject knowledge is not demonstrated, capital purchase justification essay. Provides only minimal justification for capital purchase with little explanation as to why the purchase would be a good investment for the hospital.
Only a few of the following are addressed with minimal detail; the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece of equipment. Subject knowledge is unclear, inconsistent. Provides basic justification for capital purchase with little explanation as to why the purchase would be a good investment for the hospital.
Several of the following are addresses with basic detail; the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece capital purchase justification essay equipment.
Some subject knowledge is evident. Provides thorough justification for capital purchase with thoughtful explanation as to why the purchase would be a good investment for the hospital. Several of the following are addressed in detail; the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece of equipment.
Subject knowledge is evident. Provides thorough knowledge justification for capital purchase with elaborate explanation as to why the purchase would be a good investment for the hospital.
Clearly addresses the operating costs you took into consideration, what facility considerations are involved capital purchase justification essay this new piece of equipment, and future benefits to the organization of this piece of equipment. Introduces appropriate examples. Provides some supporting examples, but minimal explanations and no appropriate published references as required by the assignment.
Supports main points with examples and explanations, but fails to include published references, as required by the assignment, to support claims and ideas. Supports main points with references, explanations, and examples. Application and description is direct, competent, capital purchase justification essay, and appropriate of the criteria. Includes appropriate references capital purchase justification essay required by the assignment. Supports main points with references as required by the assignment, examples, and full explanations of how they apply.
It is descriptive and reflective of the arguments and appropriate to the purpose. Thesis statement makes the purpose of the paper clear. Paragraphs and transitions consistently lack unity and coherence. No apparent connections between paragraphs are established. Transitions capital purchase justification essay inappropriate to purpose and scope. Organization is disjointed. Some degree of organization is evident, capital purchase justification essay.
A logical progression of ideas between paragraphs is apparent. Paragraphs exhibit a unity, coherence, and cohesiveness. Topic sentences and concluding remarks are appropriate to purpose. There is a sophisticated construction of paragraphs and transitions. Ideas progress and relate to each other. Paragraph and transition construction guide the reader. Paragraph structure is seamless. Surface errors are pervasive enough that they impede communication of meaning. Frequent and repetitive mechanical errors distract the reader.
Some mechanical errors or typos are present, but are not overly distracting to the reader. Correct sentence structure and audience-appropriate language are used. Prose is largely free of mechanical errors, although a few may be present. A variety of sentence structures and effective figures of speech are used. GCU template is used, but some elements are missing or mistaken; lack of control with formatting is apparent.
Reference page is included and lists sources used in the paper. Sources are appropriately documented, although some errors may be present. Reference page is present and fully inclusive of all cited sources. Documentation is appropriate and GCU style is usually correct. In-text citations and a reference page are complete, capital purchase justification essay.
The documentation of cited sources is free of error. Reducing profit margins in health care makes it complex to choose a good investment for a hospital. While buying medical equipment is an investment majority of physicians may take into account, sales executives can make it sound enticing, capital purchase justification essay.
Nonetheless, physicians should purchase medical equipment that is beneficial to the hospital. Vice President, I understand that the facility is attempting to improve its services by investing capital purchase justification essay a quality tool for the radiology unit. Moreover, I fully understand that making this investment calls for careful consideration of several factors including cost of the equipment and expected profit or benefit to the hospital.
The hospital, particularly the radiology unit will greatly benefit from the purchase of MRI scanners, capital purchase justification essay. Again, physicians would be able to complete many exams in a short period because of the homogenous magnet and Optima MRw, which will be essential in saving time. Nonetheless, the price of the General Electric Healthcare installed with Optima MRw 1. Much as the hospital may choose to lease the MRI scanners, it not a suitable investment because of the huge cost in the long run.
Basically, capital purchase justification essay, this piece of equipment is a good investment for the hospital as well as the patients. Buying medical equipment can be an intricate investment. Therefore, the hospital should ensure that factors like cost and benefits are taken into consideration. While these scanners require substantial investment, they have a great potential on the return on investment ROI. This essay presents a justification as to why MRI offered by General Electric Healthcare is a good investment for the hospital.
Vice President, MRI scanners are critical equipment for the hospital when it comes to quality capital purchase justification essay and a good investment for the institution.
Additionally, this equipment is instrumental since it undoubtedly demonstrates the difference between healthy and abnormal tissues. The hospital will be able complete more examinations in less capital purchase justification essay. It has more than two decades of proven record in providing further capabilities to patients as technology advances without necessarily replacing the magnet.
MRI scanners expand considerably compared to radiology, since it validates the use of radiation therapy. Subsequently, without compromising the quality or ability, General Electric Healthcare installed with Optima MRw 1.
Additionally, the Optima MRw is appropriate for all patients irrespective of their size while decreasing audio sound for spine and brain examinations. This equipment also presents extraordinary reliability that controls the gradient to generate outstanding presentation in demanding uses including cardiac, fMRI, and transmission to improve signal-to-noise ratio SNR.
On the other hand, GEM suite and Optima MRw would allow the institution to adhere to the requirements of patients, quality signal, efficiency, lesser stations, faster examinations and fewer failures. Due to the wider diameter of the MRI scanners, acoustic applications, comfort and aesthetic elements of the GEM suite is important when it comes to addressing common causes of anxiety among patients and nonconformity during assessments General Electric Company, Being able to understand the cost of this investment in terms of operational outlays remains vital.
The monthly charges would be inclusive of operational costs such as maintenance expenses, which will capital purchase justification essay completed within the specified time-frame. However, the radiology unit can lease MRI scanners.
But this alternative is not a good investment for the hospital since it will be too costly in the long run. Moreover, there will be less or no return on investment Wu et al.
Healthcare organisations can only guarantee the quality of care when physicians have access to the best equipment. This is why the installation of General Electric Healthcare with Optima MRw 1. Ultimately, it is critical to ensure that factors to do with facility consideration, operating costs and future benefits of the MRI equipment are determined before undertaking on such an expensive venture.
General Electric Company. Ohsfeldt, R. Patterns of Onsite Magnetic Resonance Imaging Equipment among Orthopedic Practices. International Journal of Technology Assessment in Health Care, 31 5 Wu, S. Price transparency for MRIs increased use of less costly providers and triggered provider competition. Health Affairs, 33 8 We can write this or a similar paper for you! Simply fill the order form! com Chat Now.
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Capital Purchase Justification. Write a justification for capital purchase (1,, words) to your vice president as to why the purchase would be a good investment for the hospital. Include a one-page executive summary for your proposal. The paper should include the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and Provides thorough justification for capital purchase with thoughtful explanation as to why the purchase would be a good investment for the hospital. Several of the following are addressed in detail; the operating costs you took into consideration, what facility considerations are involved regarding this new piece of equipment, and future benefits to the organization of this piece of blogger.comted Reading Time: 9 mins Jan 05, · Capital Purchase Justification and main service forces in the world that can permit the radiation area to predict and grip service requirements with no unexpected down time. The price of the Optima MRs T by General Electric Healthcare is $45, If the hospital decided to invest in the. T by General Electric Healthcare is $45,/5
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