Capital Projects
Briefly describe the capital budgeting project and explain how it supports the mission and strategy of the organization
Capital Projects
Capital projects for healthcare organizations are inherently risky. In addition to the significant investment at stake, organizations also put their reputations on the line when they take on major, multi-year, capital-intensive projects. Such projects often involve new purchases or upgrades for expensive medical equipment, buildings, vehicles, etc.
Locate and post a link to an article about a capital intensive project currently being proposed or implemented by a healthcare provider, pharmaceutical company, or medical equipment manufacturer. Your article may come from The Wall Street Journal or another reputable news source, such as the HFMA website, BHR, or from the website of a healthcare company.
Leveraging what you have learned from the course readings this week, discuss the example you found by replying to the prompts below:
Briefly describe the capital budgeting project and explain how it supports the mission and strategy of the organization
Examples of capital budgeting at the hospital level include: X-Ray machines, IV pumps, hospital vehicles, building upgrades, new construction, etc.
What sources were used to raise the required capital?
How will the financial success of the investment be measured?
Identify two financial risks that threaten this project and explain how these risks can be managed.
Answer preview briefly describe the capital budgeting project and explain how it supports the mission and strategy of the organization
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