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-5 pages 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.
You should meet the following structural requirements:
- 5 pages in length, 100 to 150 words for each item, not including the title or reference slides.
- Be formatted according to Saudi Electronic University and APA writing guidelines.
- Provide support for your statements with citations from a minimum of six scholarly articles.
