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 descriptionRationale for selectionCost-benefit analysisComplete a capital budget with projected financial benefit:Revenue or positive financial impactCapital equipment costPersonnel costSupply costReview financial ratiosReturn on investmentNet Present ValueCash Payback periodMake 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.