HCS 571 WEEK 4: Section I of the Capital Project Assignment
HCS 571 WEEK 4: Section I of the Capital Project Assignment
HCS 571 WEEK 4 Section I of the Capital Project
Section I of the Capital Project Assignment – Write a 3,000- to 3,500-word paper in which you complete the following:
- Research a capital purchase, costing more than $5,000, which your company could benefit from. Examples include a new X-ray machine, a Magnetic Resonance Image (MRI) processor, software for filing patient records, a research library, or any large item that your company might use.
- Identify the management goals that expenditure would support. Management goals might include revenue, improvement, productivity, quality assurance, employee development, or management services consultant packages.
- Explain how the item could enhance the economic environment of the organization.
- Identify the organizational goals the expenditure would support. Goals might include patient care, medical and allied health education, community service, cost containment, leadership role, and clinical research.
- Explain how the expenditure would relate to the needs of the organization. Explain how it would be beneficial to the organization.
- Justify the expense to the organization. Relate the reasons to the hospital goals, including departmental and management goals, and how the acquisition would be beneficial.
Format your Section I of the Capital Project Assignment paper consistent with APA guidelines.
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HCS 571 WEEK 6 Sections II, III, & IV of the Capital Project
Section II: Establishing Acceptability
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Write a 1,050- to 1,200-word paper in which you include the following:
- Complete and discuss the results of the acceptability of the item for key stakeholders.
- Respond based on research to the purchase and use of the items at other organizations.
- Determine organizational risk and compliance issues related to the purchase and use of the capital item.
- Recommend risk avoidance strategies.
- Explain management roles and risks in accordance to compliance.
Format your paper consistent with APA guidelines.
Section III: Economic Feasibility
Create a budget that demonstrates the effect of the capital purchase on the service line, including the productivity of the service line.
Complete a financial analysis of the capital expenditure. Provide responses in a Microsoft® Excel® spreadsheet.
Create a pro forma summary sheet showing the net revenue and +cost impact of purchasing this item.
Section IV: Final Project Summary
Write a 1,200-word executive summary for the justification and include it at the beginning of the paper. Attach the financial statement.
Format your paper consistent with APA guidelines.
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