Capital purchase justification

This is bound to increase return on investment through referrals for scanning for such conditions. Principles of Magnetic Resonance Imaging. All equipment requires general maintenance to insure long life but the purchase of used medical technology will pull more money out of the hospitals pockets in the long run and much sooner.

This means that equipment will be widely utilized in the clinical setting resulting in greater returns on investment. The reduced scan time is an added advantage to the institution as it would enable the serving of greater number of patient as well as ensuring proper utilization of man power.

The Quarterly Review of Biology, 80 1 This diagnostic equipment is significant because it evidently illustrates the difference between unhealthy and healthy groups of tissues. This makes the equipment ideal for identifying tumors, injuries, cardiovascular conditions, stroke and blockages in the circulatory system Siemens, This cost includes any necessary Capital purchase justification needed for the whole duration of the contract from a reliable team of service technicians from General Electric Healthcare.

This is because the prices changed on imaging services are reasonably high to cover the investment cost while the demand Capital purchase justification these services is also high. Wide range of clinical application, enhanced imaging quality, reduced scan time and cost saving features are other factors that enhances the profitability of this investment.

The Quarterly Review of Biology, 80 1 Cost of the Equipment This report recommends Siemens 1. As part of the healthcare team, it is our duty to provide our patients with the highest quality of care they deserve from us and the best possible equipment within our facility.

Investments decisions especially on major capital equipment must factor in various considerations. Tarbet, with all these data and information provided to you, I am confident that the Optima MRw 1. An MRI scanner is considered a vital piece of equipment necessary in the Radiology Department because of the fact that it is an ideal investment for this hospital because of its technological benefits to our patients.

The Optima MRw is large enough for patients of all sizes and it decreases the audio sounds for MSK, brain and spine exams deprived of negotiating the value of the imaging results. First of all the equipment has been designed to eliminate the use of cryogen which makes it easier and cheaper to operate and maintain the machine Siemens, The MRI can be used to examine medical conditions in the brain, heart, spine, abdomen, breast and bones.

Retrieved January 11,from http: If one takes into consideration, operating costs along with repairing and purchase of the product alone. Hospitals having the MRI machines usually change patients for using the MRI machine and an additional charge for the radiologist to view the images. The cost of the Optima MRw 1.

Cost of MRI equipment can range from one to three million dollars depending on how advanced it is. The monthly payments include all and any maintenance that may need to be completed for the duration of the contract.

I am aware that our hospital has been contemplating on increasing our services by investing in much more advanced equipment that can be utilized in the Radiology Department. Additional costs are also incurred in the operation of this equipment. Although we do have the option to acquire the scanner as a lease, but the cost would be higher.

Capital Purchase Justification Introduction The hospital has been planning to make investments on equipment to help boost delivery of services. The MRI scan has been selected as the ideal investment option for this institution.

Enhanced imaging quality Another advantage of the MRI equipment is enhanced imaging quality. A proven, year track record of delivering additional capabilities to customers as technologies evolve, without needing to replace the magnet General Electric Company, The construction of the product alone, can cost half a million, which adds to the total amount of the product.

Retrieved January 26,from http: This is an additional benefit to the company since the simplicity of the equipment reduces the cost associated with training personnel to use the equipment Siemens, These considerations are such; the cost of the equipment and projected returns that the equipment is likely to make.

Principles of magnetic resonance imaging. More exams will be completed in a lesser amount of time due to the homogeneous magnet and the new features and redesign of the Optima MRw will allow physicians to save time on exam prescription and patient setup.

There also a handful of other factors that enhance the return potential of this equipment. This makes diagnosis of conditions such tumors and blockages in blood vessel disease a lot easier to detect Siemens, It has begun urging healthcare facilities to make new investments in new equipment and these kinds of advancements have been statistically proven to be a necessity when it comes to patient diagnostics and care.

The MRI machines expand further than radiology due to the fact that it endorses the functionality of radiation therapy planning.Capital Purchase Justification Details: Choose a major capital piece of equipment to be used in the radiology department of a hospital (e.g., CAT scan, MRI, nuclear medicine camera, etc.).

Next, research and choose a vendor. Vendors such as GE, Siemens, or others can be located on the Internet. Request information on cost justification and.

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). 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. Justification 2 Capital Purchase Justification Magnetic resonance imaging scanners (MRI) are intricate pieces of healthcare equipment.

This piece of equipment is essential and should be used at every major medical facility%(11).

Capital Purchase Justification Essay Sample

Capital Purchase Justification Introduction The hospital has been planning to make investments on equipment to help boost delivery of services. This report recommends investment on Magnetic Resonance Imaging (MRI) equipment.

Capital Purchase 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.

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Capital purchase justification
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