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Capital Investment Justification and Variance Analysis in Hospital Management: Evaluating Equipment Purchases and Budget Performance

This assignment examines capital investment decisions and variance analysis in hospital management.

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Capital Investment Justification and Variance Analysis in Hospital Management:Evaluating Equipment Purchases and Budget PerformanceA.1.Choose a major capital piece of equipment to be used in the radiology department of ahospital (e.g., CAT scan, MRI, nuclear medicine camera, etc.). Next, research and choose avendor. Vendors such as GE, Siemens, or others can be located on the Internet.2.Request information on cost justification and ROI from the vendor.3.Write a justification for capital purchase (750-1,000 words) to your vice president as to whythis would be a good investment for the hospital. Include the operating costs you took intoconsideration and what facility considerations are involved regarding this new piece ofequipment.4.Cite a minimum of three references to support your rationale.Solution:1.The cost of different CAT machine depends upon the technology systems:Siemens$ 200000 usd approxToshiba$ 180000 usd approxBeckam coulter$ 250000 usdSharp$ 200000 usdGE$ 300000 usd approxPhillips$ 140000 usd approx2.Somatom Emotion is the most popular CT in the world. This machine is consists of 16slice CT service.Cost of Machine $ 200000Life of machine 7 yearsRental Saving $ 210/ monthRevenue $ 200 USD per case and 20 patients per dayOther Cost$ 3000/ monthCost of machine$2,00,000Revenue$1,00,000(20 patients per day @ $ 200 per case)Rental Saving$210Training Cost$1,000Maintainance Cost$2,000Net Saving$97,210ROI49%3.To,The Vice PresidentSubject: Capital Justification of CT Scan Machine

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