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Capital Budget Name: Institution: Course: Instructor: Date of Submission: Capital Budget for the Latest Electronic Health Record The capital budget is very crucial for any organization that wants to make purchases or long term investment for assets such as building, equipment and vehicles.
This item was prioritized for the broader benefits that it will bring to my department. The item is specially designed for easy operation for hospital caregivers to help them keep and manage the patients’ health records. For our surgical department services to be more efficient in accessing the patient’s records remotely and attend to the patients’ need effectively, this equipment will highly be required. Therefore, my choice for this equipment is founded on the basis that much efficiency will be derived from its use in order to improve the department’s service delivery ability (Eric, Paul, Anita, David, Kathleen, & Elizabeth, 2011). The estimated cost for the equipment is about $5,100, but the resulting improvement in patient care of the department will be much higher than this. Managerial Goals Productivity: The decision to purchase this equipment will increase productivity and service delivery whereby care givers and surgeons in charge will be able to access the patients’ charts remotely, they will be able to be alerted to attend to medical error and even be reminded to provide preventive care to their patients, hence high productivity is expected to result from the equipment purchase. ...
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