Capital Justification Essay

Words: 928
Pages: 4
Open Document
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) equipment. This equipment involves a large capital investment upfront, but it can be profitable in the end. The hospital has considered factors such as the cost of this equipment, the facilities needed, and the return on investment of the equipment. The above factors are among some of the factors that are considered when buying large capital equipment for an organization such as a hospital (Keefer, …show more content…
The demand for imaging is also growing with an increase in the recorded cases of cancer. This makes the purchase of the machine prudent because of the need for imaging that is increasing. Increased scanning speed
The MRI machine increases the speed of performing scans with its new technology features. The machine has the capacity to display results immediately after the scan and even during the scan. This is unlike some other technologies, for example, x-rays, which allow for processing time. The MRI machine has a real time locator, which allows fast reconstruction of data, and enables a real-time display of results. The faster speeds of scans also mean that more patients can be served utilizing the machine maximally (Tofts, 2005).
Conclusion
The initial investment in the MRI machine is significantly high because the cost of purchasing and installing the equipment totals to about $2.3 million. There are also some additional costs, which are incurred during the daily operation of the machine. With such enormous costs involved in the operation of the machine, there are other factors, which justify the purchase of this equipment, mentioned in the report. The charges on MRI imaging are quite high and are enough for the hospital to recoup its investment on the equipment. The other factors such as increased speed of performing scans, higher imaging quality and a variety of clinical
Show More

Related Documents: Capital Justification Essay

Anti-Homeless Legislation

removing them from public spaces and marginalizing them to ensure that urban areas remained appealing for capital investment. This essay explores Mitchell’s argument, detailing the mechanisms of exclusion, the socio-political justifications for these ordinances, and how Marxist theory further explains these dynamics. Exclusionary Modern Citizenship Globalization is the ideology that…

Words 1079 - Pages 5

Analysis: The Walt Disney Company and Disney Essay

RECOMMENDATIONS AND JUSTIFICATIONS: RECOMMENDATION #1: Should the firm increase their capital expenditures to increase competitiveness? This will almost always be true but what segments of the business get the most capital allocated to them and why? Justification: Disney should increase their capital expenditures to increase competiveness by investing in expansion projects for its cruise lines, cable and broadcast TV movie studios. Currently Disney spends approximately $1.7 Billion in capital expenditures…

Words 1167 - Pages 5

Contemporary Moral Issues Essays

1. What is punishment? Why do we need a justification for punishment? What does it mean to say that harming an individual is prima facie wrong? Answer: Punishment is defined as the intentional inflection of harm on an individual for some perceived past wrongdoing. We need justification because there is a general proscription against harming people. Harming an individual would be considered prima facie wrong. This means that harming people is wrong unless there is an overriding reason that justifies…

Words 735 - Pages 3

Escalation Vs Escalation

courses of action. Escalation is determined, at least in part, by decision makers' unwillingness to admit that their prior allocation of resources to the chosen course of action was in vain (the self-justification explanation). There is a distinction of note; drawn between alternative (to self-justification) explanations of escalating…

Words 661 - Pages 3

Pros And Cons Of The Death Penalty

Knowing the exact date and time of one’s death would be tremendously terrifying. For the people on death row, they experience this every single day. Instead of paying their time, they get the easy way out. The death penalty is not a fair justification and the United States should not practice this mechanism. The death penalty puts innocent lives in danger. On June 26, 1980 in St. Louis, Missouri, Quintin Moss, 19, was shot in a drive-by during an alleged drug deal. Although evidence contradicts…

Words 303 - Pages 2

Summary Of On Becoming Louis A Perez

that the reasoning behind Americans going to Cuba should encompass all aspects of American colonial expansion. The total consumption idea that Perez uses is also seen in McCartney’s work by showing the interdependent ideas of missionary political capital and policy making. Paul T. McCartney in Power and Progress: American National Identity, the War of 1898, and…

Words 613 - Pages 3

Life Without Parole

The Death penalty otherwise know as capital punishment, is the punishment of execution, administered to someone legally convicted of a capital crime. The crimes that can be penalized include: treason,terrorism, espionage, federal murder, large-scale drug trafficking. The death penalty started to become a problem in the 1770’s when European theorists started questioning the ethicality of this punishment, for they believed that there was no justification of the state taking a life. Life without…

Words 289 - Pages 2

Controversy: Suicide And Defense Of Human Life

There are several ways that society has for taking human lives. Suicide, defense of self and others, war, capital punishment, terrorism and just plain homicide. Each of these methods have certain arguments for and against and each has the potential to provoke controversy both for and against. I hope to be able to present both sides of the ethical dilemmas by presenting both he arguments for and against taking a human life under the listed circumstances. Suicide in itself is questionable whether…

Words 611 - Pages 3

Just Mercy Death Penalty

For some time now, discussions about the death penalty have increased. Which is revealing many flaws in the criminal justice system. This project portrays the death penalty by highlighting ethical concerns and injustices. By examining wrongful convictions and the cruelty of punishments, it emphasizes the importance of human rights and justice. George Daniel's case, in "Just Mercy," shows how individuals with disabilities are hurt by the criminal justice system and subjected to harsh punishment,…

Words 388 - Pages 2

Monopolistic Competition Essay

ways: adjusting the price of commodity, changing the character of product and enlarging the payout on advertisement and drumbeating. These are so-called price competition and non-price competition. Evolutionary Justification The author of the paper “A new justification of monopolistic competition”, Werner Guth, a professor of Humboldt-University who showed that conjectural profit functions neglecting strategic interdependence are (neutrally) evolutionarily stable. For the theory of…

Words 1445 - Pages 6