Capita Purchase Omnicell
“Capital Project for my Workplace”
Yesenia Acosta HCS571
August 14, 2014 Prof. Marynell Lubinski
Introduction A mixture of rising health insurance premiums, uninsured Americans and the exorbitant cost of prescription drugs; have pushed healthcare costs across the nation to its highest level in years. “American Teacher” (2002). Every day Manager’s across the nation are more pressured to keep the expenses of their unit within their allocated budget. Creating strategies and implementing new ideas to overcome expenditures and save money for their organization seems to be a big responsibility for Managers and eventually their day-to- day goal. The following paper will describe ways in which this hard task can be achieved. Capital Purchase Health Care Managers within a hospital not only have the difficult responsibility of reducing expenses within their units, but also in meeting patient demands while still providing the highest level of care for their patients. This seems to be an impossible task but must be accomplished for an organization to keep running and offering their services to the community. It is no different at the organization I work for. On the Med Surge unit, I work in, many times you will find there are various supplies that go to waste and can’t be charged to a specific patient; the cost results in an expense to my Manager’s budget that could possibly have been avoided if certain changes are implemented on time. For this reason, I would like to make a Capital Purchase of an Omni cell for the unit. The amount I have estimated for this capital purchase is $5.000. The Omni Cell will be financed through a loan from our local bank at a fixed rate of 3.02% Management goals and Expenditure Support Management needs to have a very clear and concise mentality, and this is to avoid any unnecessary expenses and save on any expenses that must be made. However, by
Yesenia Acosta HCS571
August 14, 2014 Prof. Marynell Lubinski
Introduction A mixture of rising health insurance premiums, uninsured Americans and the exorbitant cost of prescription drugs; have pushed healthcare costs across the nation to its highest level in years. “American Teacher” (2002). Every day Manager’s across the nation are more pressured to keep the expenses of their unit within their allocated budget. Creating strategies and implementing new ideas to overcome expenditures and save money for their organization seems to be a big responsibility for Managers and eventually their day-to- day goal. The following paper will describe ways in which this hard task can be achieved. Capital Purchase Health Care Managers within a hospital not only have the difficult responsibility of reducing expenses within their units, but also in meeting patient demands while still providing the highest level of care for their patients. This seems to be an impossible task but must be accomplished for an organization to keep running and offering their services to the community. It is no different at the organization I work for. On the Med Surge unit, I work in, many times you will find there are various supplies that go to waste and can’t be charged to a specific patient; the cost results in an expense to my Manager’s budget that could possibly have been avoided if certain changes are implemented on time. For this reason, I would like to make a Capital Purchase of an Omni cell for the unit. The amount I have estimated for this capital purchase is $5.000. The Omni Cell will be financed through a loan from our local bank at a fixed rate of 3.02% Management goals and Expenditure Support Management needs to have a very clear and concise mentality, and this is to avoid any unnecessary expenses and save on any expenses that must be made. However, by
References: Finkler, S., Kovner, C., & Jones, C. (2007). Financial management for Nurse managers and executives (3rd ed.). Retrieved from The University of Phoenix eBook Collection database. 2002, (May/June). “Keeping up with rising healthcare costs”. American Teacher, 86(8), 3-23.