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Capital Purchase Justification - Research Paper Example

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Running Head: CAPITAL PURCHASE JUSTIFICATION Name: Course: Tutor: Date: Within the social and economic sector, the advancement in technology has lead to production of more efficient pieces of equipment. Like any other economic sector, technology has enjoyed substantial appreciation and application within the medical and healthcare industry…
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Capital Purchase Justification
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Download file to see previous pages Emerging trends suggest that most health care institutions are adopting new technological tools in service delivery. The main reason for this is that use of advanced medical equipment is accompanied by versatility and ease of application in medical service provision. In this case, effective service delivery within an institution will accelerate efforts directed towards accomplishment of desired objectives. Typical objectives include achievement of reputable service delivery and profit maximization within a healthcare institution. This essay evaluates appropriateness of investment within the radiology department in Kenyatta Hospital. In the context of technological integration, one of the major medical equipment used within the radiology department is an ultrasound machine. According to Szabo (2010), ultrasound equipments employ the concept of ultrasound techniques in executing diagnostic services. Ultrasound techniques are currently preferred in diagnosis to other methods like x-ray imaging because they are cheap. As a result, most medical institutions have created independent diagnostic field dubbed medical sonography. Sonographers use ultrasound equipments in performing diagnosis on patients having complications relating to subcutaneous tissues. Consequently, modern healthcare institutions have fully functional diagnostic centers utilizing ultrasound tools of various kinds. As insinuated earlier, advancement in technology has led to improvement of medical equipment. According to Laurence (2008), this means that health institutions should stay abreast on latest innovations concerning medical equipment vendors. In this essay, we will evaluate on the objectiveness of investing in a specific piece of Sonographic equipment within the radiology department. In this regard, Acuson Cypress Ver 20 Portable Ultrasound Machine was the equipment of choice. Upon careful consideration of the available options, General Electric featured as the most appropriate vendor for the machine. Acuson Cypress Ver 20 is one of the latest developments within the company’s production lines. This equipment has appropriate features that prove beneficial when utilized in radiology processes. According to Absolute Medical Equipment (2013), some of its benefits include the medium size of the equipment, which enhances aspects of portability. In addition, certain integrated features like the ability to produce 3D images allow its application in numerous specific situations like obstetrics and cardiology diagnosis. In this case, Acuson Cypress ultrasound machine could facilitate flexibility and space utilization in medical sonography processes. This will eliminate the need to purchase different equipment to perform each specific diagnosis among the patient population. With respect to the economic feasibility of the investment, we will appraise aspects of purchasing cost and that of return on investment. Absolute Medical Equipment has priced the equipment at $13,500, accompanied by a 1-year warranty. After purchase, additional logistical costs including delivery and installation make the total cost of the equipment $14,000. Additional charges including servicing and maintenance are minimal and will be off-set periodically from proceeds generated during the equipment’s utilization. With respect to proceeds generated, the medical institution seeks to maintain its current charges of ultrasound diagnosis. On average, the radiology dep ...Download file to see next pages Read More
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