Discussion Board Post Response - Essay Example

Response to Week 6 Discussion Response to Week 6 Discussion Schneider, I support your discussion in that Hoyer lifts are examples of capital expenditure. Hoyer lifts are expensive and are long lasting. Therefore, the benefits of the purchase will outweigh the disadvantages. I also agree with your point that the need for purchase can be demonstrated through showing the risks staff members are exposed to for lack of a better equipment to lift patients weighing more than four hundred pounds such as injuries to the staff.

Demonstrating how the facility is losing money through transferring patients weighing more than four hundred pounds to other facilities justifies the purchase. This trend can impact n the competitive advantage of the facility since patients weighing more than four hundred pounds will opt to seek the services of other healthcare facilities. Facilities with more capital assets according to Zismer, Sterns and Claus () have a competitive advantage over others. In my organization, there is need for an additional Magnetic Resonance Imaging (MRI) machine to prevent long queues in the department as patients wait for their turn.

Your case is similar to that in my organization as purchasing these equipments will increase efficiency of services. Your discussion Melton is also correct. Your organization considers the views of employees and incorporates their contributions in the formulation of budgets in terms of prioritizing purchase of capital assets. Incorporating employees in decision making has been proved to improve productivity as employees feel valued. Your organization does the correct thing. Subsequently, your organizations use of information regarding delays in patient care, patient anxiety, and patient satisfaction to demonstrate and justify the need for a vein finder sheds more light on how to demonstrate the need for an equipment in healthcare settings.

My organization calculated the expected return of capital (Baker and Baker, 2014) to demonstrate the need for an MRI machine and the time patients wait in queues to be access the equipment. Your technique is applicable to my organization as well. ReferenceBaker, J., & Baker, R. W. (2014). Health care finance: Basic tools for nonfinancial managers  (4th ed.). Burlington, MA: Jones and Bartlett Learning.Zismer, D., Sterms, J., & Claus, B. (2011). Capital efficiency and integrated health system designs.

Healthcare Financial Management, 65(7), 88–90, 92, 94.