Capital Budget Item Used as the Basis for Written Capital Budget Proposal

Healthcare Finance Paper
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Hospital executives, in both public and private organizations, are often challenged by the board to remove costs from the annual budget. Sometimes they are asked to trim dollar amounts, and sometimes they are given percentage targets. One of the major reasons of financial stress for these executives is equipment replacement. It’s true that latest equipment guarantees patient care, but the cost is sometimes out of the budget. All hospitals buy the right kind of equipment and tech gadgets to provide both patients and doctors with maximum facilities (Gordon, 2011).
Like any other department or industry, we will allocate our funds wisely and reasonably. When our wallet gets tight, we may determine if something could be saved on equipment purchasing or not. Nurses often complain about the shortage of oxygen pumps. We may set a budget for these items depending on their ...