Question

Assignment Exercise 16-I:

Capital Expenditure Proposals Worthwhile Hospital has a total capital expenditure budget for next year of five million dollars. Of this amount, three million is already committed as spending for capital assets that have already been acquired and are in place. The remaining two million dollars is available for new assets and for new projects or programs. Worthwhile Hospital typically divides the available capital expenditure funds into monies available for inpatient purposes and monies available for outpatient purposes. This year the split is proposed to be 50-50. The hospital’s CFO is also proposing that a scoring system be used to evaluate this year’s proposals.

She has set up a scoring system that allows a maximum of five points. Thus the low is a score of one point and the high is a score of five points. In addition to the points earned by a funding proposal, the CFO will allow one “bonus point” for upgrading existing equipment and one “bonus point” for funding expansion of existing programs. Jody Smith, the Director who supervises the Intensive Care Units, wants to secure as much of the one million dollars available for inpatient purposes as is possible for the ICU. At the same time Ted Jones, the Director who supervises the Surgery Unit, also wants to secure as much of the one million dollars available for inpatient purposes as is possible for his Surgery Unit. Given the CFO’s new scoring system, how should Jody go about choosing exactly what to request?

Answer 1

Jody can go about choosing exactly what time request are

• Ensuring there is availability of the new and sophisticated technologies for the patient in ICU to attend all types of critical situation which is beyond man's control. Use of artificial intelligence in most of the place can improve the scoring system.
• Expansion financing or the funding expansion can be applied to all stakeholders to invest their ideas and work to improve and expand the organization like hospitals
• Requesting for regular quality audits to make necessary changes and be up-to date in providing patient service
• Requesting for the training of all health care professionals in the ICU periodically to refresh themselves in knowledge and skills to improve and provide best quality patient care.