HCA 530 Grand Canyon University Health Care Policies and Economics Capital Purchase Justification

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HCA 530

Grand Canyon University

HCA

Description

The purpose of this assignment is to provide justification of a   capital purchase using decision-making skills, research, and data.

You are responsible for finding replacement capital pieces for the   radiology department. You have just been notified that the MRI scanner   machines are obsolete and need to be replaced. Compare and contrast   different vendors and ROI using the "Vendor Information   Sheet" resource.

Part One

  1. Before analyzing the "Vendor Information Sheet,"     what essential "items" should you consider before     purchasing an item?
  2. Using the "Vendor Information     Sheet," determine what a reasonable ROI is?
  3. What are     the minimum quality standards? Is there additional training required     to operate the equipment?
  4. Choose the vendor that fits the     need of the hospital and has the best ROI. Justify your chosen     capital purchase.

Part Two

After comparing vendors, write a 250-500 word justification for the   capital purchase to your vice president. Address the following:

  1. Why would this be a good investment for the hospital?
  2. What are the operating costs you took into consideration?   Explain.
  3. What facility considerations are involved regarding     this new piece of equipment? Explain.
  4. What is a reasonable     ROI? What are the minimum quality standards?
  5. What training     options would need to occur?

Unformatted Attachment Preview

Vendor Information Sheet You recently requested bids for a new MRI (magnetic resonance imaging) machine in for your radiology department. As a result, two vendors have submitted quotes based off the specs in your proposal. You anticipate the service life of this machine to be 10 years and that it should generate $600,000 per year at 50% capacity. To remove any potential for bias, your compliance department has provided the bids to you (below) and removed the name of each company. Bid: Company A Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in 90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 2 years. Software upgrades for 1 year. • Total cost: $3,650,000 • Additional warranty: $150,000 (per year to year 5) • Software upgrades: $50,000 (per year up to year 5) Bid: Company B Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in 90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 4 years. Software upgrades for 5 years. 1. Total cost: $4,400,000 2. Additional warranty: $75,000 (per year to year 10) 3. Software upgrades: $25,000 (per year up to year 10) © 2019. Grand Canyon University. All Rights Reserved.
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Explanation & Answer

Hello, kindly find the attached completed work. Thank You.

HCA-530 Capital Purchase Justification
Thesis statement: this paper compares vendors as well as justifies the capital purchase to the vice
president.


Part 1, comparing vendors



Part 2, justifying capital purchase


Running head: HCA-530 CAPITAL PURCHASE JUSTIFICATION
1

HCA-530 Capital Purchase Justification
Student’s Name:
Institution:
Date:

HCA-530 CAPITAL PURCHASE JUSTIFICATION
2
PART 1
There exist many capital equipments that are different and used within a department of
radiology in several healthcare facilities. The camera of nuclear medicine can be referred as more
efficient than the rest of radiological materials. A camera of nuclear medicine shall be bought to
assist in conducting several diagnostics within the medical centers for medical problems which
patients are experiencing. Also, buying the camera of a nuclear medicine camera shall influence
the health care organizations’ expansion. The camera of nuclear medicine is a distinctive
equipment. It uses radioactive substances that are of small amount in examining...


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