Assessment DescriptionThe purpose of this assignment is to critically think about the implications of capital planning and the aspects of operations management that need to be considered when making financial decisions.Assume that the radiology unit at Northwestern Memorial Hospital needs a new magnetic resonance imaging (MRI) machine, and you have been tasked with requesting bids. Two vendors 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 and removed the name of each company.Bid: Company ASupply 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: $3,650,000Additional warranty: $150,000 (per year to year 5)Software upgrades: $50,000 (per year up to year 5)Bid: Company BSupply 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.Total cost: $4,400,000Additional warranty: $75,000 (per year to year 10)Software upgrades: $25,000 (per year up to year 10)After comparing both vendors and reviewing the "Consolidated Financial Report," choose the bid that will enable the hospital to make the most financially sound decision. Create a PowerPoint presentation for the capital purchase to present to your vice president, explaining your choice. Address the following questions in a PowerPoint presentation of 10-12 slides (not including your title and reference slides):Why would the bid you chose be a good investment for the hospital?How will this purchase factor into the hospital's plan for allocation of its resources?What operating costs did you take into consideration when making this decision? Explain.What facility considerations will the hospital need to make to accommodate the new MRI scanner? (Consider the location of the unit, materials, licensing requirements, etc.)What is a reasonable ROI that the hospital could expect? What are the minimum quality standards?What kind of training will need to occur?Cite a minimum of three references to support your rationale. Comprehensive speakers’ notes are required.Refer to the resource, "Creating Effective PowerPoint Presentations," located in the Student Success Center, for additional guidance on completing this assignment in the appropriate style.While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.Essentials of Health Care FinanceCleverley, W. O., & Cleverley, J. O. (2018). Essentials of health care finance (8th ed.). Burlington, MA: Jones & Bartlett Learning. ISBN-13: 9781284094633

Health Statistics and PopulationsProfessional Competency addressed in this Assignment:PC-4.3: Apply concepts of multiculturalism and diversity to become an agent of change.DirectionsSelect a health topic of interest such as breastfeeding, coronary heart disease, or juvenile diabetes that affects a specific population such as older adults or women of reproductive age or race. Locate health statistics for your selections. You must include national and state data. Your work may also include local county or city data if available.Additionally, research content regarding concepts of multiculturalism and diversity, and include interventions that address health disparities.Input your responses using a table similar to the one below. You may recreate the table in Word©. A Word document version of this table is available in Doc Sharing. Excel© files are not accepted. Include a title page and reference page. Length of Assignment should not exceed 3 pages.Data Search DirectionsSummarize Your FindingsIdentify the population of interest and health condition/event to your practice. Specify how you define the population (e.g. age, gender, health status, etc.).Summarize your search process. Specify what sources, organizations and agencies for health statistics were searched to find relevant health statistics. Be specific and thorough in your search.Provide the health information obtained in the search. Include any significant statistics and information on risk factors and trends in epidemiology data on your topic.Interpret your findings and determine if there is any evidence of health disparities based on the population examined. Be sure you understand what health disparities are and address if your topic is or is not impacted. Provide several examples and include interventions that would improve this disparity.