| Capital equipment budgeting: changing an art to a science. | |
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MedLine Citation:
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PMID: 10174408 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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In today's integrated healthcare environment, one component of financial management remains antiquated in many facilities--the budgeting process for capital equipment. Many institutions budget for capital equipment based upon individual departmental wish lists and hopeful dreams. These highly inefficient practices are being replaced with automated systems that create departmental data exchanges, utilization analyses, life-cycle cost justifications and enterprise-wide budget roll-ups. This article shows how automated capital budgeting systems help reduce capital spending by identifying utilization trends, providing for demand matching, and maintaining cost control data which enable the financial manager or asset steward to analyze and justify appropriate acquisitions. |
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Authors:
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J Sadock; E D Tolman |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Journal of healthcare resource management Volume: 15 ISSN: 1078-9537 ISO Abbreviation: J Healthc Resour Manag Publication Date: 1997 Oct |
Date Detail:
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Created Date: 1998-01-07 Completed Date: 1998-01-07 Revised Date: 2000-12-18 |
Medline Journal Info:
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Nlm Unique ID: 9504369 Medline TA: J Healthc Resour Manag Country: UNITED STATES |
Other Details:
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Languages: eng Pagination: 16-21 Citation Subset: H |
Affiliation:
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Associated Resource Management Services, LLC, Bountiful, UT, USA. |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Automatic Data Processing Budgets* Capital Expenditures* Cost Control Decision Making, Organizational Materials Management, Hospital / economics*, methods Organizational Policy Ownership Technology, High-Cost / economics* United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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