Write a capital purchase proposal. The proposal can be to purchase anything that meets the definition of a capital purchase but it must cost at least $200,000. Your goal is to convince the Board (instructor) to approve this purchase. Your presentation needs to include at least the following content: 1. A description of the item with pictures and all details you can find, include proper sources. 2. The cost – including installation, operating and maintenance costs, CON application fees. 3. The financial effect – Will it make money or save money? How much? 4. Calculations for the payback period. 5. The service effect – Will it expand service or improve quality? Is it a patient safety issue?
The above information needs to be included in a written report. It will probably be two to three pages although you will not be graded down if it takes more pages. Include the financial information (payback period calculations) either in a Word table or in Excel. To keep things simple, the payback period does not need to include inflation or discount factors on the cost of money. Simply take the full cost of the capital purchase and divide the net revenue per year that the capital purchase produces to come up with the payback period. Make sure you include all the costs of the capital item (installation, training, etc.). These costs may also include a Certificate of Need approval so you will want to investigate that prior to final submission.
In addition to the written report, create a PowerPoint presentation; one you would use to present (sell) your idea to the Board. It may include YouTube videos or other visuals. Be creative and have fun with this.
The following is a list of capital items students have used in the past; just to give you some ideas:
• X-ray Machine
• CT Scanner
• Medical Helicopter
• Surgery Robot (Da Vinci)
• Garden for people with dementia
• Surgery Lighting