The Feasibility of Beam
Metropolitan Hospital has decided to investigate the possibility of acquiring BEAM technology for brain imaging. This equipment will significantly improve the physician’s ability to locate abnormalities of the brain. Because reimbursement is uncertain and major expenditures involved, the governing body would like to explore the options of buying, leasing, or sharing County Hospital’s recently purchased BEAM machine. Physicians think that BEAM is critical to their practices and would prefer to keep patients at Metropolitan, thus increasing their competitive advantage and expanding their scope.
Final Reporting
The committee’s final report to the GB should include an appropriate assessment of 2: * Financial feasibility * Cost effectiveness * Operating costs * Availability of trained technical staff and support services * Expert physicians * Life Span * Safety and efficacy * Impact on patients and community * Risks and legal liabilities * Potential social, ethical, political effects * How to monitor after purchase performance
It is important that the report entails how the assessment criterion applies to the organization’s mission, vision, and strategic plan.
Assessment
The proposed recommendation is for Metropolitan to lease BEAM technology. Doing so will allow sizable tax savings, effective balance sheet management, improved asset management, and expected cash flow while giving the organization a competitive edge.
BEAM | Advantages | Disadvantages | Buy | 1. You own it 2. Presents an image of growth 3. Organization maintains high level of control 4. Stabilizes referral base 5. Expands services 6. Tax incentives 7. Cheaper in the long run | 1. Availability of capital 2. High start-up costs 3. Reimbursement issues | Lease | 1. Option of ownership at the end of term 2. Lower start-up costs 3. Tax deductible monthly expense1 4. Revenue generated should greatly exceed
Final Reporting
The committee’s final report to the GB should include an appropriate assessment of 2: * Financial feasibility * Cost effectiveness * Operating costs * Availability of trained technical staff and support services * Expert physicians * Life Span * Safety and efficacy * Impact on patients and community * Risks and legal liabilities * Potential social, ethical, political effects * How to monitor after purchase performance
It is important that the report entails how the assessment criterion applies to the organization’s mission, vision, and strategic plan.
Assessment
The proposed recommendation is for Metropolitan to lease BEAM technology. Doing so will allow sizable tax savings, effective balance sheet management, improved asset management, and expected cash flow while giving the organization a competitive edge.
BEAM | Advantages | Disadvantages | Buy | 1. You own it 2. Presents an image of growth 3. Organization maintains high level of control 4. Stabilizes referral base 5. Expands services 6. Tax incentives 7. Cheaper in the long run | 1. Availability of capital 2. High start-up costs 3. Reimbursement issues | Lease | 1. Option of ownership at the end of term 2. Lower start-up costs 3. Tax deductible monthly expense1 4. Revenue generated should greatly exceed