Capital Decision Basics: Discretionary Replacements Project
Instructions
Your book this week discussed capital investment decisions. For your post this week, I want you to pick one of the first 5 project classification categories and discuss how you would present a hospital project of your choice. Be sure itis clear what category that you are explaining. Talk about the cost, why you need it, the payback period, and the expected outcomes of the project.
- Write a minimum of 300 and a maximum of 350 words .
- Support your post by citing one reference (other than the text) in the discussion.
- Submit your original post
- Respond to at least 1other post
- Failure to submit posts in a timely manner, meet the assigned minimum word count.include citations and references for external sources, or respond to an instructor or peer comment will result in a loss of points.
- Note: Cite paraphrased information obtained from another source but do not use quotes.Do not use any quoted or copied material.
Module 5 Discussion: Capital Decision Basics
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Module 5 Discussion: Capital Decision Basics
A Category 2: Discretionary Replacements project involves “expenditures related to replacing servicable but technologically obsolete equipment to lower costs or to provide more clinically effective services.” (Gapenski, 2019). For this discussion, the project will specifically be the replacement of patient intake methods by transitioning from a manual patient intake process to a digital one for a small, local hospital. Manual patient intake involves a patient coming in the facility, approaching the front desk, and filling out some forms. This process is time-consuming and prone to errors, more so if the patient is coming in for the first time and they do not yet have an existing record within the hospital’s records/EHR. In this project,
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