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Related Experiment Videos

Integrating technology assessment into the capital budgeting process.

D Watts1, D L Finney, B Louie

  • 1Hamilton Civic Hospitals, Ontario, Canada.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|January 8, 1993
PubMed
Summary

Technology assessment provides crucial data for hospitals to prioritize capital equipment requests. Integrating this assessment into the budgeting process ensures optimal annual equipment purchasing decisions.

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Area of Science:

  • Healthcare Management
  • Health Technology Assessment

Background:

  • Hospitals face challenges in prioritizing capital equipment requests.
  • Effective capital budgeting requires accurate information on existing and requested technologies.

Purpose of the Study:

  • To demonstrate the value of technology assessment in hospital capital budgeting.
  • To provide a framework for ranking capital equipment needs.

Main Methods:

  • Utilizing technology assessment to gather data on current and proposed equipment.
  • Integrating assessment findings into the hospital capital budgeting process.

Main Results:

  • Technology assessment provides essential data for ranking capital requests.
  • Informed decision-making regarding equipment acquisition is facilitated.

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Conclusions:

  • Integrating technology assessment into capital budgeting is the optimal strategy for hospitals.
  • This approach ensures efficient and effective allocation of resources for new equipment purchases.