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Related Experiment Videos

Proper planning reduces risk in new technology acquisition.

R J Allen

    Healthcare Financial Management : Journal of the Healthcare Financial Management Association
    |November 5, 1989
    PubMed
    Summary

    Financial managers can use a 12-step business planning approach to evaluate new technologies. This method ensures accountability and confidence for healthcare organizations acquiring new technology investments.

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    Area of Science:

    • Healthcare Management
    • Financial Technology Evaluation
    • Business Administration

    Background:

    • Healthcare organizations face resource limitations, increased risks, and competition.
    • Strategic financial management is crucial for long-term organizational interests.

    Purpose of the Study:

    • To present a structured approach for evaluating new technologies in healthcare.
    • To ensure accountability, confidence, and support in technology acquisition decisions.

    Main Methods:

    • Adaptation of a 12-step business planning approach.
    • Application to the new technology evaluation process within healthcare organizations.

    Main Results:

    • Provides a comprehensive method for technology assessment.
    • Enhances decision-making for financial managers.

    Conclusions:

    • The 12-step business planning approach offers a robust framework for healthcare technology evaluation.
    • This systematic method supports informed acquisition and long-term organizational benefit.

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