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Related Experiment Videos

Big plans.

Kevin F Fitch1, James F Doyle

  • 1Elmhurst Memorial Healthcare, IL, USA. kfitch@ehmc.org

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|September 28, 2005
PubMed
Summary
This summary is machine-generated.

Elmhurst Memorial Healthcare estimates future asset replacement costs by inflating historical costs. Their capital planning model balances revenue growth, inflation, and investment income, adjusting for financial variations.

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Area of Science:

  • Healthcare financial management
  • Capital asset valuation

Background:

  • Accurate capital planning is crucial for healthcare organizations.
  • Estimating future asset replacement costs requires robust financial modeling.

Purpose of the Study:

  • To outline Elmhurst Memorial Healthcare's capital planning methodology.
  • To describe the process of estimating future asset replacement costs.

Main Methods:

  • Inflating historical asset costs over their expected lifespans.
  • Developing a balanced financial model with equal growth, inflation, investment income, and interest rates.
  • Adjusting model variables for potential financial fluctuations.

Main Results:

  • Future asset replacement costs are projected based on inflated historical costs.

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  • A balanced financial model serves as the baseline for capital planning.
  • The model allows for adjustments to accommodate variances in investment and debt.

    • Conclusions:

    • Elmhurst Memorial Healthcare employs a dynamic capital planning approach.
    • The method provides a framework for managing future asset replacement costs effectively.
    • Flexibility in the model allows for adaptation to changing financial landscapes.