Financial management is one of the very
important parts of a health care organization’s strategic planning. Capital
budgeting has been increasing its’ importance in the health care sector
especially in recent years. Unstable environment created by sequestration and
health care reform prompted health care organizations to be extra watchful on
organizations’ long-term financial planning and well-being. Reiter studied the health care sector’s
decision-making procedures and capital investment strategies in year 2000. The
study showed relative sophistication in most part of the health care system ten
years ago, but these existing capital investment strategies and decision-making
procedures may not be sufficient for the future of health care.
Resource
Reiter, K., & Song,
P. (2013). Hospital capital budgeting in an era of transformation. Journal
Of Health Care Finance, 39(3), 14-22.
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