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The Healthcare Executive's Guide to Allocating Capital (Ache Management),New
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Faced with more capital needs than available dollars, healthcare executives frequently struggle with making capital spending decisions. These decisions have lasting implications, and weighing the options can be a complex and daunting process. The Healthcare Executive's Guide to Allocating Capital can ease the anxiety involved with making capital spending decisions. This straightforward guide provides a stepbystep approach to capital allocation and management that can be used in all healthcare organizationsfrom small community hospitals to large healthcare systems. Learn how to overcome many common challenges including accurately calculating capital availability, determining the metrics to be used to review projects, defining decisionmaking authority, and integrating decisions into strategic and financial planning. Reallife examples illustrate how to apply bestpractice capital management in a variety of settings. Use the strategies and tools in this book to improve the success of your capital management decision making, reduce the stress involved in making difficult investment choices, and manage the implementation of approved projects. Topics covered include: * Linking capital allocation to strategic and financial planning processes * Determining how much capital can be spent in the nearterm and longterm * Using quantitative and qualitative criteria to evaluate and rank capital requests * Standardizing methods for analyzing capital requests * Allocating and managing nonproject capital needs * Ensuring allocation of capital to nonrevenue producing projects * Addressing emergency requests for capital * Tracking and managing capital projects after they are approved
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