A complex approach to financing capital expenditures at medical organizations
Abstract. Capital investment decisions in healthcare organizations play a key role in the development of existing treatment options and the emergence of new technologies. Although capital investments require significant upfront costs, they can result in cost savings over the long term. Investments in technology and equipment can increase the efficiency by rapidly decreasing time of patients` examination and the accuracy of diagnostics, resulting in a reduction of costs and lost capacity. The modern evaluation of capital investment projects is not a single process among various organizations and even within an organization. The goal set by the author is to provide a universal complex method for assessing capital investments in a medical organization, which can be quickly identified in the same format. The project proposed by the author analyzes not only financial factors, but also forecasts and expectations of stakeholders, operational and medical factors.
Keywords: financing, capital investments, investments, healthcare, medical organization, NPV, stakeholders, medical management
Highlights:
♦ the author presents an integrated approach to managing the process of preparing a capital investment project; proposed a classification of projects;
♦ as a result of the study, a methodology for classifying a project based on variable factors using a system of indicators is presented;
♦ r recommendations are provided on the implementation of the methodology in a medical organization in its current form or with the modernization by the user.
Timur M. Fakhrutdinov - Ural Federal University named after the first President of Russia B.N. Yeltsin, Yekaterinburg, Russia