Title: Centralized Capital Planning Process Prioritizes Needs
Abstract: 45 At many healthcare organizations, the capital planning process is a decentralized affair, with decisions on medical equipment purchases made on a case-by-case basis, often swayed by heavy lobbying from medical departments. Efficiency and cost effectiveness are typically not well served by such a system. When the Group Health Cooperative (GHC) found itself in a financial crunch in the mid-1990s, senior management decided that they needed to do a better job at capital planning. They created a centralized system to prioritize needs, save money, and improve planning across the system.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
Indexed In: ['crossref', 'pubmed']
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