Capital Purchase Justification Essay
Capital Purchase Justification
Mr. Vice President I know that the hospital has been trying to increase services by investing in new quality equipment for the radiology department. I would personally recommend that the hospital invest in General Electric Healthcare Magnetic Resonance Imaging (MRI) scanners. Furthermore, I completely understand that making such decisions require taking numerous factors into consideration, for instance, the price of the new equipment and the expected profit that the equipment will likely bring to this hospital. MRI scanners are an invaluable piece of equipment needed in the radiology department due to the fact that it is top quality as well as an ideal investment for this hospital. Even though the scanners call for substantial spending the scanners have greater possibility for the return on investment. MRI scanners are a unproblematic diagnostic practice that permits physicians to see comprehensive images of the internal edifices of your body without utilizing X-rays (Huettel, Song & McCarthy, 2005). This particular piece of equipment is important because it clearly illustrates the differentiation amongst diseased and healthy tissue.
In addition, it allows physicians to gather vital information about a patient’s spine, brain, internal organs as well as joints. Initial treatment and revealing of disease, has no known side effects; thus, physicians will enhance the ability to decide the most suitable treatment for patients (Foltz & Jaffray, 2012). General Electric Healthcare is future focused and patient centered because it offers extraordinary results in addition to an all-inclusive array of products to address the imaging needs of the hospital’s radiology department. Moreover, without compromising capabilities or quality the Optima MR450w 1.5T with GEM Suite by General Electric Healthcare offers comfort for the hospital’s patients.
Most importantly, it fuses the advantages of wide-bore imaging with the Geometry Embracing Method (GEM). The Optima MR450w is large enough for patients of all sizes and it decreases the audio sounds for MSK, brain and spine exams deprived of negotiating the value of the imaging results. This particular platform offers high reliability gradients which elevated control of gradient presentation to produce outstanding presentation in demanding applications such as cardiac, fMRI, FIESTA and diffusion and indication digitization in the magnet room to advance SNR (General Electric Company, 2014).
Furthermore, the Optima MR450w with GEM Suite will enable the hospital to comply with the needs of patients, offers higher degree of signal clarity, an efficient workflow as well as allow for fewer stations, faster exams and fewer fatsat failures. The wide bore diameter, feet-first imaging, Acoustic Reduction Technology, and the aesthetic and comfort-enhancing features of the GEM Suite help address common causes of patient anxiety and non-compliance during the exam (General Electric Company, 2014). More exams will be completed in a lesser amount of time due to the homogeneous magnet and the new features and redesign of the Optima MR450w will allow physicians to save time on exam prescription and patient setup. Most importantly, the Optima MR450w with GEM Suite by General Electric Healthcare is a very sound investment. A proven, 25-year track record of delivering additional capabilities to customers as technologies evolve, without needing to replace the magnet (General Electric Company, 2014).
The MRI machines expand further than radiology due to the fact that it endorses the functionality of radiation therapy planning. It increases uptime with the most qualified and major service forces in the world which will allow the radiation department to foresee and handle service needs without any unplanned down time. The cost of the Optima MR450w 1.5T with GEM Suite by General Electric Healthcare is $49,181.00. If the hospital was to finance the MRI scanner for sixty months at a seven percent interest rate the hospital would be looking at monthly payments of $862.54. The monthly payments include all and any maintenance that may need to be completed for the duration of the contract.
The radiology department does have the option of leasing the MRI platform; however, I do not recommend that option because it will be expensive in the long run and have little to no return on investment. Mr. Vice President with all the information that I have provided I totally believe that the Optima MR450w 1.5T with GEM Suite will benefit the hospital’s radiology department as well as the patients.
Foltz, W.D. & Jaffray, D.A. (2012). Principles of Magnetic Resonance Imaging. Radiation Research, 177(4), 331-348. Huettel, S.A., Song, A.W.,
& McCarthy, G. (2005). Functional Magnetic Resonance Imaging. The Quarterly Review of Biology, 80(1), 149-150. Magnetic Resonance Imaging. General Electric Company. Retrieved January 26, 2014, from http://www3.gehealthcare.com/