Capital Purchase Justification

Capital Purchase Justification

Information request on cost justification and ROI

Nuclear Medicine Camera is one of the most advanced and developed form of the medical equipment, which does not only allow the doctors to get better idea about the actual condition of the patients but at the same time, also assists them in implementing better methods of prevention and cure. Siemens is known for the production of high quality and reliable electronic equipment, and the same goes for medical equipment as well. Nuclear Medicine Camera produced by Siemens is known to produce outstandingly good results and is also known to be more durable as compared to other companies producing the same product. The Siemens Nuclear Medicine Camera is currently available for US $ 25000, which makes it one of the most expensive equipment ever purchased by the hospital and the same also triggers the need for getting extra funds from the government as well as the non-government sources.

It should be taken into account that the ROI (Return on Investment) of the equipment is expected to be significantly high, thus making the expenditure worth it. This is so because with the increase in awareness regarding the various medical and health related issues and problems, there has been significant increase in the cautions taken by the patients and a large number of patients are now opting for the specialized tests (Biersack and Freeman, 2007). In case of absence of specialized machinery within the hospitals, the patients are compelled to go to other hospitals and laboratories to get the tests conducted. Once the equipment would be made available in the hospital, the patients would be using the facility and thus the cost of the machine would be reimbursed soon. Thus, although the price of the Nuclear Medicine Camera is significantly high and the ...