Summarize
Capital Budget Proposal
Name
Institutional Affiliation
Course
Professor
Due Date
The capital budget item is a portable cardiac monitor
The monitor is a small wearable device that keeps track of an individual’s heart rhythm
It can be worn for one or two days in which it records all the heartbeats (Briginets, et al., 2019)
Portable monitor may be prescribed after the electrocardiogram, especially if the ECG does not give satisfactory results. (Briginets, et al., 2019).
The information on the cardiac monitor can be used to determine the presence of heart rhythm problem
Capital Budget Item
Portable cardiac monitor is worn on the chest and helps evaluate the activities of an individual’s heart. It is usually prescribed as an alternative to the traditional electrocardiogram. It can be worn for one or two days in which it records all the heartbeats. The information on the cardiac monitor can be used to determine the presence of heart rhythm problem
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Portable cardiac monitor may be used in places where the traditional electrocardiogram does not give reliable results
The device helps monitor the electrical activities of a person’s cardiovascular system (Bauer, et al., 2018)
With the portable monitor, a patient can continue with their daily activities while the heart is being monitored
The Need for the Device
A portable cardiac monitor is worn underneath the clothing and close to the patient's heart. The device is more accurate than the traditional ECG. The device can help in ascertaining the patient’s level of exercise and activity they can handle without straining. It helps in identifying the risks and causes of cardiac abnormalities
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It is a convenient method for doctors to monitor and detect arrhythmias
The device can help in ascertaining the patient’s level of exercise and activity they can handle without straining (Bauer, et al., 2018)
As such, the risk and causes of cardiac abnormities can be easily identified
The Need for the Device, cont…
When a portable cardiac monitor is not purchased, data may not be sent from patients to healthcare professionals in real-time
Patients who suffer long term illnesses may not be able to communicate their progress with healthcare professionals in real-time (Lezhnina et al., 2020)
When the device is not purchased, patients with chronic diseases may record a reduced quality of life
Consequences if the Device is not Purchased
Patients may record reduced quality of life since the device helps improve their lifestyle. Patients may not be able to save cash if the device is not purchased since they will rely on the traditional ECG which is expensive. The device helps in sending real-time data to medical professionals for effective care. When the device is not purchased, patients with chronic diseases may record a reduced quality of life
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Potential patients may not be reached since healthcare will not be more available (Lezhnina et al., 2020)
Patients may not be able to save cash if the device is not purchased since they will rely on the traditional ECG which is expensive
Consequences if Device is not purchased, cont….
The cost of the equipment depends on the model (Mokhtari, 2018)
CONTEC CMS 5100 SPo2 and NIBP Measuring Patient Monitor costs 190.30 USD
Contec Multipara Patient Monitor CMS 8000 costs 460 USD
Cost of the Equipment
The cost of a portable cardiac monitor defers with another depending with the model, quality and location of the market. It is important to purchase the devices in bulk to spend less. Additionally, an organization should buy the devices from a trusted supplier to minimize risks of malfunctions.
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Galaxy Patient Monitor SPo2 and NIBP measuring Contec CMS 5100 also costs 190 USD
The diagram on the right shows a Contec Multipara Monitor CMS 8000
Alternative funding may come from the local authorities
Cost of the Equipment, cont…
The use of different electronic health systems in healthcare in managing chronic diseases is crucial
Despite not available to everyone, the device helps improve patient’s lifestyle (Sengupta, et al., 2017)
The device makes patients spend time with their family rather than at hospitals
The use of the device makes the patient aware of critical health deterioration and when they need to apply for an emergency help (Sengupta, et al., 2017).
Portable cardiac monitor brings free consultation with a medical professional right to their homes.
Compelling argument for the Capital Item Purchase
Portable cardiac monitor brings free consultation with a medical professional right to their homes. The device makes patients spend time with their family rather than at hospitals. The device can be used to improve a patient’s lifestyle and quality of care. Patients become aware in case of health deterioration when they put on the device. Consequently, they can seek urgent medical attention.
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Bauer, R., & Murugan, R. (2018). Portable Monitor and Defibrillators. Rapid Response System: A Practical Guide, 295.
Briginets, S., Volkov, A., Martinov, G., & Veselkov, A. (2019, April). Designing a mobile cardiac monitor. In IOP Conference Series: Earth and Environmental Science (Vol. 263, No. 1, p. 012028). IOP Publishing.
Lezhnina, I. A., Uvarov, A. A., Overchuk, K. V., Boyakhchyan, A. A., Torgaev, S. N., & Evtushenko, G. S. (2020). A Portable Wireless Cardiac Analyzer for Individual Use. Biomedical Engineering, 53(6), 392-396.
Mokhtari, S. S. (2018). Piezoelectric-Based Cardiac Monitoring Portable System.
Sengupta, J., Hoffman, E., Melby, D., & Gornick, C. (2017). The Revolution in Cardiac Monitoring. Journal of the Minneapolis Heart Institute Foundation, 1(2), 136-137.
References