IHP-450-X5747 F
P :
C Budg P
V F Clinic
S New Hampshire Univ
Financial
Position
•The Venice Family Clinic
(VFC) is in relatively good
financial standing, but
there are a few concerns.
Healthcare
Trend Impact
•We are living in a new era of
healthcare and population needs.
Some say we are “post-Covid”
but there are lingering effects
that have created new trends.
Capital Budget
Item Proposal
•VFC prides itself on community outreach and programs.
Transporting patients/clients to appointments is an
important function of the clinic.
Strategic Goals
Proposal Options
•There are three vehicles which
will help to meet or exceed the
expectations of VFC’s strategic
goals. Only one of them can be
purchased at this time, but
which one?
Financial
Research
Looking at the past and present
numbers is an important part
when considering a future
investment. This analysis shows
trends that could be beneficial or
detrimental.
O
R
Communication
B : S
B :
E
Budget:
Reasoning
I & Jus : S -
T Impact
Acquiring a capital
budget item affects both
the short- and long-term
financial picture.
I & Jus : Long-T Impact
A a capit budget
the short-
-t picture.
Impact &
Justification: Cost
Benefit
Weighing costs against benefits is one of the greatest assessments that can
be made when considering a capital budget item. It can be quite the
balancing act!
I & Jus :
S Planning
O the decision has been made
c pur , an
t mak sure that the
t them where they wan
go.
Impacts &
Justification:
Conflicts
The final consideration to make before
investing in a capital purchase is conflict
with strategic goals/planning and future
financial interests.
References
AMS Vans (2022). Wheelchair Vans –New Inventory. https://www.amsvans.com/wheelchair-vans/vehicle/new-2022-toyota-sienna-
new-vmi-ada-side-entry-in-floor-22020118
Bestsennyy, Gilbert, Harris & Rost (2021). Telehealth: A quarter-trillion-dollar post-COVID-19 reality? Healthcare Systems &
Services, Our Insights. July 9, 2021. https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/telehealth-a-
quarter-trillion-dollar-post-covid-19-reality
Bigelow, S. (2022). Definition: Strategic Planning. TechTarget. March 2022. https://www.techtarget.com/searchcio/definition/strategic-
planning
Venice Family Clinic (2022). Venice Family Clinic Consolidated Financial Statements, Year Ended June 30, 2021. Section 4 et
subsequent, pps 60-65. https://venicefamilyclinic.org/?view=vfc_home
