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4-2 Select a Capital Budget Item
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A capital budget proposal has been made for Venice Family Clinic so that it will
be able to effectively respond to the industry trends and accomplish its mission and
strategic goals. In the proposal, a capital budget asset has been selected whose cost is
over $ 5000 and whose estimated useful life is five years. The item that has been
chosen is a healthcare ambulance with an in-built care system to deliver emergency
services on the road. Some of the key medical equipment that will be integrated into the
vehicle are an oxygen cylinder, portable and electronic suction pump facility, monitor,
syringe pump, pulse oximeter, portable handheld glucometer, and automated external
defibrillator. By including such equipment in the ambulance, it will be possible for the
healthcare team to promptly respond to medical situations, instead of waiting to reach
the clinic for offering treatment to patients.
The rationale for purchasing the specific healthcare ambulance, which has an in-
built care system, is to enable the healthcare staff to effectively respond to the diverse
healthcare needs of the community members. As people have diverse healthcare needs,
many hospitals and healthcare facilities have been taking steps to navigate the challenges
of linking the community and clinical services to improve the health outcome of
vulnerable individuals in the long run (Addressing social determinants of health - deloitte
us, 2021). The capital budget item has been chosen so that Venice Family Clinic will be
able to offer comprehensive and top-quality healthcare solutions even by using the
facilities that have been integrated into its ambulance.
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The new ambulance of the clinic will contribute to the revenue generation
capacity of the Venice Family Clinic by ensuring that timely and quality healthcare
solutions are provided to sick individuals within the city. The price that will be charged
for the new integrated ambulance will be higher as compared to the normal ambulance
vans, and it will contribute to higher income for the clinic. The medical facilities that
will be available in the ambulance will play a major role in ensuring that the capital
asset item contributes to higher income as well as better healthcare services. It has been
argued that emergency ambulances are the need of the hour in the evolving and
unpredictable healthcare domain of the 21st century (Lowthian et al., 2011). By
integrating the emergency ambulance service with the in-built care system in the
healthcare services of Venice Family Clinic, it will be possible to offer a better quality
of care solutions. Thus, it can positively influence its image in the community and
persuade a greater number of community people towards its new ambulance while
looking for emergency healthcare solutions. The role of the ambulance will be of
paramount importance to improve the productivity of the clinic and offer better quality
care solutions to the people. It will also reduce the burden on healthcare staff that work
in the clinical facility because the work pressure will be divided and shared with the
professionals who are assigned to work on the road in the emergency ambulances of the
Venice Family Clinic.
References
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Addressing social determinants of health - deloitte us. (2021). Retrieved May 28, 2022,
from https://www2.deloitte.com/content/dam/Deloitte/us/Documents/life-sciences-health-
care/us-lshc-addressing-social-determinants-of-health.pdf
Lowthian, J. A., Cameron, P. A., Stoelwinder, J. U., Curtis, A., Currell, A., Cooke, M.
W., & McNeil, J. J. (2011). Increasing utilisation of emergency ambulances.
Australian Health Review, 35(1), 63-69.
