Select a Capital Budget Item

Running Head: CAPITAL BUDGET i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i 1

CAPITAL BUDGET i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i 2

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,

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.

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

CAPITAL BUDGET i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i 3

ensuring that the capital asset item contributes to higher income as well as better healthcare services.

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