Capital Project Ii, Iii, & Iv Section

Capital Project IYour name, RN BSNHCS571 Week 4September 29, 2014Joseph RuddCapital Project IWhether within or without healthcare, companies and organizations in different industries invest resources in their specific lines of operation in order to survive in their respective industries, maintain market shares, and continue to provide quality products or services together with generating greater income. Healthcare organizations often invest in capital projects that are aimed at greater efficiency, competitiveness, and profitability (Rechel, Wright & Edwards, 2009). In many cases, the capital projects undertaken by health care facilities reinvest percentages of their incomes or revenue for the purchase of expensive machinery, building projects, and advanced medical equipment. Some of the viable capital projects that health care facilities invest in include research laboratories or libraries, machinery such as CT scanners, Magnetic resonance imaging equipment and powerful x-ray machines among others. A case in point is a capital project in North Shore Long Island Jewish Hospital system (NSLIJ) in which the management recently approved a capital investment of purchase and installation of patient records filing software. This implementation is projected to change the manner in which this facility has