Capital Expense

All healthcare organizations must convert to an Electronic Health Record (EHR) system within the next year. This is a major capital expense that will cost many healthcare organizations millions of dollars. Purchasing an EHR system will undoubtedly require the acquisition and use of long-term assets under a capital budget. Prepare a proposal, addressed to the hospital’s management, for financing a 1.5 million dollar EHR system for your local hospital. Be sure to include a strategic plan for financing, implementing, and controlling/monitoring the new system. You will need to draw on some of the material you have learned in the class in other modules.Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.Save your assignment as a Microsoft Word document. (Mac users, please remember to append the “.docx” extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below:Jstudent_exampleproblem_101504Need Help? Click here for complete drop box instructions.