Discussion
Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
You are the chief financial officer (CFO) for an organization and need to discuss with fellow C-suite executives that cost cutting is not the only answer to profitability. Prepare for the next manager's meeting by responding to the following prompts:
• Explain how a capital budget and a return on investment contribute to sustainable growth.
• Clarify the role that risk analysis plays during capital investment decision making.
Provide 1 reference that discusses cost containment and patient care.
Articles that can be used for this assignment
Article 1 Channon, B. (2014). 5 ways to trim excess costs. HFM (Healthcare Financial Management), 68(6), 42.
Article 2 Korda, H., & Eldridge, G. N. (2011). Payment incentives and integrated care delivery: Levers for health system reform and cost containment. Inquiry, 48(4), 277-287 11p. Library database: Business Source Complete.
Article 3 Vianueva, D. (2011). Healthcare capital projects: How to avoid common problems. Healthcare Financial Management: Journal of the Healthcare Financial Management Association, 65(4), 86-90. Library database: MEDLINE with Full Text.
Article 4 Goldberg, A. J., & Fleming, W. P. (2010). Cost-containment and cost-management strategies. Journal of Healthcare Management, 55(5), 308-311. Library database: Business Source Complete.