Name
Funding & Administration Track: Capital Equipment Budgeting
Location Name
Savannah A, 10th Floor
Date & Time
Monday, February 17, 2020, 2:30 PM - 3:45 PM
Description

Moderator: Jerry McKinney, Principal, JM Healthcare Consulting

Presenters: Jeff Christmann, CEO, ADAMS and Scott Vinson, President, Mitchell Planning Associates

Capital budgeting is an integral component of capital equipment planning. Determining where and when to spend capital budget dollars is important to growth and development of all hospitals and health systems. Yet developing and sticking to a capital budget is challenging for many healthcare organizations. Learn best practices for prioritizing projects, planning for unexpected expenses and creating an effective budget.  

Learning Objectives: 
1. Explain the relationship between capital equipment planning and budgeting. 
2. Outline how individual capital equipment project fit into long-term budgets.   
3. Evaluate the best strategies to handling common unexpected costs. 
4. Describe how you can develop an effective budget. 

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