An investment perspective for hospital materiel managers.
Materiel managers are making investments every time they authorize capital, supply, or personnel requisitions on behalf of their departments or organizations. While not as formal as external investments in securities or the like, internal investments are even more critical to the organization's success and carry the same fiduciary obligations. Generating an acceptable return is a necessity rather than an option as concerns internal investments; the same formal analysis that is applied to external investments should be extended to internal ones as well. Adopting an investment perspective is a critical first step in seeing internal initiatives as investments and obtaining an appropriate return.
Freed
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Hahnemann University, Philadelphia, PA.
D002201:Capital Expenditures / Q000592:standards*; D003657:Decision Making; D006740:Hospital Administrators; D007449:Investments / Q000592:standards*; D008421:Materials Management, Hospital / Q000191:economics*; D012380:Role; D014481:United States