Explain how discounted payback period would be used in the context of the factors that should be considered in selecting a new device (e.g if the management of a district hospital is planning to replace the hospital’s haematology analyser with a new one).

TOPIC: Financial analysis in healthcare

The “discounted payback period” is one of the methods used in conducting investment appraisal. It is used to calculate the length of time it takes to get back money invested in a given project by adding positive discounted cash flow coming from the profits of the project.

Question:

1. Explain how discounted payback period would be used in the context of the factors that should be considered in selecting a new device (e.g if the management of a district hospital is planning to replace the hospital’s haematology analyser with a new one).

2. Use real life examples to substantiate the answer.

For this Assignment:

• Use Harvard format for all In-text citations and references.

• Show evidence of external reading with concrete examples

• All sources must be scholarly and fully referenced (indicate the URL of sources where available).

• I request for plagiarism report.

• Use real life examples where applicable.

• The instructions for this assignment must be strictly adhered to.

Required Resources

• Helfert, E. (2001) ‘Chapter 2: A systems context for financial management’. In: Financial analysis tools and techniques. New York: McGraw-Hill, pp. 21-58 [Online]. Available from: http://doc.mbalib.com/view/b510ebed12f90fd1b1e0fea8e18a0f25.html (Accessed: 03 January 2012).

• CIMA (2000) Investment appraisal in the NHS: for the smaller capital scheme [Online]. Available from: http://www.cimaglobal.com/Documents/ImportedDocuments/cid_techguide_investment_app_nhs_2000.pdf (Accessed: 23 February 2010).

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