Capital expenditure budget outlines the expenses a company needs to purchase major capital items such as buildings and equipment. An item must exceed a certain amount to be considered a capital expense. In most health care organizations the amount ranges from $300 to $1000 (Yoder-Wise, 2016. p. 225). An example of a capital item would be needing to replace an Omnicell machine. The capital expenditure budget should include the urgency and importance of the item, a description of it, which quarter to be purchased, and the annual needs of the equipment (Roussel, 2016).
Nurse managers can help reduce cost by monitoring the budget closely and continuously to ensure that expenses stay within the budgeted limits. Other ways to help make a difference
Nurse managers can help reduce cost by monitoring the budget closely and continuously to ensure that expenses stay within the budgeted limits. Other ways to help make a difference