Imagine you are the chief financial officer (CFO) of a hospital, and you must decide on whether your hospital will outright purchase a new MRI machine or lease it over the next 5 years.
https://multimedia.phoenix.edu/video/?v=792145136
After watching the video, respond to the following prompts:
- What are the advantages and disadvantages of buying or leasing the new MRI machine?
- Why do you think it is important for health care managers to make proper investment decisions? Share an example to support your answer.