In response to your peers, discuss what questions the board may have about their proposed project.First peer: The Los Reyes Hospital case study mentioned several capital expenditures that needed to be incorporated into the budget.$*$ The radiology department may require new equipment to enhance its services. Upgrading radiology technology will likely boost long$-$term profits by improving processing speed, ease of use, and overall efficiency. Which are all critical factors for hope of profit at the end of the fiscal year.$*$ The laboratory department could benefit from advanced analytical technology and products that reduce turnaround times for test results. Investing in high$-$end equipment would not only improve operational efficiency but also support the hospital's various research departments.$*$ The pharmacy could improve efficiency by investing in an automated medication dispenser, which would automatically measure and dispense prescriptions. The technician or pharmacist would only need to verify and label the dispensed medication, which would increase the flow of operations and reduce overhead in the long run.$*$ The routine care department should assign funds for essential items, such as personal protective equipment, vital sign monitors, and other necessary technology. Additionally, implementing patient check$-$in software would simplify the paperwork process and ensure that all necessary forms are accurately completed and entered into the patients file.Cleveland Clinic is a diverse organization with many components working toward its goals. One capital expenditure that would contribute to the organizations continued success is the expansion their new research facility. Cleveland Clinic is known for being one of the top medical institutions globally, with its cutting$-$edge technology and innovative research teams. The opening of the Global Center for Pathogen Research and Human Health is a perfect example of the Clinics commitment to advancing medicine. This facility will attract some of the brightest scientists and medical professionals, bringing in groundbreaking research and the development of brand new treatments. As a result, patients will be drawn to the Clinic, seeing its dedication to advancing healthcare and providing multiple medical options.In Chapter $12,$ the Monte Carlo Simulation can be a valuable tool for capital budget planning in my proposed capital expenditure project. Given the size of the organization, it can be challenging to create a plan and stick to it without unexpected challenges arising. The Monte Carlo Simulation allows for a range of possible outcomes, considering multiple variables. This approach helps the organization stay on track with its budget while still being prepared for unforeseen issues.Second Peer: After reviewing the Los Reyes Hospital case study, I can see how each department has its own unique capital expenditure needs that are critical for improving operations and patient care. For diagnostic imaging, upgrading aging equipment like MRI, CT$,$ or Ultrasound scanners would improve diagnostic accuracy and reduce maintenance costs. In the surgery department, investing in AI$-$assisted surgical tools could enhance precision, reduce the likelihood of errors, and allow the hospital to serve more patients effectively. For internal medicine, adding new patient monitoring systems or tools to better manage chronic conditions would align with trends toward value$-$based care and improve coordination.For my proposal on St$.$ Lukes University Health Network, Id like to focus on expanding Telehealth services as a specific capital expenditure. While Telehealth is primarily a service, delivering it effectively relies on physical, tangible assets. These include devices such as tablets, laptops, and remote monitoring tools for patients and providers, as well as the necessary hardware infrastructure like servers and routers to support the system. Additionally, funding for internet subsidies, while not a tangible asset itself, is essential to ensure underserved populations can access Telehealth services effectively. Combining these tangible assets with subsidies creates a comprehensive approach to reducing barriers to care and improving health outcomes for rural and low$-$income communities.To help with budgeting for this proposal, I think sensitivity analysis is the best tool. Its straightforward and focuses on how changes in key variableslike patient adoption rates, reimbursement policies, or implementation costscould affect the projects financial success. This kind of analysis highlights the most critical factors that influence profitability, helping us identify potential risks and adjust plans as needed. For a project like Telehealth, where certain variables can be unpredictable, sensitivity analysis provides clear and actionable insights without unnecessary complexity.