In: Operations Management
list 100 example of capital used in hospital?
List 100 example of capital used in hospital
CAPITAL : Capital refers to anything that can be used for productive purposes by a firm or individuals. It increases one's ability to generate value or income. Capital is a man-made resource of production like tools, vehicles, machinery, equipment, finance, people, etc..which are supposed to use as long-term asset in the life of a business. Different types of capital are finance capital, human capital and social capital.
● Finance Capital : Financial capital is the base for the proper working of all business. This capital comes from two sources : debt and equity. Dept are borrowed funds from outside and equities are owned funds. Along with this funds can be raised from economic capital also, which can be form into cash or other assets like real estate, commodities, vehicles, equipments, etc..
● Human Capital : Human capital is used by businesses to create products and services to generate revenue for the company. Types of human capital are intellectual and skill/talent. Intellectual refers to the intelligent power of people to create and develop new things, solve problems, outperform competitors, and to run a business successfully.
● Social Capital : Social capital refers to intangible assets that are relationships between people, desire of doing things for others, helping and encouraging others, etc. It also includes natural capital, example; pool of water
Hospitals can be non-profitable and profitable institutions which provides medical and surgical treatment and nursing care for sick or injured people. For the efficient and proper working of hospital services, the institute use several tangible and non-tangible capital to provide better services. Some examples of capital used in hospitals are listed below :
Finance Capital
● Capital raised from Real estate investment trusts
● Fund from Private equity investment
● Reuse of buildings for financing hospital project for both existing on and off campus
● Vehicles used in hospitality services such as ambulance, mini van, etc.
● Equipments like MRI scanning machines, X-ray, Mammography, Anaesthesia machines, hospital stretchers, defibrillators, Sterilizers, EKG/ECG machines, Surgical lights, Electrosurgical units, blanket and fluid warmers, patient monitors etc.
● Medicines
Human Capital
● Doctors, Nursing, Supervisors, other nursing staffs, allied health professional, surgical staffs
●Directors, trustees, officers, members of medical board committee scientists, personal management, management,
● Physicians, laboratories, volunteers of the hospital, technicians, guards
●medical students from various stages with the supervision of supervisors, trainees, post-docs, fellows
Service Capital
● Water, bed provided for patients, chairs
● social services like giving better services to the patients by the hospital staffs
● keeping pleasant relationship with the patients