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