A Capital Expenditure: A Pyxis Supply Station

A Capital Expenditure: A Pyxis Supply Station
Kathleen Edwards
HCS571- Financial Resource Management
March 2, 2015
Ronald Sugar

A Capital Expenditure: A Pyxis Supply Station
A Pyxis Supply Station is a large capital purchase, however the benefits of this purchase strongly outweigh the cost. A Pyxis Supply Station is a large automated dispensing machine for patient supplies, much like a medication dispensing machine. Purchasing enough supply towers for each unit in the hospital will be expensive, but will improve productivity, help boost revenue, and will be more efficient than the current bar code sticker method currently in place. The current method is ineffective, inconsistent, and revenue is being lost on patient
In fast paced areas, such as the Emergency Room (ER), operating room (OR), and cardiac catheterization laboratory, supplies are often grabbed quickly. The patient leaves these areas to return to their floor, and the charge of that equipment or supply is lost. “CareFusion” (2015) claims that Pyxis has previously reduced lost charges by 97% in one facilities OR (Pyxis Perioperative
These services include physician consultations, diagnostic tests, laboratory values, medications received etc. When the task comes to assign costs to certain departments, the hospital needs to know which of these department to assign these costs to. Patient supplies and equipment storied in a Pyxis Supply Station can be defined as a direct cost. “Direct costs are directly linked and assigned to products or services” (Cleverley, Song, & Cleverley, 2011, p. 315). In order to provide each unit with the reimbursement for their direct costs, the cost must be traceable to that specific unit. Purchasing a Pyxis Supply Station for the OR and each unit will trace these supplies to their proper