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Exercise: Funding New Ambulance Acquisition

Exercise: Funding New Ambulance Acquisition

You need a new ambulance, as the old one has been used for 10 yrs. How do you fund it?
Please have some thought before you watch the suggestions. Would you agree with professor’s idea?

We will discusses the innovative funding methods for acquiring a new ambulance, moving beyond traditional approaches like outright purchase or bank loans.

Suggestions include sales and leaseback arrangements, co-partnerships with ambulance manufacturers, seeking philanthropic donations, and hosting fundraising events. It emphasizes considering cost-effectiveness, necessity, and employee motivation when selecting funding strategies.

For the final exercise, we will leave it to next step.

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Healthcare Management and Strategy

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