Why is consideration of the time value of money (TVM) so important in the process of making management decisions for healthcare organizations? Select a healthcare decision that you have actually faced, or may face in the future, and explain how TVM impacted (or would impact) that decision. Examples might include capital purchase decisions, new technology implementations, service expansions, hiring decisions, etc. If you are not yet working in a healthcare setting, feel free to use another type of decision which has special interest and importance to you.
Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.