Fred is the CFO at a large healthcare organization. Mary, the CEO, discussed the need for the organization to increase access and grow its population health program to be successful in the value-based care model. Fred reminds them that due to the cost of the organizations EHR implementation, the organization has not had funds to contribute to capital projects and in order to accomplish this, they will need to update some of their IT hardware along with increasing their stock of wearable devices to be able to monitor patients remotely.

Explain the different types of financing options that healthcare organizations have access to in order to finance projects. Evaluate which option is most viable for Jonathans organization to pursue in order to update its IT hardware and fund wearable devices for its patients. Explain how the financing option works and why it is the most viable option compared to the other options that are available. Describe how using financing to complete this project will benefit Jonathans organization in the long run.