A Translate Health tool
The Healthcare Project Escalation Clock
A capital decision that waits is not free. It is simply being paid for later, at a higher price. Set the budget, pick an escalation rate, and backdate the clock to the day the decision should have been made.
Escalation compounds annually and is displayed to the second. It reflects construction cost escalation only, not scope change, interest, or the cost of the care not delivered in the meantime.
Cost to build today
$100,000,000
Waiting to start
How to use it in the room
Put the original approval date in, start the clock, and leave it running on the screen behind you. The number does the arguing. It reframes a deferral from a prudent pause into a decision with a price, which is what it always was.
Tell us your challenge
Is a decision sitting still in your organization?
Describe it in your own words. Dr. Alex Mitchell reads every one of these personally and answers within two business days.