What are capital expenditures in the context of medical expenses?

Capital expenditures in the context of medical expenses refer to costs that involve significant, long-lasting investments intended to improve or modify a property for medical use. This can include structural improvements that enhance the functionality or safety of a space for medical treatment or care. For instance, renovating a bathroom to accommodate a wheelchair or constructing an addition to a home for a skilled nursing facility qualifies as capital expenditures because these changes involve a substantial investment aimed specifically at improving medical care or accessibility.

In contrast, routine medical treatments, medical supplies, and general housing improvements do not qualify as capital expenditures. Routine medical treatments pertain to ongoing healthcare services rather than one-time improvements. Medical supplies are typically consumable items used for immediate medical needs and are not considered capital investments. General housing improvements may enhance property value but do not serve a specific medical purpose, thus falling outside the classification of capital expenditures related to health care.