Powering the healthcare market | Centrica Business Solutions
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Powering the healthcare market

We help healthcare providers protect and improve patient care by strengthening operational efficiency and resilience while reducing energy costs.

Pressure on healthcare budgets is at an all-time high. Rising input costs alongside funding shortages and changing payment models, are squeezing margins and making it difficult to finance new investments. Therefore optimizing energy infrastructures is now an imperative for healthcare providers.

We have a wealth of experience helping to solve healthcare providers’ challenges, harnessing the power of energy to enable more positive patient outcomes.

35% reduction in energy costs achieved by a leading New Jersey healthcare provider through the installation of a trigeneration system - combined cooling, heat and power. Reducing costs was critical in order to increase revenue for patient care.

The pressures squeezing healthcare providers

Aging populations, more chronic conditions and costly, new treatments are driving increased demand for services. But funding growth is slowing, input costs are spiraling and the move to outcome-based payment models is starting to negatively impact revenue growth. Plus, with limited capital expenditure available for healthcare providers to invest in physical plants, many are dependent on aging and unreliable equipment and infrastructure – putting care quality at significant risk. Staff shortages and skills gaps – including across operational management – and the move to digital healthcare, add to the pressure on existing systems while consuming capital expenditure which might otherwise be invested in physical plants.

What role does energy have to play?

As one of the US’s leading energy suppliers, we have a deep and practical understanding of the healthcare market’s current energy challenges.

  • Power outages can have a catastrophic impact on patient care
  • Increased regulatory requirements put extra pressure on operational functions
  • Aging and inefficient energy infrastructures cause waste, effectively reducing budget for patient care
  • Consumers are increasingly concerned about the green credentials of service providers
  • Skills and resource gaps mean that many providers lack the time or expertise to address the energy inefficiencies of aging infrastructure

Improving facility and energy conservation measures and reducing energy costs, whilst maintaining a robust and reliable energy infrastructure, is essential to releasing funding for frontline services. Ensuring the resilience and compliance of all parts of physical plants is critical for delivering duty of care – to both patients and staff. With margins under pressure, strengthening long-term viability means generating new sources of revenue. At the same time, demonstrating sustainability – to meet targets and strengthen reputation – remains key.

These are all objectives that we can help healthcare providers achieve.

The US spends twice as much on health as 10 other high income countries (Journal of the American Medical Association)
of healthcare respondents listed “managing cost and providing comfortable care” as the number one challenge facing healthcare professionals over the next 12 months (Centrica Energy Advantage research)
of healthcare respondents agreed that the cost of being energy resilient is far less than the impact of an energy failure (Centrica Energy Advantage research)
How energy can enable the healthcare market of the future?

To effectively manage your risk, compete in a challenging market and deliver a quality of care, it is essential that you focus on three areas.

Maximise operational efficiency
Avoidable spend must be eliminated in order to devote more budget and resources to frontline healthcare. New, more efficient technologies and new approaches to managing energy can improve operational efficiency and reduce energy costs.
Ensure resilience
Resilient operations are critical to ensure duty of care to patients and other stakeholders. To effectively manage risk requires a resilient and compliant energy strategy – one which reduces exposure to grid failures and natural disasters whilst ensuring effective management of energy estates.
Build a sustainable future
Healthcare providers must take advantage of low-carbon technologies, flexible funding models and supply-side incentives to improve your environmental performance, reduce energy costs and generate new revenue streams to invest in frontline services.
The annual reduction in tons of CO2 emissions achieved by one hospital by installing a CHP unit – with zero capital outlay
of respondents felt that the link between sustainable energy use and brand image/company values was important (Centrica Energy Advantage research)
of healthcare respondents agreed that ‘we do not have enough internal expertise to monitor and implement efficiency improvements’ (Centrica Energy Advantage research)