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.
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.