Focusing On The Bottom Line During COVID

Facility managers must handle the financial challenges created by COVID-19


During the COVID-19 pandemic, maintenance and engineering managers face a host of challenges related to improving HVAC system efficiency and ensuring proper sanitation, all in an effort to protect the health of their departments’ technicians, as well as building occupants returning to work, according to an article from Facilities Maintenance Decisions on the FacilitiesNet website.

As of early August, 424 companies have gone bankrupt, surpassing the number of filings during any period since 2010.  And many organizations are confronting unprecedented issues related to their bottom lines due to the impact of the COVID-19 pandemic. Companies across all sectors face a severe cash crunch with respect to running their daily operations due to the pandemic.

Reacting to the drop in revenues, many organizations out of necessity began trying to reduce overall costs. They looked at expenses to determine where reductions could be made without impacting the business too much.

The  most important recommendation for managers looking to find greater efficiency and avoid coronavirus-driven budget and staff cuts is to look internally for opportunities for improvement.

Read the full FacilitiesNet article.



October 13, 2020


Topic Area: Maintenance and Operations


Recent Posts

Where Workforce Strategy Meets Facility Design

Designing healthcare facilities with the same rigor applied to clinical programming creates environments where clinicians want to stay.


OCAD Student Research Inspires Dementia Friendly Shower Redesign at UHN Hospital

The space responds to a common challenge in care environments, where showering can be disorienting and stressful due to unfamiliar surroundings, noise and limited privacy.


Atrium Health Navicent Ensnared in Oracle Health Data Breach

Currently, this incident did not involve access to credit card information or bank account information.


Two Steps to Controlling the Hot Zone

Strategy for disrupting dry-surface biofilm begins with a simple premise: You cannot disinfect what you cannot reach.


RiverSpring Living Breaks Ground on River's Edge Senior Living Community

Occupancy is expected in December 2028.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 
 
 
 

Healthcare Facilities Today membership includes free email newsletters from our facility-industry brands.

Facebook   Twitter   LinkedIn   Posts

Copyright © 2023 TradePress. All rights reserved.