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

Containing Candida Auris Across the Care Continuum

Containment becomes achievable, sustainable and far more effective for facilities that follow the same precautions, disinfectant standards and equipment rules.


Early Entry: Manager's Critical Role in Construction Planning

Facilities managers should seek a seat at the table early to shape decisions that affect operations and continuity of care from the onset.


OhioHealth Van Wert Hospital Earns Critical Access Hospital Designation

The program was established to help rural hospitals maintain local access to care by providing additional flexibility through a cost-based Medicare reimbursement model.


Designing a Home Away from Home

Ronald McDonald House Atlanta balances the familiarity of home with the demands of a high-use facility serving families of children receiving medical care.


Stephens County Hospital Becoming Part of Wellstar Health System

The transaction is expected to be completed toward the end of 2026, pending the conclusion of regulatory approvals.


 
 


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.