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

3 Ways to Minimize Disruption During Construction in Healthcare

Addressing potential construction challenges requires close collaboration among owners, facility managers, administrators, subcontractors and crews.


St. Luke's University Health Network to Open Heart Hospital in October

The new Heart Hospital adds 140 beds and nearly doubles the size of the Anderson Campus yet again.


Wellstar Health System Completes Acquisition of Mountain Lakes Medical Center

The acquisition of the northeast Georgia-based hospital comes following the conclusion of regulatory requirements and customary closing conditions.


Parking: Where the Outpatient Land Crunch Shows First

Healthcare systems that treat parking as a strategic design variable from the first feasibility pass will have more sites to choose from.


Clear Behavioral Health Opens New Outpatient Mental Health Center in Anaheim Hills

It offers an intensive outpatient program (IOP) for adults and teens ages 13 to 17 across east Anaheim and the surrounding communities.


 
 


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.