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

The Role of Positive Distraction in Pediatric Design

Positive distraction by itself does not heal, but it can aid the healing process by addressing the mental well-being of an individual.


Healthcare Waste is Fueling America's Debt

As healthcare spending surpasses $5 trillion annually, facility leaders are under pressure to confront operational inefficiencies head-on.


Prairie Lakes Healthcare System to Rebrand Following Sanford Health Merger

The transition of name and branding will occur in phases beginning in late June and is part of the “Together for Good” journey.


How Digital Technologies Are Reshaping Performance in Healthcare Facilities

AI can hyper-optimize hospital operations, change the patient experience and make data-driven intelligence a foundation of hospital design.


The Role of Plumbing in Healthcare-Associated Infections

Water and plumbing systems are a dangerous source of pathogens and bacteria, so the CDC has created a set of guidelines to develop a proper water management program.


 
 


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.