Minimizing Pandemic’s Impact on Facilities Funding

Best practices in securing capital and operational funding

By Dan Hounsell


The COVID-19 pandemic has changed nearly every aspect of healthcare facilities management, from HVAC systems and infection control, but one element affected deeply in the last 15 months — the bottom line — has an impact on nearly everything else.

Now, with the midway point of the year approaching, many healthcare managers are in the midst of creating their capital and operational plans, according to Health Facilities Management.

With year-over-year revenues down at most facilities, capital plans are being modified, if not postponed, so managers should examine the potential impact to their facilities.

What are best practices in securing capital and operational funding? Here are questions facilities managers should ask:

  • Is asset data in the computerized maintenance management system accurate?
  • Does the facilities manager have the correct inventory, asset condition, installation date, preventive maintenance, and break-and-fix history?
  • Does the manager have a baseline engineering assessment of the facility? This can be as formal as a facility condition assessment by a third party or an assessment using the subject matter expert on the facilities management team.


May 19, 2021


Topic Area: Maintenance and Operations


Recent Posts

Healthcare Ransomware Attacks Reach Record High in Q3 2026

The report documented 306 ransomware attacks against healthcare organizations in Q3.


Bon Secours Mercy Health Acquires Fauquier Health

Fauquier Health is a 97-bed acute care community hospital serving Fauquier County and the broader Warrenton region.


Novant Health Completes Acquisition of Northern Regional Hospital

Novant Health is developing plans to expand services at Novant Health Northern Regional Medical Center and throughout the community.


Hospitals as Energy Microgrids: Ensuring Power Grid Independence

Resilient hospitals could become energy microgrids that generate, store and managing electricity while remaining connected to the wider grid.


Baystate Health Integrates Baystate Mercy Hospital into System

Over the past seven months, Baystate Health has been preparing to integrate Baystate Mercy Hospital and its affiliated clinics.


 
 


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.