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

The Future of the Global Hospital Hygiene Market

A market study details the current state of the global hygiene market and the factors that are expected to make a big difference in the next decade.


Rethinking Fire Safety Inspections

Digital tools bridge the gap between growing facility complexity and workforce limitations, allowing teams to maintain the highest safety standards.


The Ohio State University Wexner Medical Center Officially Opens

With the new hospital comes other changes, including new street and building names on the medical campus.


Healthcare and Resilience: A Pledge for Change

Climate resilience and reducing environmental impact drive voluntary program targeting hospitals.


Texas Health Resources Announces New Hospital for North McKinney

Expected to open in 2028, the hospital will feature 60 beds initially with plans to double in capacity to accommodate for future community growth.


 
 


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.