How Energy Efficiency Ensures Financial Health for Hospitals
Over the last decade, hospitals around the world have faced increasing financial challenges as margins and profitability have decreased. Both private and public healthcare system administrators are challenged with similar budgetary constraints: The recent global recession has led to losses for many for-profit hospitals and has squeezed margins in others. Add to that the staggering statistic that by the year 2050, the world population aged over 60 years will nearly triple from 700 million to 2 billion1 leading to an increase in the number of potential patients hospitals will need to serve. Yet it is unlikely that governments will take on additional debt or raise taxes significantly to pay for this change.
How will healthcare systems handle this increasing financial pressure? Hospitals must find a way to do more with less. Energy efficiency projects can unlock trapped capital that can improve a hospital’s profit margin or be used to fund technological advancements, purchase medical equipment, or improve the patient experience.
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