Energy conservation: a powerful tool for hospital cost control

As cost control becomes increasingly important, managers are looking for ways to save money. One often overlooked area is energy conservation. Energy costs can constitute 3 to 10 percent of a hospital's budget, but with energy conservation, that amount can be reduced 20 to 40 percent. Furthermo...

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Bibliographic Details
Published inHealthcare financial management Vol. 39; no. 12; p. 62
Main Author Greider, G M
Format Journal Article
LanguageEnglish
Published United States 01.12.1985
Subjects
Conservation of Energy Resources - economics
Conservation of Natural Resources - economics
Contract Services - organization & administration
Cost Control - methods
Evaluation Studies as Topic
Financial Management - methods
Financial Management, Hospital - methods
Maintenance and Engineering, Hospital - economics
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Summary:As cost control becomes increasingly important, managers are looking for ways to save money. One often overlooked area is energy conservation. Energy costs can constitute 3 to 10 percent of a hospital's budget, but with energy conservation, that amount can be reduced 20 to 40 percent. Furthermore, with an energy conservation performance contract, both the technical and financial risks of energy efficiency improvements can be assumed by a third party. In return, the third party is paid only out of the resulting energy savings.
ISSN:0735-0732