By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    email marketing in healthcare
    Harnessing the Power of Email Marketing in Healthcare
    October 26, 2023
    healthcare claims
    The Role of Communication in Resolving Complex Workers’ Compensation Claims in Healthcare Settings
    September 22, 2024
    Wounds and Wisdom: What Motorcycle Accidents Teach Us About Health and Healing
    Wounds and Wisdom: What Motorcycle Accidents Teach Us About Health and Healing
    February 12, 2025
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: 3 Ways To Save Money And Improve Efficiency For Your Hospital
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > 3 Ways To Save Money And Improve Efficiency For Your Hospital
Hospital Administration

3 Ways To Save Money And Improve Efficiency For Your Hospital

Paisleyhansen
Last updated: April 26, 2024 9:58 pm
Paisleyhansen
Share
7 Min Read
improve-efficiency-for-your-hospital
Shutterstock Licensed Photo - By PopTika | stock photo ID: 1444639742
SHARE

Hospitals and other medical facilities have a tough role to fulfill for the greater good of society. This is compounded by the current health crisis that puts medical professionals at additional risk and puts them under increased demand and stress. Modern technology is eager to provide solutions in these dark times, and there are many great ways to save money and increase efficacy by embracing modern tech. Here are a few tips that can help your hospital stay afloat and remain effective during the pandemic.

Contents
Solar EnergyIoT RecordkeepingAutomated Supply Chain

Solar Energy

Hospitals depend heavily on technology at every level in order to provide not only vital healthcare, but also recordkeeping and lighting and air conditioning around the clock. This means that medical facilities are uniquely positioned to accept the necessary evil of an outrageous electricity bill. Furthermore, hospitals run an even greater risk in the event of a power outage, because essential machinery can be rendered inoperable, leading to complications or loss of life. Solar energy provides a valuable alternative to the traditional electrical grid that can save your facility a ton of money and give you vital protection against otherwise devastating outages. Solar panels are fairly inexpensive to install, for starters, and they provide a major reduction in your monthly electricity costs. Solar panels are also tax deductible as part of various green initiatives, saving you even more money.

However, one limitation of solar energy is that it can only be generated during the day. However, installing solar battery storage can allow you to create a stockpile of excess energy gathered during the day for use around the clock. This is not only an essential part of making solar energy more viable for replacing traditional electricity, but it’s also a way that solar energy can protect you from power outages. Solar energy is quickly proving to be a valuable asset for many homes and businesses, but hospitals in particular stand to save lives by implementing an alternative power source that isn’t prone to failing during inclement weather.

Hospitals that want to get the benefits of solar power need to invest in the right solar providers. They can find the best solar installation services in Washington if they live in that area, which will help them get the most solar energy possible at the lowest cost.

More Read

3 Benefits of Ambulatory Surgery Centers: Focus, Economics and Patient Satisfaction
Are For Profit Hospice Placing Profits Over People?
What Is Next Generation Revenue Cycle Management?
You’re Not Going to Believe This
Healthcare Spend at Historic Low

IoT Recordkeeping

Paperwork accounts for up to two thirds of the workload of doctors these days, and that can have a number of implications in terms of both the efficiency of healthcare and the cost of operating medical facilities. Modern technology has answers to this problem, starting with a paperless business model. Going paperless is a common cost cutting measure that is generally beneficial for clients and businesses alike, because keeping track of paper documents is as cumbersome to your patients as they are to your staff. Printing also accounts for a variety of insidious repeat costs such as paper, ink, and toner. Printers can be prohibitively costly in and of themselves, and they will also require periodic maintenance, and these costs add up.

Beyond simply going paperless, you can also implement IoT organizational tools that can simplify the process of doing paperwork and keeping track of your patients’ medical records. Patients should be encouraged to fill out paperwork digitally, for starters, so that their input can be automatically entered into your database in an easily catalogued and easily recalled way. Giving patients access to an app with which they can submit this kind of information can save even more time by allowing them to keep track of updates in between appointments and feed them directly to their doctors, as well as the database. This kind of technology excels at creating dynamic databases and simultaneously reducing the effort and redundancies that recordkeeping typically entails. This will save your hospital an incredible amount of time and money while simultaneously giving you a more complete, more accurate overview of your patients’ well being, both in microcosm and in the long term.

Automated Supply Chain

The supply chain is the lifeblood of any business, and that sentiment takes on a more literal meaning in the context of a medical facility that depends on live saving supplies regularly and reliably. Managing your hospital’s supply chain is a matter of the utmost importance, but that doesn’t mean that it also has to consume a lot of valuable time. By automating your supply chain, you can ensure that you always have what you need without investing too much time into keeping inventory and placing orders. Perhaps more importantly, automating the supply chain can help to reduce waste, something that is always appreciated for its fiscal benefits. Now, however, wasting medical supplies can create additional problems as certain supplies are in higher demand during the pandemic, and you can’t afford that kind of waste right now.

Medical professionals never have it easier, but the pandemic has escalated the responsibility and the burden placed on these hard working men and women. However, there are technological tools available that can help your medical facility optimize its operations and reduce costs in order to make the current climate just a little bit more sustainable.

TAGGED:healthcare businesshealthcare costshospital efficiencyoperational efficiencysolar energy
Share This Article
Facebook Copy Link Print
Share
By Paisleyhansen
Follow:
Paisley Hansen is a freelance writer and expert in health, fitness, beauty, and fashion. When she isn’t writing she can usually be found reading a good book or hitting the gym.

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

Heart Attacks & Hospitalization in CA

June 16, 2011

How the Cleveland Clinic Controls Health Care Costs

October 21, 2011

When Buying an EHR, Don’t Get Sucker-Punched by Delusional Thinking

February 11, 2015

How Big Data Hadoop Can Save Patients from a Crippling Healthcare System

July 28, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?