Continuing Changes in the Healthcare Industry

April 18, 2013


iStock_000013069271XSmall

The healthcare industry is constantly faced with a considerable amount of shifts and changes. These shifts and changes affect healthcare facility patients, employees and managers. As we progress into the future, it is important for healthcare facility managers to be aware and prepared for the changes and be able to adapt to them quickly and effectively.

Currently, one of the major changes taking place within the healthcare industry is consolidation. Due to lack of funding, fewer healthcare systems have been able to establish a strong presence in the market. As a result, healthcare systems, hospitals and even physician groups are consolidating their practices and establishing partnerships to cut costs and increase revenue. This consolidation is done by combining resources, equipment or space within a facility. The facilities are then able to shift their focus from quantity to quality. To redirect focus toward patient care and quality of service, many facilities are no longer investing in large-scale construction projects or the development of new buildings.

As a result of the rising number consolidations, healthcare systems and facilities have had to reevaluate their growth strategies. Facility managers must reassess capital budgets and determine which projects are absolutely vital to the successful operation of a facility. In order to maintain high-quality patient care, it must be decided how to reallocate the funds. Many major facility projects are being postponed or eliminated in lieu of smaller projects that will contribute to lower operating costs and remain within the newly established budgets.

Vanguard Resources’ Plant Operation and Maintenance Program ensures that all healthcare facility managers are equipped with the tools and information they need to adapt to the changing industry. As part of this program, Vanguard Resources provides facility managers with information and support in capital budget planning, inventory management, scheduling of resources and program recommendations for reducing utilities consumption.

For more information on the changing healthcare industry or on the Plant Operation and Maintenance Program, contact Vanguard Resources.