Nov 11
2019
Cost Cutting Tips for Health Organizations
Regardless of whether the organization is a hospital, university, another huge organization or a private business, they are all under pressure to cut costs. Every year, prices increase and this, together with cuts in funding for government organizations and increases in taxes for businesses, means that other expenses need to be cut if they are to continue to provide a good and adequate service or maintain the quality of their products. Here are a few suggestions that might help if you are in this situation.
Technology and Automation
Although this might need some initial investment, in the long run, it could save a lot of money and make your business or organization more efficient. There are so many areas that technology and automation can help in. It can take over some of the mundane tasks leaving your workers free to handle more important jobs. It can reduce the number of errors and stop the duplication of work.
There are no areas of the workplace that are unaffected by technology and automation and you need to make the most of its benefits.
Energy
One of the largest costs any business or organization has to face, is energy. Just for a moment, think how many lights are on 24 hours a day in a hospital, for instance. How much equipment they have to run, some of which is vital and used to save lives. You can’t suddenly just turn them all off. With a business, they could lose sales if they shut down some of their equipment each day, and this is not an option for anyone. There are two things that can be done that will help.
Firstly, educate your workers to be careful with their energy use. Things such as turning computers and printers off at night when they are not in use will save about 45 per piece of equipment per week. Over a year, that can amount to a lot of money saved. Secondly, compare business electricity prices on a comparison site like Utility Bidder, and you may be surprised by the deals that are available.