Healthcare Utility Management, Deregulated States, and More

When it comes to healthcare utility management, medical facilities are faced with a growing number of questions and challenges.

With each passing day, resource productivity and sustainability become more important to companies throughout the world. This is particularly true within the healthcare industry, with hospitals constantly seeking ways to save money while becoming more efficient.

What is a Healthcare Utility Management Plan?

Generally speaking, a healthcare utility management is exactly what it sounds like. This is a strategy medical facilities employ as a means of monitoring, managing, and reducing costs and requirements associated with utilities, such as water, gas, and electricity.

While no two healthcare utility management plans are exactly the same, there are several key details it should cover:

  • Compliance and accreditation.
  • Reduction measures.
  • Monitoring and targeting.

Reduction measures, for example, are important to most medical facilities. Through the reduction of utility consumption, hospitals can save money, do business in a more efficient manner, and avoid wasteful practices.

Deregulation vs. Regulation

Now that we’ve discussed some of the basics of implementing a sound healthcare utility management plan, it’s time to examine the finer details.

Getting started means answering one very important question: is your facility located in a regulated or deregulated state?

If you don’t know the answer to this question, you can visit this website to learn more. it will give you a clear idea as to whether or not your state is deregulated both for electricity and gas.

First things first, it’s important to note that you have little to no control over the rate you are charged when your facility is located in a regulated market.

EnerNOC has this to say about regulated markets:

“Regulated markets feature vertically-integrated utilities that own or control the entire flow of electricity from generation to meter.”

Conversely, this is a brief excerpt in regards to deregulated markets:

“Utilities in deregulated markets must divest all ownership in generation and transmission.”

In a deregulated market, utilities are only responsible for:

  • Billing the ratepayer.
  • Functions such as distribution and maintenance from the interconnection at the grid to the meter.
  • Taking on the responsibility of being the Provider of Last Resort.

Here’s something else you need to know about deregulated markets: these states have grid operators that are responsible for administering wholesale markets as a means of ensuring top notch reliability. With this setup, retail suppliers purchase and sell the utility directly to the end user.

Steps to Take

With all this in mind, you may have more questions than ever about healthcare utility management, deregulated markets, and where you fit in.

To avoid additional confusion, follow these steps:

  • Make note of if your facility is located in a regulated or deregulated state.
  • Create a healthcare utility management plan.
  • Seek ways to benefit from implementing a healthcare utility management plan, such as by saving money and reducing utility waste.

By consulting with a healthcare utility management service provider, you may soon find that you can make many key changes that can benefit your facility.

By |September 30th, 2016|blog, Soriant Source, Uncategorized|

About the Author:

With over 30 years in healthcare consulting, Brian is known for his ability to lead, cultivate and build teams in times of upheaval. His management style focuses on “Change as an Opportunity” for new processes, new leadership, creative thinking, team building and overall bottom line results.