Financing Sustainability Efforts
Implementing sustainable strategies usually starts with obvious questions, such as “How much will it cost to implement and manage this new program?" and "How much will we save?” Of the many pressures health care organizations must deal with, financing considerations and constrained operational budgets are key factors in decision-making. Sustainable programs and initiatives must be financially viable.
As health care organizations' capital costs have become more constrained, alternative financing solutions have become increasingly important. New ways of looking at financing mechanisms are beginning to create opportunities not previously considered.
The Roadmap provides a summary of the broad spectrum of ways to fund sustainability initiatives and programs, including descriptions of available cost models and some perspective on relevant considerations, particularly the relation of expenses to capital availability.
The Roadmap's basic business case template can help organizations evaluate investments in projects or programs intended to reduce consumption of energy or water. This tool can also be used to perform a high-level analysis of planned projects that evaluates life cycle cost considerations and to make the business case to justify investment in such efforts. Additional tools, such as the ENERGY STAR Healthcare Energy Savings Financial Analysis Calculators, can help you calculate the financial impact of improved energy performance.
These tools are particularly useful for quantifying savings and for communicating the value of sustainability measures by presenting metrics that resonate with key decision-makers and stakeholders.