{"id":10213,"date":"2022-03-29T15:37:09","date_gmt":"2022-03-29T20:37:09","guid":{"rendered":"https:\/\/www.imegcorp.com\/?p=10213"},"modified":"2022-06-16T08:42:59","modified_gmt":"2022-06-16T13:42:59","slug":"reducing-the-cost-of-care-through-the-built-environment-podcast-included","status":"publish","type":"post","link":"https:\/\/www.imegcorp.com\/insights\/blog\/reducing-the-cost-of-care-through-the-built-environment-podcast-included\/","title":{"rendered":"Reducing the cost of care through the built environment (Podcast included)"},"content":{"rendered":"<p><i><span data-contrast=\"auto\">Third in a series based on the IMEG executive guide, <\/span><\/i><a href=\"https:\/\/www.imegcorp.com\/library\/enhancing-the-quadruple-aim-through-data-driven-decisions-in-the-built-environment\/\"><i><span data-contrast=\"none\">\u201cEnhancing the Quadruple Aim through Data-driven Decisions in the Built Environment.\u201d<\/span><\/i><\/a><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0 <em>A related podcast featuring Joel Yow of linear A can be found at the end of this post.<\/em><\/span><\/p>\n<p><span data-contrast=\"auto\">By Mike Lawless<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Reducing the cost of care\u2014the second goal of the Quadruple Aim\u2014has become a rallying cry for healthcare organizations. The built environment of a new facility can contribute significantly to this goal since facility costs represent a huge portion of the red ink on a healthcare company\u2019s ledger. Facility cost reduction strategies include:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Controlling construction costs.<\/span><\/b><span data-contrast=\"auto\"> Using the built environment to help control the cost of care starts with managing the cost to build the environment in the first place. However, if cost decisions are based solely on simple cost of construction, an institution may miss opportunities that support and maximize the goals of the Quadruple Aim. To guard against this, healthcare organizations should:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">\u00a0<\/span><b><span data-contrast=\"auto\">Balance first cost vs. operating cost. <\/span><\/b><span data-contrast=\"auto\">Finding a balance between first costs and operating costs is critical to producing the maximum cost savings to pass on to patients while still meeting the goals of the Quadruple Aim.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Prioritize the ROI of building features.<\/span><\/b><span data-contrast=\"auto\"> While high-ROI features may increase first and operational costs, they may also lead to additional revenue or increase the value of the property, making it easy to refinance. This can improve the organization\u2019s bottom line, enabling it to offer lower costs of care. To further support the Quadruple Aim, ROI discussions also need to consider the impact building features have on staff productivity and patient outcomes.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Reducing operating costs.<\/span><\/b><span data-contrast=\"auto\"> The built environment can reduce and control operating costs in various ways, including:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Univers LT Std\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Designing the building with full-time employees in mind. <\/span><\/b><span data-contrast=\"auto\">Designing the built environment with the expectation of a large, full-time staff can save costs on expensive renovations in the future.<\/span><span data-contrast=\"auto\"> Strategies include making design allowances for movement, employee devices, private employee spaces, and other employee amenities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Univers LT Std\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Optimizing data. <\/span><\/b><span data-contrast=\"auto\">It is imperative for healthcare owners to harness and leverage the data of the Internet of Things to change the way infrastructure operates, communicates, and is controlled.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Utilizing an efficient HVAC system. <\/span><\/b><span data-contrast=\"auto\">Installing efficient HVAC systems can more than pay for themselves by delivering a reduction of 30 percent to 50 percent in the building\u2019s energy expense.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Avoiding unnecessary features. <\/span><\/b><span data-contrast=\"auto\">Some of the key culprits include overbuilt mechanical systems, overlapping equipment locations, and overbuilt interiors that run up material costs. When a design and construction team keep the Quadruple Aim\u2019s goals front and center, however, focus shifts from individual, potentially cost-inefficient strategies to those that support the big picture and lead to better outcomes for patients, staff, and community.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n<p><em>Listen to a related podcast:<\/em><br \/>\n<iframe loading=\"lazy\" style=\"border: none; min-width: min(100%, 430px);\" title=\"The Quadruple Aim &amp; the Built Environment, Part 3: Reducing the Cost of Care\" src=\"https:\/\/www.podbean.com\/player-v2\/?i=v9s9b-11e5a70-pb&amp;from=pb6admin&amp;share=1&amp;download=1&amp;rtl=0&amp;fonts=Arial&amp;skin=1&amp;font-color=auto&amp;logo_link=episode_page&amp;btn-skin=3\" width=\"100%\" height=\"150\" scrolling=\"no\" data-name=\"pb-iframe-player\"><\/iframe><\/p>\n<p><i><span data-contrast=\"auto\">Also in this series: <\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><a href=\"https:\/\/www.imegcorp.com\/resources\/blog\/the-quadruple-aim-the-built-environment-healthcares-dynamic-duo\/\"><i><span data-contrast=\"none\">The Quadruple Aim &amp; The Built Environment: Healthcare\u2019s Dynamic Duo<\/span><\/i><\/a><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:720,&quot;335559737&quot;:0,&quot;335559740&quot;:300,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><a href=\"https:\/\/www.imegcorp.com\/resources\/blog\/improving-population-health-through-the-built-environment-podcast-included\/\"><i><span data-contrast=\"none\">Improving population health through the built environment<\/span><\/i><\/a><i><span data-contrast=\"auto\">\u00a0<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><a href=\"https:\/\/www.imegcorp.com\/insights\/blog\/enhancing-the-patient-experience-through-the-built-environment\/\"><i><span data-contrast=\"none\">Enhancing the patient experience through the built environment<\/span><\/i><\/a><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><em><a href=\"https:\/\/www.imegcorp.com\/insights\/blog\/improving-provider-satisfaction-through-the-built-environment\/\" target=\"_blank\" rel=\"noopener\">Improving provider satisfaction through the built environment<\/a><\/em><\/li>\n<\/ul>\n<p><i><span data-contrast=\"auto\">For more information, download a copy of the IMEG executive guide, <\/span><\/i><a href=\"https:\/\/www.imegcorp.com\/library\/enhancing-the-quadruple-aim-through-data-driven-decisions-in-the-built-environment\/\"><i><span data-contrast=\"none\">\u201cEnhancing the Quadruple Aim through Data-driven Decisions in the Built Environment.\u201d<\/span><\/i><\/a><span data-ccp-props=\"{&quot;201341983&quot;:2,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Lawless explains how the built environment can help healthcare organizations reduce the cost of care, one of the four goals of the Quadruple Aim.<\/p>\n","protected":false},"author":5,"featured_media":10214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_links_to":"","_links_to_target":""},"categories":[3,1],"tags":[],"acf":[],"yoast_head":"\n<title>Reducing the cost of care through the built environment (Podcast included) - 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