Study of methods to stimulate private investment in hospital energy conservation. Final report

Technical Report · Sun Jan 01 04:00:00 EST 1984

OSTI ID:6038237

Morrow, M J; Maturi, R A; Raichel, T M

Hospital energy conservation can address two societal concerns - persistent health care cost inflation and excessive energy use. While hospitals can achieve some energy savings by implementing no-cost or low-cost changes in building operations and maintenance, substantial additional savings can be achieved by investing in energy conservation capital projects. In recent years, non-profit hospitals have received assistance in financing these capital projects from the Department of Energy schools and hospitals matching grants program. The DOE program, however, has experienced substantial funding cutbacks. To continue widespread implementation of hospital energy conservation capital projects, greater private sector investment will be required. The Blue Cross and Blue Shield Association and DOE conceived the Study of Methods to Stimulate Private Investment in Hospital Energy Conservation to facilitate increased hospital energy conservation investment through private sector initiatives. The focus of the study was energy conservation investment by private, non-profit hospitals. These hospitals constitute the largest segment of the hospital industry. Many of the findings about energy conservation investment in private, non-profit hospitals also apply to government-owned and investor-owned hospitals. The major findings are as follows: A major opportunity exists to achieve widespread hospital energy conservation investment over the next five to ten years; private sector financing arrangements represent a means of realizing this opportunity; several factors presently inhibit hospitals and investors from entering into energy conservation financing transactions; and state and federal initiatives can help create an environment more conducive to private financing of hospital energy conservation.

• Research Organization: Blue Cross and Blue Shield Association, Chicago, IL (USA)
• DOE Contract Number: FG01-82CE64827
• OSTI ID: 6038237
• Report Number(s): DOE/CE/64827-T2; ON: DE85003100
• Country of Publication: United States
• Language: English

Related Subjects

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320103* -- Energy Conservation
Consumption
& Utilization-- School
Municipal
& Other Public Buildings-- (-1987)
BUILDINGS
ENERGY CONSERVATION
FEASIBILITY STUDIES
FINANCING
HOSPITALS
INVESTMENT
MEDICAL CENTERS
TAXES