Onyx Power: Why Long-Term Care Facilities Must Adopt Energy Procurement

When discussing long-term care, energy is often not the first thing that comes to mind. However, in these types of facilities, the need for energy is constant and essential. It’s crucial not only for ensuring the comfort of residents but also their health, as well as compliance with current regulations for long-term care facilities.

At Onyx Power & Gas Consulting, we are pleased to collaborate with any institution where energy efficiency is a fundamental element for ensuring sustainable long-term operations.

Energy Costs in Long-Term Care Facilities

While care facility owners, responsible for staff management, investments, and patient care, may consider energy procurement a secondary priority, it is worth noting that, unlike other major expenses, it can be managed effectively.

Essential services such as water heating, room heating/cooling, ventilation, and the operation of kitchens and laundries require energy 24 hours a day. In fact, according to the EIA, energy consumption for heating and hot water accounts for the largest share of costs.

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Furthermore, any fluctuations in the prices of these energy sources will negatively impact the budget. Therefore, energy consumption should no longer be considered an expense, but rather an asset for the organization.

Consequently, any cost increases will require complex budget adjustments that will need board approval. This necessitates the prior implementation of an effective energy strategy.

Related content: Onyx Power Helps Non Profit Offer Shelter to the Youth in Need in Dallas, TX

Case Study: Nexion Health Saves 36% Thanks to Its Collaboration With Onyx Power

In 2017, Nexion Health hired Onyx for its energy management. Nexion Health is one of the most innovative companies in the long-term care sector and has 50 facilities located in Texas, Mississippi, Louisiana, and Colorado.

Since its inception, Nexion Health has focused on providing compassionate care for the optimal recovery of its patients. Thanks to its leader, Francis Kirley, with 35 years of experience in healthcare management, Nexion opted for transparency and punctuality in its operations.

The deregulation of the electricity and natural gas market allowed them to negotiate better supply contracts. Instead of simply complying with the formalities and accepting the usual tariff adjustments, the organization decided to review existing contracts and gain greater control over its expenses to prepare for potential financial difficulties.

In collaboration with its legal team, Onyx Power & Gas Consulting analyzed the market and secured significantly better contractual terms than the previous ones.

Thanks to this long-term approach, the organization not only achieved greater financial security, but also saved a significant 36% of its energy budget, which could be used to improve the quality of care.

Read the case study here

Your Trusted Partner for Safe, Reliable Energy Contracts

At Onyx Power & Gas Consulting, we take care of everything to ensure that every aspect of your contract meets our clients’ safety and reliability requirements.

Founded in 2009, our company provides professional consulting services to businesses in the commercial and industrial sectors. Thanks to our strong market position, we have considerable negotiating power, allowing us to offer unbeatable prices and maximum savings.

By choosing Onyx Power as your consultant, you will ensure that you optimize your company’s resources, consume less energy overall, and ultimately pay less for your essential energy needs.

Sources

Nexion Health, Inc. — History, Mission & Core Values

U.S. Energy Information Administration — Commercial Buildings Energy Consumption Survey final results

U.S. Energy Information Administration — Energy use in commercial buildings

The Daily Economy  — The Case for the Deregulated Texas Power Grid

Disclaimer:

The information provided herein in this content is for general awareness and informational purposes only and does not constitute advice. Our goal is to raise awareness and share knowledge across the energy sector. The content provided here is not intended as a sales offering. For guidance specific to your circumstances, we recommend consulting a qualified professional. You should not place undue reliance on any “forward-looking statements”, which are not a guarantee of future performance. The future results of the energy market are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in any forward-looking statements.

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