219: The business case for going green

It's no secret that climate change has had a massive effect on population health, but it’s also impacting healthcare business. Did you know that energy costs have gone up by 28% in the past five years? Health systems in particular can shave percentage points off their annual costs by reducing their energy consumption—but there is both a knowledge gap and an action gap keeping leaders from taking advantage of the opportunity. Advisory Board’s Strategy Summit on September 10-11 is all about the pivots health systems need to make for a sustainable future – no better way to kick off our lead-up to the event than by taking that quite literally and talking about environmental sustainability. In this episode, host Abby Burns invites Advisory Board expert Miles Cottier to break down how and why health business leaders need to prioritize environmental sustainability. They explore the financial case for moving to renewable energy sources, how regulatory pressures may (or may not) shape the future of environmental action, and what leaders can do today to support their green initiatives. Links: Green financing for health systems Climate change is affecting heart health. Here’s what you can do. Ep. 119: How health leaders can address climate change Ep. 164: Boston Medical Center's path to sustainability (and how they're funding it) Join us at the Pivots for a Sustainable Future Summit on September 10-11, 2024 A transcript of this episode as well as more information and resources can be found on www.advisory.com/RadioAdvisory.