• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Business
  • Commerce
  • Management
  • Insurance
  • Banking Finance
  • Marketing & Advertising
  • Tech

Business Finance Articles

Your First Financial Choice....

  • Education
  • Career
  • Investment & Money
  • Accounting & Taxation
  • Transportation & Logistics
  • Industries

How to Minimize the Cost of Business Downtime

Last Updated on June 22, 2022 By Jason Obrien Leave a Comment

It’s said that the health record systems of many healthcare providers are now being entrusted to the hands of information technology (IT). This could be a bit late compared to other industries that have been using digital filings and documentation for many years now. However, if your clinic, hospital, or health-related business has been dealing with your IT operations for a while now, it’s safe to say that you’ve realized that it’s not as easy as it looks.

Business downtime can happen to any company, entity, and industry. Unfortunately, even a few seconds of it can transcend thousands of dollars of business losses. Therefore, it’s practical and sound to know the right ways to minimize the cost of your business downtime. Whether it applies to your IT, equipment, utilities, or any other operational aspects, knowing how to prevent them is crucial.

incident management

Here are some practical ways to ensure decreased business downtime costs:

Table of Contents

  • Consider it Consulting Services
  • Make use of Cloud Technology
  • Train your Workforce
  • Invest in a Backup Power Generator
  • Conclusion

Consider it Consulting Services

One of the ideal ways to prevent system downtime if your healthcare business relies on IT is to hire third-party providers like what TrueNorth’s Healthcare IT consulting services offer. Keeping your medical practice current with technology is crucial to making good decisions for your doctors and patients. A medical IT consulting company can assist you in ensuring that your medical technology, networks, and hardware meet your practice’s needs. While having a completely packed house of internal IT teams can be pretty expensive, it’s best to outsource your IT needs and have remote consulting and support instead.

You can expect them to be your business partner who can ensure tighter web security to protect all your patients’ data and information. When all your systems are working seamlessly, you can improve patient care. Your health care system cannot be down at any time, but you don’t have to worry anymore when you’re already in contract with reliable healthcare IT consulting company.

Make use of Cloud Technology

Many businesses are utilizing the maximum benefits of cloud technology, and it’s time that you follow suit. This helps protect your data from disasters and outages and decreases stress and anxiety when your hardware breaks down, and you can’t boot back up. There won’t be limitations to the storage capacity, too, as cloud solutions offer wide storage ranges.

Some of your downtime risks are reduced when critical operations are hosted on a cloud server. You only need internet access and your healthcare workers can access it from any device and place. Nurses on duty don’t have to walk back and forth to their on-premise computers just to check patient records. They can access them from portable tablets, which they can carry and access while doing rounds in different patient wards.

It’s also possible to set up automatic maintenance functions as well as alerts when something is wrong. The key here is finding the safest and most reliable cloud server for your healthcare operations. Choose a storage plan that is sufficient to handle all your data.

Train your Workforce

man writing on notebook

Downtime is often caused by human error, which is impossible to avoid altogether. Nevertheless, with proper workforce training, this can be addressed and reduced. Designate a team in your human resource department who’ll be responsible for devising training programs to ensure everyone in the company is aware of daily operations and processes.

Cyberthreats should be familiarized to your employees, and you should enforce your organization’s standard IT policies and procedures. Also, ensure everyone reports even the most minor threat or risk they can find in their systems and software. Reporting them in timely situations will save your company from severe downtimes and system breakdowns.

Invest in a Backup Power Generator

Aside from cybercrimes, another aspect that generates business downtime is unanticipated disasters like storms and earthquakes. Often, these calamities will result in power outages, so it’s crucial to invest in a standby power generator for emergencies. Businesses need electricity to run computers, power tools, and other machines. You won’t be able to operate any of your healthcare equipment if you don’t have electric power. This is the most crucial aspect of your clinic or hospital.

Having a power backup generator on hand will ensure your business can continue running even when the power is out. Invest in the best quality generator brand, which has an excellent capacity to power your entire premises. Many of your patients and employees need electricity to survive and work productively.

Power outages will not only result in business losses but endanger the lives of your critical patients. Hence, always have a reliable generator in place. Ensure to inspect and maintain them regularly so they’ll be in perfect running condition all the time.

Conclusion

Your healthcare business relies on technology to operate smoothly without hurdles. Yet business downtimes can happen anytime. Whether in your IT or other aspects on-premises, you must always be prepared to handle unanticipated downtimes that can be costly. Hopefully, the tips mentioned above have shed some light on how you can reduce the costs of business downtimes.

Jason Obrien

Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.

Filed Under: Technology

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Transparent Customer Transactions

In today's digital age, ensuring the security and … [Read] about 6 Tips for Secure and Transparent Customer Transactions

peson using laptoop

Are you filled with ambition to build a business … [Read] about 4 Steps Quick Beginner’s Guide to Easily Sell Products Online

How does Blender Make Money

We are out of the era where artists, video … [Read] about How does Blender Make Money?

How-Does-Digit-Make-Money

In a dynamic business environment, where … [Read] about How Does Digit Make Money?

workers doing there work

The COVID-19 pandemic has ended, changing the … [Read] about Unlocking Workplace Harmony: Balancing Control and Autonomy

technology

In an era where digital exchanges evolve rapidly, … [Read] about Harnessing WBT: The Future of Digital Exchanges

business managment

As a business owner, you should be familiar with … [Read] about Essential Tips for Effective Performance Management

Nicole-Junkermann-and-Lynn-Good

Gone are the days when people thought the business … [Read] about Nicole Junkermann and Lynn Good: The Powerful Ladies in Business Era

happy man hand holding the box

The business landscape in 2023 is vibrant and … [Read] about Dropshipping as a Side Hustle in 2023: How to Get Started

Tax documents on the table

Airbnb has revolutionized the hospitality industry … [Read] about Mastering Tricky Tax Terrain: The Importance of an Airbnb Tax Accountant in the UK

Non-Profit

In the dynamic business environment, the … [Read] about How Does a Non-Profit Make Money?

mental health a girl

Young adults frequently regard life as an exciting … [Read] about The Importance of Preventive Care for Young Adults

risk management

CFA is a widely recognized investment management … [Read] about How Hard is CFA Level 1

afterpay make money

In the modern era maintaining a high living … [Read] about How Does Afterpay Make Money?

Chime-Make-Money

Let’s admit it, dealing with essential tasks in … [Read] about How Does Chime Make Money?

Footer

  • About US
  • Contact Us
  • Blog
  • Comment Policy
  • Terms & Conditions
  • Privacy Rights
  • Privacy Policy
  • Follow Us On
  • – Google News
  • – Facebook
  • Entrepreneur Skills
  • Business Cycle
  • Business Ideas
  • App Makes Money
  • Be Wealthy
  • Psychology in HRM
  • HRM in Business
  • Businessman Qualities
  • Salespeople Types
  • Health & Business
  • Business Success Rules
  • Stress At Work
Copyright © 2018-2022 BFA