Developing Healthcare

At a time when delivering high quality healthcare is a top priority for every hospital executive, physician-owned hospitals are having much difficulty gaining traction for future expansion and development in light of healthcare reform. Physician-owned hospitals are hospitals that have any physician with any type of ownership, and are known for top notch healthcare. In [...]

At the last medical real estate conference I attended the notion of making a hospital adaptable for new technology and space requirements was a reoccurring phrase from the major health systems’ vice presidents in attendance. They didn’t want a static “shell” for a building, but rather a system that could be flexible and accommodate multiple types of [...]

Some health systems are continuing to implement satellite emergency clinics as health system executives see heightened profit margins. Whether for patients with long drive times in rural communities or set in urban settings for a more convenient and quicker treatment, satellite emergency departments are attractive and as two studies show, a fairly lucrative proposition for [...]

Knowing the most opportune time to engage a new construction project translates to huge financial savings. There are a multitude of factors that optimize construction budgets. Here are a few considerations learned through my twenty plus years of experience. Timing: 36 months of planning, design, construction, and leasing is optimistic. Winter is a significant factor [...]

Healthcare construction has consistently reflected the profitability of health services reimbursements.  Extremely lucrative cost based reimbursements from the mid 1960’s to the early 1990’s created a boon in hospital and healthcare related construction. Reimbursement for the line item inpatient cost-of-services model corner-stoned the development of impressive on campus facilities driving physician loyalty, recruitment, retention and [...]

As the Accountable Care Organization (ACO) model takes shape, hospitals need to strategically define future real estate development needs. With construction costs having risen 2.5% last year, one financially beneficial solution is the design and development of prototypical facilities. A prototype is not necessarily the repetition of the same facility multiple times, but rather reuse [...]

With the recession still restricting financial markets, hospital administrators are more likely to consider price first and not cost when implementing a growth strategy for new facilities. The problem is that a higher upfront “price” may “cost” you over the life of a facility.  Architectural firms with a depth of experience across multiple medical disciplines, [...]