Construction & Facilities Management
Hospitals might be faced with a heavy financial burden if an upcoming lease accounting rule is passed.
At the Interface Medical Office Conference, influential hospital executives stated that investing their capital in infrastructure needs and health information technology took priority over building new or renovating existing hospital ancillary facilities.
I think it is a fair statement to say it’s a dynamic time to be in the healthcare industry. The Patient Protection and Affordable Care Act is already having a major impact this year, and in reality is changing much of the way hospitals deliver care.
Stark laws have been dominant in medical real estate for nearly 20 years, and continue to influence the relationship between medical facilities and medical practitioners.
What is the most cost efficient method of expansion for a hospital: adding or renovating facilities? Return on investment is key to this question as hospital executives plan to add to their medical real estate portfolio or focus on enhancing their current assets.
What are some of the biggest factors impacting the medical real estate market in 2012?
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.
As hospitals and physician groups look for ways to expand into new markets while keeping costs down, building off the hospital campus has become a popular and growing trend.
Cost overruns on healthcare construction projects can mean big bucks to hospital executives overseeing capital spending. Staying on budget takes a watchful eye and guiding hand at the C-suite level and a deep enough understanding of the design and construction processes to create the proper budget from the start, say industry experts.
What’s a progressively growing medical facility that stands to benefit health system and hospital executives, especially in response to healthcare reform? A satellite emergency department (ED).