Construction & Facilities Management
Administrators at Massachusetts General Hospital in Boston firmly believe that one man's trash is another man's treasure. As a result, this month the hospital is starting a pilot program that could potentially take a common hospital trash item and turn it into a bit of profit.
As one of the fastest growing surgical segments, orthopedics is in great demand, specifically from an aging baby boomer generation, making orthopedic practices and orthopedic related medical real estate a growing interest to hospitals.
While construction projects are affected by the rising prices in supplies, it will lead to engineers and architects finding more efficient building techniques. This applies especially to healthcare construction projects.
The probability of developing cancer in someone’s lifetime in the United States is 44% for men and 38% for women according to the American Cancer Society. The healthcare industry is well aware of this disease wave and as a result healthcare systems are developing more space to treat the flow of patients needing treatment.
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?