Nate Gagne’s Post

Great series of articles from Facilities Dive on the trends, challenges, and opportunities for facilities managers in hospitals and outpatient care clinics. Part 1 of the series is linked here: https://bit.ly/47WCriF #healthcare

Healthcare Construction Moving Away from Inpatient Care!!! Health systems are planning more construction projects focused on long-term growth and outpatient care, often renovating and repurposing existing facilities to support new services. About 60% of respondents to Modern Healthcare's 2024 Construction and Design Survey said the healthcare construction industry is growing, though inflation, high material costs and labor shortages continue to present challenges. #healthcare #outpatient #construction

Health systems are planning more construction projects focused on long-term growth and outpatient care, often renovating and repurposing existing facilities to support new services. About 60% of respondents to Modern Healthcare's 2024 Construction and Design Survey said the healthcare construction industry is growing, though inflation, high material costs and labor shortages continue to present challenges. Click here to read more: https://lnkd.in/ghETue9w

The healthcare industry faces challenges and market perturbations. That’s having impacts on CRE property owners and investors. A shift from inpatient to outpatient treatments, and the rapid development of outpatient office buildings, are an important example. Then there is a report from DPR Construction, a major self-performing general contractor (they largely have all in-house crews rather than using subcontractors), that caregivers find themselves having to consider scale to “evaluate the best path forward to support patients and caregivers, and create financial sustainability.” The healthcare systems manage larger portfolios of real estate. DPR suggests four different ways to manage those holdings: Rationalized portfolios Redistributed portfolios Re-envisioned portfolios Refocused portfolios The first type, rationalized, is one “where existing real estate assets become highly streamlined, right-sized to changing strategic and operational objectives of the health system, and continuously monitored for their performance and returns to the system.” Owners modify their portfolios to recognize that real estate is a major expense. Rationalizing the space — resizing assets, whether up or down, to match strategic and operational goals — becomes the driving approach. Owners push to monitor performance and keep finding efficiencies and savings. https://lnkd.in/gZwYtjgu #healthcarerealestate #medicalrealestate #commercialrealestate #floridarealestate #medicaloffice #medicalbuilding #CRE

facilities managers in hospitals and outpatient care clinics are facing a double whammy— constrained access to capital, exacerbated by increased costs, and pressures to incorporate sustainability into their maintenance work, repairs, upgrades, replacements, remodelings and construction. Healthcare expenditures have increased due to growing patient volumes, driven by a rising geriatric population and a higher prevalence of chronic diseases. The Centers for Medicare and Medicaid Services expects U.S. health spending to jump nearly 64%, to $7.2 trillion, in 2031, from $4.4 trillion in 2022, with an anticipated growth of 5.4% per year on average, according to a recent study published in Health Affairs.

Informative insights from Modern Healthcare shared in the article below:

In the dynamic landscape of medical facility construction, it’s crucial to stay ahead of the trends that influence healthcare facility design. From prioritizing behavioral health initiatives to creating spaces that cater to caregivers, the focus on holistic design solutions is revolutionizing healthcare facilities. In our most recent blog post, “Exploring Innovative Trends in Healthcare Facility Design,” we dive into the innovative approaches shaping modern healthcare environments to enhance patient care and well-being. Visit rjharrisconstruction.com to read our blog post and learn more about our services. #commercialconstruction #generalcontractor #houstonconstruction #texasconstruction #renovation #rjharrisconstruction

Even as outpatient medical facilities gain momentum, increased costs are driving health systems seeking new spaces or lease renewals to limit out-of-pocket capital expenditures, states a recent report from JLL. Healthcare systems evaluating new locations must clarify their business objectives and the type of facility they need to achieve those objectives, which could include prioritizing projects based on available capital and not overbuilding outpatient facilities to hospital standards. Read the study: https://ow.ly/gYuX30sBLC2 #healthcare #healthcaresystems #outpatient #health

Is demand high in the Twin Cities for healthcare? What are the challenges providers are facing when considering new locations? I offer input on these issues and more in the latest MN RE Journal article on healthcare. Share your feedback here - let's continue the discussion together to help solve the challenges of healthcare real estate in the Twin Cities. Ryan Companies US, Inc.

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