Unbeknownst to healthcare facility managers are the true costs to renovating an outpatient facility. They vary from state to state and city to city. It can be difficult to accurately predict build-out costs.
That is why real estate investment company Jones Lang LaSalle (JLL) released Outpatient Renovation Cost Guide, a guide that works as a data tool to compare build-out costs across US markets.
Another motivation for JLL is to challenge the increase in hospital-acquired infections (HAI). Health systems are now focusing on facility design and internal operations.
Top trends affecting the healthcare and outpatient industry, according to JLL:
1. Focus on finances
In anticipation of declining reimbursements, healthcare organizations are focused on improving their financial performance. Organizations are improving their bottom line in various ways, including mergers and acquisitions (M&A) that create scale and leverage risks, the monetization of existing assets and the renovation of existing facilities to extend their lifetime, among others.
2. Policy and potential impact
Healthcare policy continues to be debated, and while potential changes are not known at this time, many organizations are orienting their operations to adapt to future possibilities.
3. Continued focus on ambulatory care
The healthcare industry has been expanding its ambulatory network to provide healthcare to patients in a lower-cost facility setting. As a result, there’s been significant innovation and new construction in the outpatient, tele-medicine and at-home care fields.
4. The rise of ‘Wellness Communities.’
Commonly referred to as “Healthcare Villages,” these communities include a range of healthcare-related facilities which complement acute care services offered by a nearby hospital. These communities provide high quality services in a setting that ensures convenient access to specialty care and are primarily age-friendly with a socially vibrant urban design.
You can download a full copy of the report for free by visiting the JLL website here.