Revista, the Maryland-based healthcare real estate research firm, reports that there are currently hospital construction projects underway valued at $97 billion.
Building single-patient rooms in intensive care units is a costly endeavor, but it more than makes up its steep pricetag by preventing hospital-acquired infections, a new study has concluded.
Hospital construction has been in a boom mode for some years now, but the Affordable Care Act (ACA) is apparently prompting even smaller players to get into the action, Crain's Chicago Business r eports.
The use of prefabricated materials on a Denver hospital shaved months and millions off the construction cost, the Denver Post r eported.
Current and potential cost overruns on a replacement hospital in New York and ongoing VA hospital projects underscore the cost of building such facilities.
If you build it, they will come. At least that's what it looks like given the amount of construction projects on tap at hospitals across the country.
One Florida health system faces a challenge, albeit a positive one considering the financial strain many other hospitals are feeling around the nation--how to deal with a growth spurt.
Hospitals in Bangor, Augusta and Portland found the capital and loans for major construction projects even though they're owed $484 million in overdue Medicaid payments from the past four years.
Parkland Memorial Hospital in Texas was so singularly focused on building a new facility and maintaining cash reserves that it neglected the safety of its patients being treated in its existing facility.
Despite the sluggish economy and uncertainly surrounding health reform, healthcare construction projects are booming, as large health systems and regional hospitals continue to make multi-million-dollar capital investments.