Four trajectories define how systems can move ahead; each has
ramifications for patients and capital projects, say DPR Healthcare
leaders
REDWOOD
CITY, Calif., April 17,
2024 /PRNewswire/ -- Healthcare systems
investing in and operating their real estate portfolios as they did
just five years ago are unlikely to realize their expected returns
and must shift their approach to align with their patient care and
financial goals, according to the latest Healthcare Insights report
from DPR Construction.
"Cascading changes in the healthcare industry, ranging from
lower reimbursement rates to the costs of staffing and low margins
are forcing healthcare leaders to rethink their real estate
strategies," said Supina Mapon, a DPR healthcare strategist. "The
need to both manage cash and keep pace with evolving patient
preferences calls for disruptions to traditional facility
management. Those who embrace these challenges and look to
rebalance risk and return when it comes to capital assets will
position themselves for better financial success."
Mapon sees four emerging healthcare real estate trajectories for
systems to consider, varying in appeal based on system size,
community needs and competitor sets in given markets. Leaders
should evaluate which best aligns with their approaches to patient
care and work with their capital project partners to plan for the
future.
- The Rationalized Portfolio, 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.
- The Redistributed Portfolio, where systems begin to
source partners and incorporate community nodes of care into their
real estate portfolios, potentially moving to models of care hosted
in environments that may be managed by others, such as retailers,
workplaces, schools and more.
- The Re-envisioned Portfolio, where providers may
supplement a multi-channel technology platform that guides patients
toward wellness and resources with an extensive physical network of
community care nodes.
- The Refocused Portfolio, which would shift the paradigm
of the hospital from the anchor of the health system to the final
and highest-acuity specialty center. In this case, hospitals
operate as specialist hubs, portfolios evolve to include an
ecosystem of digital and community nodes, a reduced number of
ambulatory centers, and access to a number of post-acute
sites.
"Not taking action risks having underutilized spaces that are a
drag on the bottom line and will have ramifications for patient
care, clinician and staff morale and more," Mapon said. "Given
that each approach will have significant effects for patients and
their communities, providers should carefully consider what makes
long-term sense for the portfolios and capital projects. Including
construction and design partners in discussions will help ensure a
sustainable path forward."
DPR's Healthcare Insights series covers how emerging trends
affect capital projects and planning and how contracting partners
can help healthcare systems make sense of the rapidly evolving
market.
About DPR Construction
DPR Construction is a forward-thinking, self-performing general
contractor and construction manager specializing in technically
complex and sustainable projects for the advanced technology, life
sciences, healthcare, higher education and commercial markets.
DPR's portfolio of work ranges from large-scale new construction to
small tenant improvements and special projects. Founded in 1990,
DPR is a great story of entrepreneurial success as a private,
employee-owned company that has grown to a multi-billion-dollar
organization with offices around the world. Strategically focused
on delivering more predictable outcomes through applications of
virtual design & construction, prefabrication, its team of
self-perform craft, and leveraging data to learn and improve from
DPR consistently ranks among the top building contractors and
employs approximately 11,000 professionals across its family of
companies. For more information, visit http://www.dpr.com.
For more information, please contact:
Jay Weisberger
DPR Construction
Tel: 206-550-8883
Email: pr@dpr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/healthcare-systems-must-shift-real-estate-portfolios-to-realize-value-302118724.html
SOURCE DPR Construction