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January - 2017
Article Commentary Written by: Garth Hogan Executive Managing Director Global Healthcare Services, Newmark Knight Frank
On or Off-Campus Premium? This discussion started years ago when hospitals started building off-campus outreach clinics to drive business back to the on-campus acute care facility. (hub and spoke) Rents for buildings located near the hospital have traditionally been higher than the off-campus facilities.
Technology takes center stage. Some of the team's biggest findings were in the arena of technology and its continuing expansion into healthcare facilities. There's a shift taking place where providers are moving from the standard physical, office-based version of healthcare to a digital, mobile-friendly approach.
Hospitals continued to operate around the clock in 2016, but they also began to spin off specialty lines designed to serve certain niches of patients.
Those services are not only more convenient for patients, but they also aim to cut the overhead expenses of hospital operators. For example, it is a lot less expensive to operate a microhospital than a major teaching facility.
Retail clinics have been popping up all over the country, and some consumers are using them as convenient, low-cost alternatives to low-acuity care. But a new study published in the Annals of Emergency Medicine found that, overall, retail clinics don't seem to be making a dent in the usage of Emergency Departments.
COVID-19 HeaTHCARE REAL ESTATE UPDATE
