All posts in Health Care
Lockard Companies won the 2016 HREI Insights Award for Best New Medical Office Building and Outpatient Facilities (Less Then 25,000 square feet) this past week at the Real Share Healthcare Real Estate Conference in Scottsdale, AZ for their Five Star ER, Pflugersville, TX building. The awards were presented by Healthcare Real Estate Insights. HREI publisher Murray Wolf said that “The HREI Insights Awards have honored the best of the best in healthcare real estate since 2013.Yet we never fail to be astounded by the quality of the people and projects that are nominated. The projects that are submitted demonstrate the remarkable persistence and creativity of the development teams behind them.” Lockard and Emergency Service Partners had identified an optimal site in Pflugerville, an Austin, Texas, suburb, for its next freestanding emergency room under its Five Star ER brand. However,
Watch the construction progress for the Western Home Communities Prairie Wind, a wellness and community center with independent living and skilled nursing cottages located in Pinnacle Prairie, Cedar Falls, IA.
What is one of the hottest trends in health care? It’s not on campus or an app for your smartphone, but rather located in your neighborhood shopping center. Freestanding emergency departments (FSED’s), emergency departments not attached to a hospital, efficiently connect patients with needed care closer to where they live. Many FSEDs boast little or no wait times and very high patient-satisfaction scores. Studies have shown that FSEDs are able to achieve hospital-level quality of care, even for the most serious and time-critical conditions. In this article written by Jay Jackman and published by WMFD.com, FSED’s are taking center stage in Columbus, Ohio, as they look for way to reposition themselves for the shifting demographics and demands they are facing.
After remaining relatively stable during the latest recession, the health care real estate market appears on the cusp of explosive growth. Here are eight signs of the favorable opportunities existing in health care real estate: 1- Medical office vacancy rates nationwide are at their lowest level, 10.9 percent, since the 2008 recession. Furthermore, much of the vacancies exist in older, less adaptable buildings, meaning they aren’t an option for many practices seeking space. The impact of the recession and the uncertainty caused by the lengthy debate on the Affordable Care Act caused health organizations to shutter new construction. At the same time, demand for health care services increased. Now that the recession is in the rear-view mirror and the ACA’s impact is clearer, the industry is again looking to expand. 2- The need to expand health care services has never been greater. Millions of Americans now have greater access to health care because of the ACA; imagine, for instance, how the auto industry would benefit if a new law created 30 million newly licensed drivers. Additionally, the elderly population aged 65 and over, the most predominant users of health care services, is projected to increase by 79.2 percent through 2030.
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