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It’s about providing the highest value at the lowest cost.

Healthcare Construction - tips on highest value, lowest cost.

1. MOVE LESS CRITICAL FUNCTIONS TO LOWER-COST SPACE

Consolidating functions, reallocating space more efficiently, moving lower-cost space such as admin., lab, physical therapy, pharmacy, and other less intense functions.

2. DESIGN SPACES TO INCREASE PATIENT THROUGHPUT AND STAFF EFFICIENCY

Save money on space by building less of it. Healthcare designs have pared back square footage on lobbies, dining areas, and other nonclinical functions.

3. APPLY LEAN PRINCIPLES AND INTEGRATED PROJECT DELIVERY

Analyze processes and improve operational efficiencies before designing a new facility.

4. MAKE SPACES MORE FLEXIBLE FOR MULTIPLE USES

Making space flexible so that it can accommodate a variety of functions or be repurposed in the future at reasonable cost; popular highest-value trend. 

5. USE PREFABRICATION TO TRIM CONSTRUCTION COSTS, SHORTEN SCHEDULE

Factory-based prefabrication improves safety, saves time, money, and builds future ready spaces. 

6. LOOK INTO PERFORMANCE CONTRACTING FOR ENERGY-EFFICIENCY

Energy-efficiency options offer more ways to trim utility bills. 

7. DEVELOP FIRM STANDARDS FOR CONSTRUCTION PROJECT

Guiding principles aimed at cutting costs.  New construction and renovations covering standards for room size, overall square footage, mechanical and electrical infrastructure, and other building features.


Healthcare's focus - value and outcome based reimbursements.

While change is never easy, a very important one is already underway; the transition from volume-based/fee for service (FFS) models to value-based care (VBC). 

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Costs you may face and how to prepare.

Renovation overruns

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Companies are rarely able to move into a new location and start operating right away. This especially holds true if you are in a strictly regulated industry that has exacting standards.  

Downtime

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It’s common for business owners to underestimate how much of their attention a move can demand or how much employee and equipment downtime it will involve. Carefully plan for such disruptions to avoid surprises during the move.

Defects

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Building condition defects and environmental problems can become a financial burden and play havoc with your moving schedule. 

Poor layout

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Consider hiring an operational efficiency expert to help organize your layout to streamline production and reduce waste.  

Operating costs

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Ask the Landlord for a detailed list of recurring overhead costs and recent maintenance and repairs.

Extras

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Some expenses are simply impossible to foresee—another reason to include a contingency fund in the financial package.

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