With the formal adoption of the Patient Protection and Affordable Care Act in 2010, health systems, care providers, and patients entered a complex new world of providing and receiving health-related services. As traditional care and payment models have come under fire, healthcare systems have been left to evaluate new business strategies, implement drastic measures to reduce costs, increase quality in a new era of transparency, and increase patient volumes in order to remain profitable.
Some of the chief strategies include:
The impact of these sweeping changes on the segment of the design and construction industry focused on the healthcare market has been significant. In lieu of the traditional model of creating major destination hospitals containing a ‘one-stop-shop’ of services, providers have been forced to bring new care models to the market. Designers and builders will continue to adjust their market offerings to adapt to an entirely new set of needs facing healthcare administrators in the emerging market, requiring a more intimate understanding of the owner’s business model. Design and construction services will also continue evolving to guide the owner to smarter long-term investments, creative supply chain strategies, adaptive reuse of existing facilities, and critical evaluations of all portfolio assets.