There may be a 35-40 percent increase in new healthcare construction projects in 2011 compared to 2009, according to a recent VHA capital survey.
VHA recently conducted a capital survey of its member hospitals to gain insight on upcoming trends and changes to expect in 2011.
Other key findings from the survey include:
• Of the 30 percent of survey respondents that anticipate expansion or renovations, 46 percent of them plan to begin expansion projects during the first half of the year.
• Of the 67 percent of hospitals undergoing renovations or additional construction, 79 percent of the projects are focused on patient care
• Approximately 31 percent of respondents consider making their facilities environmentally sustainable a definite priority.
Additionally, VHA has made the following predictions for 2011:
• The cost of construction materials will continue to increase for healthcare organizations.
• In 2011 and beyond, there will be an increase in hospitals and non-acute facilities selecting recycled materials and higher-end materials (i.e. granite tile, sandstone, etc.) for their new construction projects.
• There will be an increase in the frequency of multiple hospitals collaborating to aggregate their purchases of construction materials to drive construction costs down.
Learn more about VHA.
Read more about hospital expansion and development:
- $800M Expansion Begins at Duke University Health System
- 8 Trends in Hospital Design and Development
- Hospital Construction Financing After the Recession: Q&A With Malcolm Sina of The DASCO Companies
VHA recently conducted a capital survey of its member hospitals to gain insight on upcoming trends and changes to expect in 2011.
Other key findings from the survey include:
• Of the 30 percent of survey respondents that anticipate expansion or renovations, 46 percent of them plan to begin expansion projects during the first half of the year.
• Of the 67 percent of hospitals undergoing renovations or additional construction, 79 percent of the projects are focused on patient care
• Approximately 31 percent of respondents consider making their facilities environmentally sustainable a definite priority.
Additionally, VHA has made the following predictions for 2011:
• The cost of construction materials will continue to increase for healthcare organizations.
• In 2011 and beyond, there will be an increase in hospitals and non-acute facilities selecting recycled materials and higher-end materials (i.e. granite tile, sandstone, etc.) for their new construction projects.
• There will be an increase in the frequency of multiple hospitals collaborating to aggregate their purchases of construction materials to drive construction costs down.
Learn more about VHA.
Read more about hospital expansion and development:
- $800M Expansion Begins at Duke University Health System
- 8 Trends in Hospital Design and Development
- Hospital Construction Financing After the Recession: Q&A With Malcolm Sina of The DASCO Companies