Hospitals will increasingly spend their money on the construction of outpatient facilities, as facilities look to ambulatory settings to provide a low-cost care alternative, according to a Crain's New York Business report.
Jeffrey Cooper, executive managing director of the North America healthcare practice at Savills, a real estate firm, estimated that 60 percent of care provided by hospitals nationwide is inpatient, and the other 40 percent is ambulatory, according to the report. He predicted that over the next five years, those percentages will switch as hospitals look to outpatient facilities to lower cost and broaden the patient base.
According to the report, several New York facilities have allocated significant funds toward building ambulatory care centers. Memorial Sloan-Kettering Cancer Center plans to convert the former Cabrini Medical Center to an ambulatory care center, while NYU Langone Medical Center has established 11 ambulatory care centers in the city in the past three years.
Read the Crain's New York Business report on ambulatory construction.
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Jeffrey Cooper, executive managing director of the North America healthcare practice at Savills, a real estate firm, estimated that 60 percent of care provided by hospitals nationwide is inpatient, and the other 40 percent is ambulatory, according to the report. He predicted that over the next five years, those percentages will switch as hospitals look to outpatient facilities to lower cost and broaden the patient base.
According to the report, several New York facilities have allocated significant funds toward building ambulatory care centers. Memorial Sloan-Kettering Cancer Center plans to convert the former Cabrini Medical Center to an ambulatory care center, while NYU Langone Medical Center has established 11 ambulatory care centers in the city in the past three years.
Read the Crain's New York Business report on ambulatory construction.
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