JUNE 2023

MARKET REPORT

The Health System Expansion Edition

Health systems and disruptors are making serious moves when it comes to their building and expansion strategies. Investing billions of dollars into campus and outpatient expansion signals that the demand for services is growing. In fact, U.S. health spending is projected to exceed $7T in 2031.

Is facility growth part of your strategy for capturing growing demand?  

IU Health advances plan to build 44-acre campus in Indianapolis

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Modern Healthcare, June 16, 2023

The nonprofit system estimates that consolidating services into one location will save $50,000 annually. 

Becker’s Hospital Review, June 8, 2023

The retail giant now has more than 30 Walmart Health centers across Florida, Arkansas, Georgia, Illinois and Texas, with plans to grow to 77 by the end of 2024 and expand into Arizona and Missouri. 

Georgia Recorder, June 14, 2023

Stratmann said his research shows that Georgia could see seven additional hospitals and that the current number of ambulatory surgery centers could grow from about 360 to 500 without today’s existing limits. 

Fierce Healthcare, June 6, 2023

The Medicare Advantage giant has established a multiyear effort to continue scaling CenterWell and expects to open between 30 and 50 centers per year through 2025.

Modern Healthcare, May 3, 2023

Firms more than doubled their numbers of completed stand-alone emergency departments and urgent care clinics. 

Healthcare Design Perspectives, May 9, 2023

A recent McKinsey article shows that ambulatory care now makes up roughly 30 percent of total provider revenues. Future growth sources include urgent care, ambulatory surgery centers, and outpatient behavioral health facilities. 

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When you are looking to expand your footprint, we have the experience and expertise to help you through the process. Our team will guide you through choosing the right location and building design and finding financing options that work for your budget.

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