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Providers forecast 5-year construction spending.

J Hinze1

  • 1University of Washington, Seattle.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|April 9, 1990
PubMed
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Hospital construction spending plans for the 1990s were analyzed. Spending varied significantly based on facility size, age, ownership, and occupancy rates.

Area of Science:

  • Healthcare Administration
  • Construction Management
  • Health Economics

Background:

  • The early 1990s saw significant shifts in healthcare facility planning and construction.
  • Understanding construction trends is crucial for resource allocation and future healthcare infrastructure development.

Purpose of the Study:

  • To analyze national hospital and long-term care facility construction plans for the first half of the 1990s.
  • To identify key factors influencing anticipated construction spending per bed.

Main Methods:

  • A national survey of hospitals and long-term care facilities was conducted.
  • Anticipated construction spending per bed was used as a constant measure.
  • Findings were compared across various facility characteristics.

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Main Results:

  • Construction spending varied based on facility size, building age, bed utilization, ownership, and occupancy rates.
  • Specific patterns in spending were identified across different healthcare facility types.
  • The study provides a benchmark for construction investment in the healthcare sector during the early 1990s.

Conclusions:

  • Facility characteristics significantly impact construction investment decisions in hospitals and long-term care facilities.
  • The findings offer insights into the economic drivers of healthcare infrastructure development.
  • This data is valuable for stakeholders involved in healthcare facility planning and construction.