Healthcare property developers are starting to think smaller and this mindset is leading to more microhospitals, according to an article on the Real Estate Business website.
Micro hospitals are a hybrid of urgent care centers and hospitals. They offer an average of eight to 12 beds and have between 15,000 and 50,000 square feet.
They usually cost $7 million and $30 million.
When considering where to build a micro hospital, developers are encouraged to pinpoint high-visibility sites within 20 miles of a major hospital. This enables them to tap directly into the smaller submarkets for which micro hospitals are intended, the article said.
Rethinking Strategies for Construction Success
From Touchless to Total Performance: Healthcare Restroom Design Redefined
New York State Approves $53M Construction Program at Niagara Falls Memorial Medical Center
How Health Systems Are Rethinking Facilities Amid Margin Pressure
Ground Broken on New Medical Office Building in Scottsdale, AZ