Though the pandemic of the last few years has waned, we’ve noticed a continued shift in real estate needs catalyzed by the desire to enhance access to healthcare facilities. Before the pandemic, health systems nationally were struggling with the ongoing need to transfer many of their services to localized caregivers, away from in-patient hospitals. Many systems had, and still have, a network of smaller practices, located in smaller facilities that remain deeply connected with the local communities. However, this is not an easy feat financially. As lease costs increased, the consolidation of outpatient practices emerged as a holistic solution to alleviate costs. As the pandemic hit, there was even more pressure to speed up the pace of these consolidations.
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Read the rest of the article here.