Development of Medical Office Buildings (MOB) and Ambulatory Surgery Centers (ASC) Turbo-Charged By The Pandemic
Development of Medical Office Buildings (MOB) and Ambulatory Surgery Centers (ASC) Turbo-Charged By The Pandemic
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Decentralized Healthcare Infrastructure A Fast Growth
Construction Specialty and Major Patient Convenience
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Suburban & Urban Locations Selected for Easy Patient Access
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Newest AXIS Built Medical Facility Grand Opening
Rothman Orthopaedics Newtown – Thursday, January 25, 2024
101 Pheasant Run, Newtown, PA
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AXIS Sponsors Feb 22, 2024
BISNOW.com Philadelphia Healthcare Summit
ENHANCING FACILITIES, MEETING CAPITAL DEMANDS AND
ADAPTING TO EVOLVING PATIENT NEEDS
Thursday, February 22 2024 @ 8:00 AM EST
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See Full List of AXIS Built Healthcare Units
Below Following Press Release
BISWIRE/Feb. 20, 2024 — While the gleaming new medical campuses of major university and sprawling hospital groups are the jewels of the nation's healthcare crown, they may also be an anachronism if the development of smaller outpatient facilities -- especially in the suburbs -- continues at is current pace. The Covid-19 pandemic turbo-charged the growth of this sector.
"The decentralization of the healthcare delivery infrastructure is in full swing," according to Bill Bostic, CEO of AXIS Construction Management LLC. "And companies like Axis are tip of the spear developing specialized Medical Office Buildings (MOB) and Ambulatory Surgery Centers (ASC) facilities for dozens of top healthcare providers."
The healthcare industry has evolved past the singular concept of providing medical care to a swelling and busy population solely through concentrated giga-sites like hospitals in favor of more convenient, localized satellite facilities and multi-tenant Medical Office Buildings. The suburbs are a great resource for signature medical facilities conveniently located with ample surface level parking, and more favorable conditions for land acquisition, development, and construction.
"These contemporary facilities are far more sophisticated than the early urgent care 'Doc in A Box' clinics that were popping up like crazy years ago and now seem antiquated," explains Bostic. "Axis is a vertically integrated real estate developer and CM firm with unique experience in all of the medical modules necessary to set these new sites apart from their earlier predecessors. From simple Medical Office Buildings to complex Surgical Centers, we demystify and turn-key these facilities as a single source solution for providers or through third party contracts with other developers.”
First and foremost, the trend is a huge benefit to healthcare consumers. Having access to local state-of-the-art clinics for various routine and specialized out-patient services, while still under the care of a respected major brand healthcare system is a significant source of comfort for patients dealing with serious medical concerns.
On the business side, with the already arcane healthcare management process, having random 10,000 - 20,000 sq. ft buildings on the books, is acute agita for hospital system CFOs.
"The predominant emerging business model in healthcare real estate is for the developer to handle the entire project from the real estate transaction, through core and shell design and construction, seamlessly into the fit out, including all specialized med tech equipment," says Bostic, explaining that all the development costs, furnishings, accessories and tech expenses are rolled in the lease.
“Healthcare systems no longer want the risk of real estate or construction. Instead, the developer and healthcare provider sign a long-term lease amortizing the cost and in a few short years, a property goes from a vacant piece of land with an uncertain future to a high value, stabilized asset with a solid tenant serving the community. It’s truly a win/win."
Attorneys specialized in healthcare real estate also point out that the growth in the MOB and ASC sector is related to land use and ownership restrictions that make it complicated to build these facilities on existing medical campuses.
