A facility portfolio analysis can assist master planning

Portfolio prioritization is one key piece of information to evaluate when considering funding projects

By Healthcare Facilities Today


Money continues to be scarce, yet health care systems need to invest and reinvest in their physical future to meet strategic needs in the market, modernize aging infrastructures and ensure that the organization is delivering the proper standard of care, according to an article on the Health Facilities Management magazine website.

With multiples campuses and operating units, facilities department leaders and chief financial officers (CFOs) usually don't have the funds to meet their many demands. According to the article, portfolio prioritization is one of many important pieces of information health care organizations should evaluate when considering funding projects.

"Strategic master facilities plans should be well-conceived and pass initial muster, but when all of these requests are tallied and laid out by the health system CFO across a multiyear cash map, there still are usually more dollars requested than what the system can spend."

According to the article, tools are available to evaluate master plan projects across a health care system, allowing organizations to create a portfolio of capital projects that prioritizes them.

The first step is to develop multiyear strategic master facility plans that look out five to 10 years for each operating unit and then prepare a portfolio of all the projects. 

Read the article.

 

 

 



January 15, 2014


Topic Area: Maintenance and Operations


Recent Posts

The Future of Backup Power Systems in Healthcare Facilities

Manufacturers discuss what trends are shaping the future of backup power systems in healthcare.


Infection Control is Key to Ongoing Measles Outbreak

Infection control is essential to protecting both patients and staff from contracting measles.


Kaiser Permanente to Open New Parker Medical Offices

It also announced it's in the early stages of planning a rebuild and expansion of its Westminster Medical Offices.


Skanska Completes Renovation for New Sutter Health Care Center

The new facility will provide internal medicine, family medicine, pediatrics, as well as lab and imaging services.


Probiotic Cleaners: The Start of a Cleaning Revolution?

Advantages of probiotic cleaning include fewer resistant genes and cost savings through decreased antibiotic use.


 
 


FREE Newsletter Signup Form

News & Updates | Webcast Alerts
Building Technologies | & More!

 
 
 


All fields are required. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.