Medical equipment budget key to a successful healthcare project

The sophistication of the equipment needed, the accuracy of cost estimates, the needs of stakeholders and the frequency of change orders can all make a difference


A well-considered medical equipment budget is one of the keys to a successful healthcare project, according to an article on the Health Facilities Management website.

The sophistication of the equipment needed, the accuracy of cost estimates, the needs of stakeholders and the frequency of change orders can all make a difference.

Basing a budget on a space program rather than square footage is considered best practice. But the budget can still fluctuate based on a number of variables.

Relocation costs, equipment upgrades, leases, transition rentals, information technology (IT) integrations and ancillary expenses (i.e., electronic health record interoperability)  all can play a role.

The project delivery method and construction schedule can also impact the budget.

Read the article.

 

 



January 14, 2015


Topic Area: Project Management


Recent Posts

AI Usage for Healthcare Facilities

People in all industries are finding more use cases for artificial intelligence.


Ground Broken on Pelican Valley Senior Living Modernization Project

It is expected to reach completion in early-mid 2027.


All-Electric UCI Health – Irvine Hospital Set to Open

The 144-bed facility will be the nation’s first all-electric acute care hospital, serving the residents of coastal and south Orange County.


The Rising Strategic Value of Owner's Reps in Healthcare

The role of the owner’s representative has evolved beyond project advocate to strategic campus planning consultant.


Lawrence Group Designs Pair of Ignite Medical Resorts in Missouri

They combine cutting-edge physical rehabilitation with the indulgence of a 5-Star hotel.


 
 


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.