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.
How Retail Design Can Improve the Healthcare Patient Experience
Jefferson Health Breaks Ground on Lehigh Valley Hospital—Coopersburg
Encompass Health Plans Second Small-Format Rehabilitation Hospital
Rethinking How Healthcare Facilities Fund Construction Projects
Winners Named for the 15th Annual Healthcare Design Awards