Capital-constrained systems face competing priorities, BOMA panel says
By John B. Mugford
The “Direct from the C-Suite” panel discussion during the 2024 BOMA Medical Real Estate Conference included (from left to right): moderator Kerrie Bartel-Christensen of CommonSpirit, Andrew Haslem of Providence Health System, Scott Brinker of Healthpeak Properties Inc., Mike Conn of Meridian and Travis Messina of CommonSpirit Health. (HREI™ photo)
Sure, health systems throughout the country still want to build the brightest, shiniest, trophy facilities that not only attract patients but provide them with great experiences and keep them coming back.
But then again, there are boilers that need to be repaired or replaced.
In the current environment of high interest rates and rising costs of building new facilities and providing care, health systems are no longer able to build as many new, beautiful projects as they were able to just a few years ago.
“It’s been a really hard shift for an organization like ours that has historically liked the bright, shiny object, the new project, the new thing,” said Travis Messina, system senior VP with Chicago-based CommonSpirit Health, a massive system that operates 174 hospitals across 23 states and a total real estate portfolio of about 100 million square feet of space.
The reality, however, is,
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
