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When it comes to healthcare and related real estate, you can expect providers and investors to look for ways to make healthcare more convenient and cost effective while they are working on efficiency and consolidation. 2018 will produce more of the trends that shaped last year in healthcare real estate, but Houston leads the way with some new sector trends.
Although Houston health systems are increasing the size of their footprint on the city’s landscape with new hospitals in major submarkets, hospitals are reducing the number of beds while expanding other departments. Check out the changes in the use of hospital rooms and floors in Houston while the city continues to grow at an astounding rate.
Like most major markets, the shift to outpatient care is well underway and accelerating. Patients will choose where they go for care based on the customer experience. However, expect retail settings to provide healthcare destinations while trends for hospitals are taking a hint from the hospitality industry.
Have you heard of “collabitition” between health systems? The world’s largest medical center, the Texas Medical Center (TMC) in Houston, has some big plans. Leveraging the collective power of the TMC’s renowned institutions in a shared, centrally managed environment will result in a research collaborative unlike anything healthcare has ever seen. Click here for more information in the Year-End Healthcare Report for Houston.