They may never become the rule, but billion-dollar hospitals are no longer that exceptional—especially in California and Texas.
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When the International Olympic Committee chose Rio de Janeiro over Chicago and two other finalists for the 2016 Summer Olympics last October, architecture preservationists in Chicago were among those who welcomed the decision. Many of them hoped that the decision would spare eight buildings on the former Michael Reese Hospital campus from the wrecking ball, as the campus was designated as the site of the Olympic village.
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Few things a hospital does are more expensive than opening a new facility, but the move from one place to another also offers one of the greatest chances for hitting the “free advertising” jackpot—as well as creating other low-cost marketing opportunities. It can also carry considerable risk if the move does not go smoothly and every media outlet in town is on hand to cover the debacle.
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It could be the ultimate trend in healthcare recycling: Renovating an existing building and turning it into a healthcare facility—although, in some cases, “transforming” may be a more accurate description of the project.
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So-called “clash detection” will not help healthcare executives pick the right tie for their jacket, but it may save them time and money on their organization's next construction project.
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While going though the interview process for the president and CEO positions at Denver's St. Anthony Central Hospital two years ago, Peter Makowski says he kept visiting the institution's Web site to look at the drawings of the new $750 million replacement hospital that Centura Health was proposing to build.
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