About
About the Study
Purpose
The 2009 Community Hospital Replacement Study (CHRS) was conceived to advance the current state of industry knowledge regarding replacement hospital project strategy, design, finance, and execution.
Seventy-two community hospital replacement projects completed between 2000 and 2007 were identified and included in the CHRS. A comprehensive set of replacement hospital market, facility, operating, and financial metrics has been analyzed and compiled into the CHRS to provide hospital and community leaders with guidance regarding key issues:
- What has been the industry experience with community hospital replacement projects?
- How does post-replacement hospital performance compare with pre-replacement results and national results?
- How do select market, project, operational and financial characteristics impact pre- and post-replacement performance?
- How does my organization and project compare with the 72 replacement hospital projects included in the CHRS?
Photographs
Photographs below are of two replacement projects. They are also profiled as case studies in the publication: Mid Coast Hospital in Brunswick, Maine and Platte Valley Medical Center in Brighton, Colorado.
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About the Sponsors
Stroudwater Associates
Since 1985, Stroudwater Associates has differentiated its advisory services through action-oriented strategies that integrate operational, facility, financial, clinical, and strategic considerations. Healthcare is our exclusive focus. Our project-specific inter-disciplinary teams include: experienced clinicians, academics, system leaders, corporate officers, investment bankers, financial analysts, and content specialists, with an average of 17 years in healthcare each.
We serve a broad range of clients from academic medical centers, to community hospitals, to small hospitals, and to physician practices. Our consultants research, publish, and speak nationally on the most recent trends and technologies affecting the delivery of healthcare. Many serve as subject matter experts to organizations such as the Advisory Board, the American College of Healthcare Executives, and Estes Park. Most importantly, we do not re-frame client needs to fit pre-packaged solutions. Our clients are unique, so are our solutions.
BE&K Building Group
BE&K Building Group is a commercial construction services company specializing in healthcare. Uniquely qualified to provide superior preconstruction and construction services, our staff includes over 450 professionals who were responsible for more than $2.0 billion of projects in 2008, including some of the most significant healthcare projects underway. From offices in Atlanta, Birmingham, Greenville, Houston, Nashville, Orlando, Raleigh, and Washington, DC, we work across the USA because of strong relationships with healthcare clients requiring specialized construction services. The vast majority of our projects are for repeat clients, and most are awarded on the basis of the qualifications, experience and talent of our people.
Goldman, Sachs & Co.
Goldman Sachs is a leading global banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals. The firm was founded in 1869 as a private partnership and became a publicly-traded NYSE company in 1999.
Goldman Sachs advises, finances and invests in client initiatives in both well-established and emerging economies. We operate at the center of the global markets, offering clients products and services that help them manage and take advantage of the unique opportunities they face. Goldman Sachs is headquartered in New York with offices around the globe, employing nearly 30,000 people worldwide.
Perkins + Will
Perkins+Will is setting worldwide standards for exceptional service and design innovation in architecture, interiors, branded environments, planning + strategies, and urban design. Perkins+Will pioneered the development of healthcare design as a specialty focus in the 1950s. Today, the firm is a global leader in healthcare, having completed more than 1,000 planning and design projects for over 500 leading institutions in the United States and overseas, and is perennially ranked among the top healthcare design firms by Modern Healthcare. Within the past decade, the firm has designed and planned over 50 million square feet of healthcare and research space in urban, suburban and rural settings.
