DateWed, Jul 08, 2020, 12:00 PM – Wed, Jul 08, 2020, 01:00 PM
How to Prioritize Health Facilities Investment Decisions
Wednesday, July 8, 2020
1 - 2 p.m. Eastern; noon - 1 p.m. Central; 10 - 11 a.m. Pacific
As the country emerges from the coronavirus pandemic and searches for the new normal, it will be critical to have more informed data regarding the in-situ condition of the health facilities property portfolio. Financial resources are diminishing at a time when investments will be required to assure more appropriate and definable solutions can be implemented for the next challenge when it arrives.
Facility Condition Assessments (FCA) are not new but have been contrived by many in proprietary models that do not accurately and effectively inform facilities investment decisions. By using a well-known transparent model, defined by the American Standard Testing Model (ASTM), leadership will be able to compare across their portfolio as well as others. Investments in acuity adaptability can be prioritized to include existing capital renewal and deferred maintenance backlogs to assure preparations are efficient and cost-effective. Once defined, implementing an IDIQ umbrella contract to facilitate the work to various contractors in the region assures the projects will be completed in an accelerated manner for a defined pre-negotiated rate. These contractors are vetted by the institution’s procurement process and have bid the project task catalog for all possible work in the institution.
Attendees Will Learn:
- How to prioritize capital projects in alignment with the needs of the institution.
- How to select projects that support the facilities plan.
- Alternative project delivery methods.
Director of Market Strategy and Development