Volume turned up. Healthcare tax-exempt bonds lifted by low interest rates.
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Flexibility is the name of the game as hospitals undertake radical redesigns of their emergency departments. Prompted by HIPAA privacy requirements and using innovative flow patterns, moveable walls, larger patient rooms and evolving technology, the new ED can adapt quickly to handle fluctuating patient loads and potential terrorist attacks.
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Lafayette (La.) General Medical Center is trying to raise funds for a $75 million heart hospital by selling bonds to doctors. If the sale is successful, a flood of similar deals could follow. The project's chief architect, Robert Rosenfield, left, says his firm already is working on 25 to 30 additional deals. What effect will this type of financial arrangement have on the healthcare industry?
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A five-year expansion plan at Carroll County General Hospital, Westminster, Md., will include an expanded emergency room, a five story inpatient tower and an inpatient hospice home. The fundraising campaign started with efforts to raise $8 million among the hospital's 1,300 employees as well as volunteers and community members. Planners attribute the "incredible results" to employee participation.
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