amt2 task 1 Essay
Trinity Community Hospital
New Orthopedic Line
The following is a summary of advantages and disadvantages of building, buying and leasing space for the new orthopedic line at Trinity Community Hospital. Included in this summary, is the option I recommend and my basis for this choice.
When considering building, buying or leasing space for the new orthopedic service line, one must consider current trends in healthcare. Hospital construction continues to struggle to recover from years of unfavorable economic news. As hospital building activity has spend the last few years under the shadows of Wall Street’s financial meltdown and Capitol Hill’s health reform debate, industry planning, design …show more content…
There are multiple disadvantages to building space for the new orthopedic line. There is a large cash outlay or debt accumulation upfront. The need to construct the building would severely delay the hospital’s ability to open the new orthopedic line. If the building requires selling in order to raise cash, current real estate market conditions may make this impossible. Additionally, there is risk that the project would exceed budget and completion timeframes. As with building, the disadvantages to buying space for the new orthopedic line are similar. There is a very large cash outlay upfront. Also, there is the risk the property would not maintain its’ value long-term. The