5/19/21

Healthcare Real Estate Update: Minneapolis | St. Paul

In the past year, the COVID-19 pandemic has had a significant impact on healthcare delivery. Today we discuss the top healthcare trends impacting real estate.

First, organizations have been making major moves into the telehealth market as the COVID-19 pandemic has driven the rapid adoption of virtual care. In the last year alone, telehealth visits have increased by 35%.

Second, we have seen increased movement of non-critical care to outpatient facilities, a shift that began even before the pandemic. These facilities are more conveniently located than hospitals, and the overall cost for both the patient and provider can be considerably less.

Third, we have seen a rise in industry consolidations. Private practices are being acquired as healthcare systems look to expand their service lines and strengthen their market share. Many providers will seek a lifeline to partner with large organizations to remain competitive.

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And if you have any further questions about the healthcare industry or market trends, reach out to a Rokos broker today. We are here for you and happy to help.

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