3 Reasons To Invest in Medical Real Estate
Investing in medical office buildings and properties around hospital complexes is becoming an increasingly good idea because the demand for doctors and specialists is outpacing the supply of clinics, hospice centers and treatment facilities. By developing medical real estate, you can help meet this demand while improving your community and giving yourself better access to the type of healthcare services you value.
An Increased Demand
The Baby Boomers are a huge generation which is reaching retirement age right now, meaning that a larger portion of the population is needing healthcare for age related conditions such as bone health, eyesight and diminished movement. Doctor’s offices are booked weeks in advance with regular patients and many physicians are looking to open their own clinics or expand their practices into larger buildings. Real estate close to hospitals is the best investment because physicians and specialists can have a private practice close to surgical facilities and testing labs with more space than the hospital can offer. The children and grandchildren of Baby Boomers have caused extreme sports to thrive, causing an even greater demand in orthopedics, physical therapy and emergency room services from the injuries sustained while playing those sports.
Changes to Medical Tech and Services
Advancements in healthcare technology have made it easier to move some procedures from hospitals to medical office complexes because those services have become out-patient procedures instead of in-patient ones. There are even out-patient surgery centers and specialty surgery centers which can be separate from hospitals because they do not require over-night stays.
An increase in home healthcare professionals has added to the number of services and procedures which are considered out-patient because these nurses and aides can keep an eye on patients through remote monitoring enabled implants, video chats over the internet and regular home visits. This reduces congestion in hospitals while increasing the demand for office space and clinics off-site.
The Affordable Care Act
The ACA and accompanying changes to the laws and insurance policies surrounding medical care has increased the number of Americans who can afford medical care. For instance, many insurance companies have realized that covering regular check-ups can catch medical conditions earlier and reduce the overall costs of healthcare. This means that more people are insured and can affordably visit doctors, specialists and care centers before conditions become life-threatening or outside of emergency situations.
Investing in medical office real estate can help you meet a growing demand for healthcare facilities due to an aging population, changes in technology and new laws. Not only can you develop land for a new clinic and office complex, you can ease the congestion at existing facilities and make a good profit.