Changing consumer tastes and improvements in health care technology are changing the healthcare industry in a way that will probably unsettle the $1 billion health care property marketplace, according to a recent study from BTIG.
However, BTIG claims the effect on healthcare property, both concerning timing and size are not as apparent. Healthcare entities will probably require less distance for admin functions as individuals continue to operate remotely, however, the effect on clinical distance is not ascertained. And while MOB basic tendencies are strong throughout COVID, telehealth technology remains restricted in a variety of ways.
The business specialists BTIG hosted its latest business analysis call”talked more of possible efficiencies within their portfolios and networks instead of a wholesale decrease in clinical space during the upcoming few decades,” the company wrote in a short-term report. The potential for health care administrators is probably more”office hoteling,” with a few health care providers falling to renew admin distance. The trend will probably have a better effect on urban and suburban places, but rural areas will be much less affected.
The analysis also notes that Amazon is poised to interrupt the burgeoning telehealth industry with a growth of its Care system and a growing devotion to that which BTIG analysts predict the “retailization” of health care.
“This tendency is partly reorganizing the system by bringing attention to the individual in place of the patient into the health care whilst treating them as a customer,” BTIG analysts wrote. “Recent years have seen an ongoing push to take focus on the cheapest acuity environment, as well as advancing technology that setting might be the individual’s home.”