Prefabrication and modular strategies can be a way for healthcare systems to reduce the financial and schedule impacts of capital-build projects, according to the latest Healthcare Insights published by DPR Construction. In fact, the report notes that implementing prefabrication can positively affect cash flow through speed-to-market, potentially unlocking earlier revenue recognition and tax advantages via asset depreciation.
Moreover, many healthcare building typologies are ideal for prefabrication and modular solutions due to complex systems and often repetitive elements, such as inpatient or exam rooms. Large-scale, repeatable installations can also significantly reduce exposure to supply chain risks.
The benefits increase by implementing prefabrication across multiple projects, scaling cost reduction and revenue recognition benefits while also supporting the mission to care for a significant number of patients sooner. Repetition also benefits owners and patients as it strengthens health systems’ priorities of implementing best clinical practices, including focusing on staff efficiency and patient safety.
DPR’s Healthcare Insights series examines the critical issues facing healthcare providers at the intersection of care and construction. Additionally, DPR’s Constructing With Care podcast takes a deeper dive into these topics, along with views from other industry leaders.
