Submitted by Bruce Raber, vice president & healthcare practice leader
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The New Laguna Honda Hospital & Rehabilitation Center San Francisco, California |
We’ve recently launched plans to significantly increase our exposure to the
healthcare sector with the acquisition of Anshen + Allen in San Francisco and the planned addition of Burt Hill of Pennsylvania. With these major developments in the works I’ve been asked, why is Stantec so confident in the healthcare market?
There are a few reasons for our decision to focus our attention on healthcare.
It’s a very large market
Every community of any size in the world has some sort of healthcare facility. There are thousands and thousands of facilities that are in need of renovation, redevelopment, or need to be built in growing cities and towns. Healthcare facilities such as
hospitals, labs,
research centers, and doctor’s offices are vital pieces of infrastructure. A hospital is the one building type that every member in the community will use, which means there is a lot of opportunity for design work for firms like us.
Growing demand for everything associated with health and wellness
The world’s population is aging and the baby boomers are reaching the age where they will need more care. Nearly every day you will find stories in the newspaper related to healthcare, whether it’s a new treatment or drug, new government programs, or medical breakthrough. Healthcare infrastructure is the backbone for all of this. Research, treatment, care – it all happens within the walls of a facility. We help provide those facilities. Right now demand for healthcare facilities far exceeds what’s available.
Additionally, the demand for design services is ongoing. While we design for
future flexibility in all our healthcare work, there is still an ongoing need for maintenance and
renovations. As technologies and processes change and improve, buildings need to be adapted to accommodate those changes. This leads to ongoing relationships between us and the facility operators and opportunities for us to provide services over the life of the building.
Funding can be a challenge, but it’s achievable
Just because there is a demand doesn’t mean it can be funded. However, healthcare is typically a funding priority for governments. It needs to be funded in order to help ensure the safety and well being of the population. We were seeing money being invested in healthcare even during the economic downturn and now that there is a recovery happening (albeit a slow one) we feel that healthcare is one of the first markets that will see increased investment globally. Public-private-partnerships (P3s) are playing in increasingly important role and have proven to be an effective model for allowing governments to build the facilities needed.
Better design can also help. Designing around processes that doctors and nurses use for common tasks and technology can mean we can construct smaller buildings which can lead to cost savings. This is why Stantec has Registered Nurses on staff to help make the building functional for those that use it day in and day out. Energy efficient technologies and design improvements also can reduce the long term operating costs of a facility. Good design is helping healthcare facilities become less expensive to build and operate and can assist in the long term viability of the buildings.
Healthcare projects can attract people
I do a regular survey of my employees that work on healthcare projects and in that survey I ask people why they like working on healthcare projects. The vast majority answer, “because they’re working on projects that make a difference.”
Healthcare work is a specialty and people do it because they are passionate about working on something that helps others. One of the reasons we, as a company, began focusing on this sector was because we already had good experience that we sort of grew into over the years. By growing to be one of the top firms in the world for healthcare facility design we are in a better position to attract the best and the brightest in our industry. People that want to work on these types of projects for altruistic reasons are more likely to look for work with Stantec because they can do this type of work full time and be provided with a consistent stream of exciting projects.
What makes the healthcare sector an attractive one for Stantec is that it’s a market that offers our staff opportunities to work on rewarding projects and fill a need in the world that makes a difference to the communities where we work.
Related
The new
Laguna Honda Hospital that Stantec worked on was recently opened in San Francisco.
This video explains why the work we do in healthcare is so important.