Model future operations; integrate with project financial model
Monitor cost development to prevent scope creep
Certificate of Need and regulatory assistance where applicable
Owner’s rep services, assuring accountability for Owner
Contract negotiation and implementation, aligning incentives for project team
Learn more:
MPA staff have planned, developed, financed, and/or coordinated over $350 million in successful healthcare construction projects.
Many health care facilities are reaching or surpassing their useful lives. Alternative methods of delivery and shifts in the demand for health care services make it difficult, if not impossible, to compete in today’s marketplace with out-dated equipment and buildings. Capital investment in renovation or new/replacement construction may be needed to stay in business.
A successful project depends on a comprehensive program. Such a program includes not only service offerings and space needs, but also a detailed budget and a business plan that determines financial feasibility. With the proper planning and market positioning, a project can generate enough revenue to cover operating expenses and the new debt service payments.
MPA's methodology emphasizes:
Understanding and delineating of changes in the demand for health care services in the provider service area
Specification of the issues, variables and assumptions needed to develop a business plan and integrate it within the project/construction budget and project mission
Early integration of the professionals – architect, consulting engineers, construction manager, project coordinator – necessary to develop a business plan and a project/construction budget
Updating the financial model frequently to assure the project remains within its feasibility parameters.
Sample Projects
DeKalb County, Illinois, Dekalb County Rehab & Nursing Center (replace 194 skilled beds), 1999
Monroe County, Illinois, Oak Hill (replace 130 skilled nursing beds), 2006
Waterloo, Illinois, Magnolia Terrace (construct 50 supportive living units), 2006
Peoria County, Illinois, Heddington Oaks Nursing Home (close 300 skilled beds; replace with 214 skilled beds), 2013
DeKalb County, Illinois, Dekalb County Rehab & Nursing Center (Transitional Care Addition and facility renovations), completion scheduled for 2019
MPA can help
For more information, contact: Scott T. Gima COO and Executive VP Compliance and Management
314.635.0142
MPA continually assessed the sustainability of our project. Their financial model and realistic assumptions allowed us to test our objectives and strategically reposition our operation.
—Barry Burton County Administrator Lake County, Illinois
