Published on: 1/16/2019
Ambulatory Surgery Centers: The Community Impact
The construction of a new medical office building, ambulatory surgery center, and wound care center provided additional space and services making Henderson Hospital and the Henderson Medical Plaza two of the most comprehensive facilities in Henderson. Residents of Henderson can now get the care and services they need right in their neighborhood without having to travel across the city. The developmental benefits provided by Henderson Medical Plaza is far-reaching, from providing accessible healthcare, advanced treatments, and supporting community health initiatives and strives to bring real value by enhancing the lives of those in the community. Medical care, chronic disease awareness, and community service are just a few of the ways having this facility return to the people they serve by the community's distinct needs.
Ambulatory surgery centers (ASCs), sometimes called surgicenters, are community- based health care facilities that offer patients the convenience of having surgeries and procedures administered safely outside the hospital setting. ASCs have shown an exceptional capacity to improve quality and customer service while concurrently lowering costs.
ASCs also contribute to the local property and income tax bases, provide services and grants to community charities and make significant contributions to their communities as family-friendly employers that offer excellent health/retirement benefits and flexible work schedules.
Current data reveals that two-thirds of the 2.5 million new jobs in health care were in ambulatory care environments. Health care jobs overall grew by 19%, with growth rates of 11% in hospitals, 12% in nursing and residential care, and 30% in ambulatory care settings and jobs in all other ambulatory settings grew by 34%. Jobs associated with ambulatory care delivered in hospital settings are counted as hospital jobs. Consequently, a large and quickly growing share of the hospital jobs is in ambulatory settings. Population aging will increasingly place an upward burden on the health care workforce as the baby boom population ages into their top years for health care demand.
The 2018 U.S. Medical Office Buildings report from CBRE noted the demand for health care services fueled the medical office market in 2018. Asking rents continued to rise throughout the year due to tight market conditions and the completion of new, high- quality space. The average asking rent increased by 1.4% year- over- year to $22.90 per sq. ft. in Q2 2018, the highest level on record. Rents rose in two- thirds of the markets tracked and were most active in some of the markets with the lowest vacancy rates. Las Vegas specifically saw a 16.2% vacancy rate in Q2 of 2018 with a general asking rent of $17.88 PSF with 68 medical office facilities under construction. Q2 2017- Q2 2018 had 181 net absorptions in the Las Vegas Market.
Health care employment growth continued to substantially outpace job growth due to the aging population and an increase in the insured population thus driving the need for medical spaces such as the Henderson Medical Plaza. This facility provides quality and meaningful care for the rapid population growth that the Las Vegas Valley is continuing to experience.