The Cost of Time
More than an inconvenince and a distraction from other responsibilities, design and construction projects cost organizations a lot of money. Apart from the easy to track A/E fees and construction costs, there are the more difficult to pin-down expenses.
Childrens Hospital in St. Louis estimates that the profit per patient day in their NICU is over $1,000.
A fast-track installation of a new MR allowed the facility to open months earlier, generating thousands of dollars of revenue every day of operation.
The number-crunchers can help you determine the financial benefits of an early opening offset the additional costs associated with fast-track design & construction. Generally speaking, design fees will be higher for fast-track projects. Construction costs vary widely and will be as dependant upon the relationships - among hospital, design team, contractor - as they will be dependant on the time table for completion.