Many capital construction projects were delayed, halted, or shelved as the COVID-19 pandemic impacted healthcare. One survey of hospital administrators found 80% of the respondents had a portion of the 2020 capital budgets divert toward COVID-19 spending. The pandemic has also redefined project priorities and strategic plans. In this session, a panel of healthcare executives will offer their insights into reallocating project funding, restarting stalled projects, and creative methods to close the funding gap.
1. Identify key factors to consider when reallocating construction project funding.
2. Analyze measures to minimize delays and additional expenses when restarting capital construction projects.
3. Outline creative methods to close the funding gap.
4. Describe communication strategies to advocate for capital construction projects post-pandemic.