Health systems had already allocated budgets and determined capital project priorities for 2020 when the COVID-19 pandemic disrupted the world. One survey of hospital administrators found between 5% to 100% of capital budgets were redirected to support pandemic efforts. Now healthcare leaders are faced with a backlog of capital projects, deep budgetary reductions, and a need to re-prioritize projects. In this session, a panel of healthcare leaders will share strategies and considerations for determining capital project priorities post-pandemic.
1. Describe the current state of capital projects and budgets.
2. Evaluate capital project priorities post-pandemic.
3. Outline creative methods to maximize project budgets.
4. Identify temporary solutions for lower priority projects.