MOB Developers Focus on Cost Containment

DALLAS-Although there’s a perception that physicians are rolling in dough and have no trouble paying hefty rents for luxurious medical office space, that’s not the reality today. In fact, most physicians are dealing with declining reimbursements from both Medicare and Medicaid, which makes cost containment a priority for both the healthcare community and the developers who serve it.

“We’re seeing more modular development because it’s easy and fast,” said Todd Lillibridge, executive vice president of medical office properties for Ventas Inc. and CEO of Lillibridge Healthcare Services. “Modular design is efficient and cost effective.”