In such an uncertain economy, is this a good time to build a new Wishard?
Now is a good time for Wishard to construct new facilities. Federal stimulus money is available to Wishard; interest rates are low; construction and commodities prices are low; and wage rates are down. Unfortunately, Wishard does not have the luxury to wait out the current economic challenges. Every year that the hospital delays the start of this project, the total cost of the new hospital increases by $53 million. In fact, the economic downturn is increasing the need for new, efficient facilities as Wishard’s patient mix changes and charity care demands increase as more people lose their jobs and homes. And with 25 percent of the construction labor force without work, building a new Wishard could also help the local economy by generating needed jobs. How will the new Wishard improve quality of care/outcomes for the hospital? Quality of care will improve across the board. New facilities will allow Wishard to better adhere to privacy regulations, eliminating the need for room-sharing an
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