Hospital construction in New York City rose from $484.88 in 2019 to $540.45 in 2023. Inflationary pressures and the need for critical system upgrades have increased construction costs.
Houston is one of the more affordable major cities for hospital construction at $357.30 per square foot in 2023.
Building Design + Construction used data from Gordian’s RSMeans Online Building Models for the report.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
