JPS Health’s $1.2B expansion: 4 details

County commissioners heard construction proposals March 17 for Fort Worth, Texas-based JPS Health Network’s $1.2 billion capital project, the Fort Worth Star-Telegram reported March 17.

Advertisement

Four things to know:

1. The project includes four medical homes throughout the county for preventive care. It also entails a redesign of the main hospital and a behavioral health inpatient hospital.

2. The project will begin with the construction of a medical home. Commissioners heard four proposals March 17 on the construction of the first of the medical homes. These proposals will be rated and then consulted with hospital leaders to make a final decision.

3. A proposal will likely be chosen in April, and construction is expected to start later this year, according to the Star-Telegram. Timelines for completion varied by contractor.

4. The project is being financed by an $800 million bond, as well as another $400 million the hospital said it would fundraise.

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Capital

Advertisement

Comments are closed.