Children’s National to Suspend Certain Real Estate Projects
Children’s National Health System is reportedly losing around $1 million per day as the ongoing COVID-19 pandemic is lessening the number of overall patients visiting hospitals.
The hospital has announced plans to suspend or delay about three dozen capital projects because of the financial hit it has taken from COVID-19. Charles Weinstein, Children’s National Chief Real Estate and Facilities Officer, told media outlets that he is preparing for his capital budget to be significantly reduced next year and possibly the following year as well.
Several weeks ago, the hospital decided to continue construction on its largest project, the Research and Innovation Campus on a 12-acre portion of the former Walter Reed Army Medical Center in D.C. But, the hospital has taken a number of precautions with construction, including a reduction of the number of construction workers on-site, and checking temperatures of workers regularly.
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