© Copyright 2017 by MP Media, LLC
“This investment in behavioral health is
indicative & consistent with our vision for the
future. Behavioral health is an underserved
need in the community.”
- KIP EDWARDS
Banner will continue to invest in new construction such as the Scottsdale behavioral health hospital,
but also distribute dollars toward expanding and improving existing facilities as it has done infill and renovation at
Banner Del E. Webb Medical Center in Sun City West/Surprise and Banner Thunderbird Medical Center in Glendale.
Facilitating the ongoing expansion of their ecosystem depends on strict control of their capital and utilizing
a variety of means to raise funds. “We work hard to maintain our margin, because that is a
primary source for dollars,” Edwards says. “We also have philanthropy
through the Banner Foundation, as well as tax-free
bond financing mechanisms.”
immediate focus is on serving
their existing markets rather
than infiltrating new states.
“When completed, Banner
Behavioral Health Hospital in
Scottsdale will be the nicest
behavioral facility in the
Valley – if not one of the best
in the country,” Edwards says.
Of course, the hospital’s main goal is to help patients get well and their
main concern is patient safety. “The No. 1 priority here is keeping our
patients safe,” Beutin says. “There are a lot of different design elements from
fixtures and doors and other features that were all chosen intentionally with
safety in mind.”
Beutin notes that one of the challenges in constructing
a behavioral facility is the capital spend. “Because of this strong need to
ensure that patients cannot harm themselves, cost elements are far greater
than a traditional hospital.
In 2017, the expectation is for three of the
eventual four units in the hospital to come on-line with the fourth unit set
for 2018. “We will ultimately have about 120 new employees with 90 of
them being hired in 2017,” Beutin says.