Common Healthcare Construction Budgeting Pitfalls – and How to Avoid Them

Effective budgeting for healthcare construction projects involves understanding major and hidden expenses that can derail plans.

Key discussion points:

  • Key budget considerations at each project phase—from planning to the first patient day.
  • Commonly overlooked costs, such as transition planning consultants, move and installation resources, and staff overtime.
  • Cost areas: design and construction, medical equipment, technology, furniture, staffing, operations, regulatory compliance, and licensing.
  • How automation and communication tools can streamline processes and contribute to cost efficiency.

Speakers

Corey Gaarde
‍FHIMSS, CPHIM, Principal, Healthcare IT Advisory Services Project Executive, IMEG

Corey aligns healthcare IT with design and has over 20 years of experience as a biomedical engineer. He bridges technology, architecture, and clinical operations to innovate patient care.

John Stiles
Director of Space Planning, Ohio State University Wexner Medical Center

John Stiles is the Director of Space Planning at Ohio State University's Wexner Medical Center, with over 20 years of experience in healthcare facility planning and design. He specializes in master planning and inpatient facilities, contributing to major projects like the Inpatient Hospital at Ohio State.

Liz Callahan
Executive Director, City Of Hope

Liz Callahan has a background as a MEDEVAC pilot and healthcare operations leader. She has over 20 years of experience in healthcare operations, including building activations and transition strategies.

Tom Gaunt
CEO, FreightTrain, FitUp

Before joining FreightTrain, Tom served as President of Allen Interactions, focusing on innovative e-learning solutions. Tom also led global sales efforts at Rogue Wave.

Who Should Attend

Healthcare executives, planners, architects, construction managers, and anyone driving complex healthcare infrastructure initiatives.