Marcus & Millichap Webinar: Long-Term Future Bright for Medical Office Sector
The impact of the recent health crisis has seen a severe wave of job losses leading to a significant disruption to health insurance coverage. In addition, the shutdown of elective procedures and nonessential services forced many medical offices to stop seeing patients.
In April, outpatient hospital visits were down 64% according to research from Marcus & Millichap, and routine disease management and screenings fell by more than 65%.
“It’s really cut into the activity level for doctors and dentists as well as the entire medical industry,” said John Chang, senior vice president of research services at Marcus & Millichap, speaking during the firm’s June 3 webcast on the current outlook for the sector.