Health systems are expanding into Florida and other Sun Belt markets, chasing population growth and the patients who have relocated there. At the same time, a growing share of wealthy retirees are anchoring themselves to health systems by purchasing second homes near their longtime physicians in major cities. The trend, which The Wall Street Journal recently dubbed the “med-à-terre,” has surfaced in markets including New York City and Rochester, Minn., where patients maintain ties to institutions like Mayo Clinic even after relocating. Unlike a traditional “pied-à-terre,” a home kept near a city for business or leisure, the med-à-terre is organized around access to specialized care.
Read the full article: ‘Snowbirds’ and ‘Med-à-Terres’: The Market Behaviors Shaping Systems’ Growth Decisions //
Source: https://www.beckershospitalreview.com/strategy/snowbirds-and-med-a-terres-the-market-behaviors-shaping-systems-growth-decisions/