We have successfully navigated through multiple economic events and multiple iterations of healthcare delivery. When we started, national health expenditures were 6.9% of GDP and Senator Ted Kennedy proposed a single-payer plan that would be funded through taxes. The 80’s provided us with HMO’s, 20% interest rates, DRG’s, COBRA, Stark Law, HIPPAA and CHIP. Working through the 90’s and early 2000’s we experienced the dot-com crash, HSA‘s, Medicare Part D and the first FDA approved genetically targeted cancer therapies.
History
PMB and its predecessor company began in 1971 and has been in continuous operation since. We’ve developed over 100 healthcare projects and through this experience and commitment to improvement, we’ve seen a lot and learned even more.
2004 – 2010 was a grind through Electronic Health Records, ACO’s, the Great Recession and the Affordable Care Act. As we are nearing 2019 with healthcare spending rapidly approaching 20% of GDP, we are navigating through Medicaid expansion, healthcare consumerism, a resurgence towards managed care and scientific and technological advances such as genome editing, non-invasive diabetes monitoring and prosthetic brain systems.
We’re proud of our experience and our staying power. We are very intentionally structured to be agile and sustainable. Our absolute focus on doing the right thing and long-term partnerships will allow us to continue to lead the healthcare development industry into the future.
At PMB, our mission is to improve healthcare delivery, effect change and positively impact our communities. As a healthcare real estate developer, we can provide the infrastructure to cure disease, heal families, shape communities and empower the greatest minds in healthcare. It’s not a job to us. It’s a passion. When it’s a passion, it’s going to be successful because people who love what they do, do it well.
We believe in doing the right thing, every single time. We believe that commitment, collaboration, adaptability, integrity and trust are the foundation of successful projects. This requires an alignment of culture and people around a common objective. We believe in listening more than we speak. We’re not driven by a single project, but instead the benefits of earning long-term partnerships. We only succeed if our clients succeed and believe great expectations create great capabilities.
As your real estate partner, we understand the physical facility is simply the tangible product needed to implement a much broader strategy. Together we need to develop buildings that support a patient delivery model that maximizes efficiency, increases throughput, enhances both the patient and employee experience and is delivered in a cost-effective methodology.