Thursday, April 19th, 2012
As the dynamics of healthcare continue evolving, all parties involved from hospitals, to investors, to practitioners, will be better positioned to survive if they understand the trends taking place. Throughout 2012, around 6.3 million square feet of medical office space will be delivered according to Marcus and Millichap, a national commercial real estate firm. While [...]
Monday, April 16th, 2012
What are some of the biggest factors impacting the medical real estate market in 2012? I wanted to provide a year review of what I feel will be some of the biggest issues that will define the medical real estate market in 2012. In part 1 I’ll discuss how Medicare reimbursements, accountable care, and an [...]
Wednesday, March 14th, 2012
At a time when delivering high quality healthcare is a top priority for every hospital executive, physician-owned hospitals are having much difficulty gaining traction for future expansion and development in light of healthcare reform. Physician-owned hospitals are hospitals that have any physician with any type of ownership, and are known for top notch healthcare. In [...]
Wednesday, February 29th, 2012
What’s a progressively growing medical facility that stands to benefit health system and hospital executives, especially in response to healthcare reform? A satellite emergency department (ED). New hospital construction for this year revolves around lower-cost, community based facilities. As health systems are trending toward smaller, neighborhood based facilities, satellite emergency departments are popular buildings that [...]
Tuesday, February 21st, 2012
Healthcare reform is by far the most dissected, discussed and debated topic in the medical industry. Federally mandated healthcare legislation, and the yet to be determined detailed fine print, influences every decision a hospital executive considers on a daily basis. While some health systems are moving forward with planned projects, most hospital executives are planning [...]
Wednesday, February 15th, 2012
With hospital budgets relatively flat from last year for new construction, according to a Health Facilities Management/ASHE 2011 survey, healthcare reform is having a considerable impact on how hospitals are deciding to move forward with construction projects. Health and hospital systems are cautious and in a, “wait and see approach” with healthcare reform, but they aren’t backing [...]
Tuesday, January 24th, 2012
Hospitals spend $10 billion every year disposing of waste according to the American Hospital Association. As industries everywhere are “going green,” healthcare facilities are implementing green technology programs as well, and the applications can be overwhelming. Not only do sustainability initiatives help reduce hospitals’ carbon footprints, but also increase operational efficiency and promote the patient [...]
Monday, January 16th, 2012
With the growth of health-care spending declining significantly to 3.9% in 2010, according to federal analysts, the American people are not the only ones looking to cut back on the costs of health care. Hospitals, now more so than ever, are looking for new ways to save money as costs escalate and reimbursements dwindle. There [...]
Tuesday, January 10th, 2012
Healthcare is costly, especially on an inpatient basis, which is why it is not surprising that an established and growing trend has been the development of outpatient centers. According to a Healthcare Financial Management Association article, community hospitals gross outpatient revenues grew from 19 percent of all revenues to 38% of all revenues from 1987-2007. [...]
Monday, November 7th, 2011
Often called a recession resistant industry, medical real estate is doing well and experts concur that it will continue to blossom. Such lead authorities as Marcus & Millichap, which recently published their October medical real estate report, confirmed long term growth as healthcare employment rose (2.2%), medical office vacancy rates are down, a surge in [...]