James Ellis, CEO, Health Care Realty Development Company, is a nationally recognized successful real estate investor and developer of medical office properties with a comprehensive knowledge of sophisticated real estate transactions, cost effective designs, and efficient property management. Aaron Razavi is Associate Marketing Director at Health Care Realty Development.
James Ellis and Aaron Razavi
As hospitals and health clinics are striving to make their facilities more accessible, more personable, and more efficient, one health system is doing just that by taking a large source of stress out of the equation - the waiting room.
By a majority decision of 76%, a nine year renewal of a local property tax ensuring access to healthcare for the uninsured and underinsured was passed.
Did your family physician’s practice recently fall under the umbrella of a hospital or health system? It’s a growing strategy of hospitals to acquire community based private practices converting them to hospital employees.
I’ve been noticing two reoccurring themes in medical real estate: satellite care clinics and consolidation of health systems and physician practices. Both of these issues correlate with the unknown long term effects of healthcare reform as hospitals implement provisions and transform their organizations into more efficient care entities.
On average, lighting costs are 16% of hospitals total energy consumption; composing over 40% of a hospitals electricity usage. Two cost-saving techniques that hospital executives utilize are LED lights and harvesting natural light.
Medical real estate has been called a recession resistant industry and compared to commercial real estate, is faring better, especially in terms of vacancies.
I recently came across an interesting blog post from David Fried of Software Advice which was geared around making the most of patients’ time as they sat in doctors’ waiting rooms.
Every hospital executive wants to keep healthcare costs down which is why as hospitals are integrating provisions of healthcare reform into their care model, affiliating with and developing primary care clinics is of growing interest.
What are the top three concerns among hospital CEOs? Most people would feel confident saying patient safety and quality was a top concern; however it wasn't selected from among the list of categories.
As one of the fastest growing surgical segments, orthopedics is in great demand, specifically from an aging baby boomer generation, making orthopedic practices and orthopedic related medical real estate a growing interest to hospitals.