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
While construction projects are affected by the rising prices in supplies, it will lead to engineers and architects finding more efficient building techniques. This applies especially to healthcare construction projects.
The probability of developing cancer in someone’s lifetime in the United States is 44% for men and 38% for women according to the American Cancer Society. The healthcare industry is well aware of this disease wave and as a result healthcare systems are developing more space to treat the flow of patients needing treatment.
Emergency rooms are well known for being stress filled, and with the average wait time to see a doctor around an hour according to a 2008 National Health Statistics Report, it is no surprise that patients suffering from any kind of symptoms find the wait difficult.
Do you know how high the difference can be for an insurance company covering to treat a patient with strep throat in a hospital emergency department versus an urgent care center?
Medical real estate continues to stay healthy as healthcare demographic and financial markets remain favorable.
There has been much buzz around new forms of healthcare delivery that can address the impacts of health reform. Two such models are the ACO, which has been much discussed, and a similar concept, the HIZ or Healthcare Innovation Zone.
Hospitals and physician clinics continue to adopt electronic health records (EHRs) at a growing rate. An American Hospital Association (AHA) study found that 81% of hospitals plan to implement EHRs to achieve meaningful use so that they may become eligible for incentive payments.
As the average wait-time to see a family doctor in this country falls to just under three weeks, according to a survey by Merritt Hawkins, a medical consultancy, and the number of doctors leaving the field continues to grow, hospitals need to find solutions addressing the increased demand for care.
Nationally acclaimed environmentally innovative medical facilities and their forward thinking executives deserve recognition for their specific advancements in our industry. Professionals in medical real estate need to align symbiotic strategies reflecting sound development models with "green" practices and theories.
Thirty-one percent of companies employing 500 or more people had on-site clinics according to a 2011 survey by Mercer, a human resources consultant.