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
Hospitals might be faced with a heavy financial burden if an upcoming lease accounting rule is passed.
Forming partnerships with insurance companies is somewhat new, but as more health systems are venturing into a teamwork role, impressive improvements are being seen.
The adage for success in the real estate business is: Location, Location, Location. A similar stream is identifiable for successful Hospitals: Physicians, Physicians, Physicians.
In a 5-4 decision the Supreme Court ruled in favor of healthcare reform marking a momentous occasion for Americans, hospitals, patients and all other parties in the healthcare continuum. However, now that reform has passed what will hospitals be doing differently that they previously hadn’t?
At the Interface Medical Office Conference, influential hospital executives stated that investing their capital in infrastructure needs and health information technology took priority over building new or renovating existing hospital ancillary facilities.
With a focus on value and clinical outcomes hospital executives are honing their efforts on projects that demonstrate a return on investment while better positioning their organization in the competitive marketplace.
I think it is a fair statement to say it’s a dynamic time to be in the healthcare industry. The Patient Protection and Affordable Care Act is already having a major impact this year, and in reality is changing much of the way hospitals deliver care.
In 2011, there was an 11% increase in the $205.6 billion healthcare merger, acquisition and takeover market compared to 2010. That’s more hospital mergers and acquisitions that any time in the last decade.
In this age, technology allows hospitals, outpatient facilities and other parties in the healthcare continuum to capture patient data from registration to diagnoses to post discharge helping reshape the way healthcare can be delivered.
Stark laws have been dominant in medical real estate for nearly 20 years, and continue to influence the relationship between medical facilities and medical practitioners.