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
What is the most cost efficient method of expansion for a hospital: adding or renovating facilities? Return on investment is key to this question as hospital executives plan to add to their medical real estate portfolio or focus on enhancing their current assets.
Upgrading or replacing heating, ventilation and air conditioning (HVAC) systems is one of the most cited energy improvements hospital executives are implementing, 37% according to a Health Facilities Management 2011 survey.
An operating room (OR) that has medical imaging, catheter-based interventions and surgery may sound far fetched as these disciplines have traditionally been in separate spaces, but as hospitals are discovering new and more efficient methods and technologies of delivering patient care, they are bringing these processes together.
How can hospitals promote efficiency and high-quality results? Look at a Lean approach when designing a new hospital or redesigning an existing one.
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.
What are some of the biggest factors impacting the medical real estate market in 2012?
Hospitals and systems are at more financial risk than ever for care costs and quality due to the Affordable Care Act.
With Medicare spending an estimated $12 billion on avoidable readmissions, according to the Medicare Payment Advisory Commission, two new programs are being introduced to help curb these costly, unneeded expenditures while improving patients’ quality of care.
With the Centers for Medicare and Medicaid and Office of the National Coordinator recently releasing the proposed requirements for Stage 2 meaningful use and 2014 certification of electronic health records, hospital executives are looking for viable data storage options to meet their needs.
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.