Five Real Estate Questions Healthcare Professionals Should Be Asking
Healthcare real estate is a fast-paced dynamic world; a strong real estate portfolio is critical in empowering systems and physician groups to achieve the “Holy Trinity” of healthcare. Quality of care, convenience, and cost-effectiveness. Outdated spaces, on the other hand, are a drain on all three, and operational and profitability challenges impact your ability to deliver the exceptional standard of care to which you hold yourself. When investigating opportunities, it is essential to ask some tough questions and dig deep into your current assets, as well as your future goals. Here are five healthcare real estate questions (and a bonus “big” question!) to ask as you start the process: Do our existing real estate assets provide our community with a top-rated healthcare experience? Healthcare providers and systems need to take an unflinching look at their existing portfolio. Is it meeting their needs? More importantly, is it meeting the needs of those they serve? If not, dig deeper: Why? What’s wrong, and how can we fix it? There are a number of red flags that indicate a portfolio is not conducive to providing [...]