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 Outdated spaces, on the other hand, are a drain on all three, and operational and profitability challenges impact your ability to deliver the exceptional standard of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 [...]

One of the largest problems within the delivery of healthcare is aging infrastructure and the buildings themselves fail patients and providers alike. Whether they create compliance issues, simply underperform because of lacking space and equipment, or are in the wrong location, they are a real problem that has only been further exposed by the COVID-19 pandemic. Aging infrastructure has made it tough to find enough dedicated facilities in hospitals for COVID-19 care, so many patients flood emergency rooms each day, potentially exacerbating the spread of the virus. COVID-19 has also shown a real demand for additional outpatient facilities to treat affected individuals. The reality is that often new facilities could position entire health systems for better patient care in terms of COVID-19 or the next health pandemic to face people. The Reality of COVID-19 Few responses to the COVID-19 pandemic have been as heroic as those mounted by hospitals and healthcare facilities across the United States. As outbreaks continue to happen, hospitals and health systems have increased testing efforts, worked with what they had to create treatment spaces, and fought to provide [...]