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 higher bed capacities for those suffering. Unfortunately, those challenges have created more financial pressure on a system that was already incredibly taxed. In fact, a 2019 study by the American College of Healthcare Executives found financial challenges ranked the single largest concern in healthcare today, and that was well before the pandemic hit American hospitals and healthcare facilities.
The financial climate will remain a challenging place for both hospitals and physician groups, and it’s little wonder why. Many are facing inadequate and inefficient space concerns as well the pandemic, and that leads to financial complications that aren’t always easy to overcome. There are potential solutions, though, thanks to unique, out-of-the-box development strategy approaches from teams like Bremner Real Estate.
We’re Helping Healthcare Move Forward
No healthcare company knows what’s coming next, and to help build future-proof spaces, Bremner uses a client-focused approach with every project. The focus isn’t on healthcare or even real estate. Instead, the focus is singular – your people and your organization. We co-create the right solutions to meet your needs to offer you the optimized facilities you need to move forward. To that end, Bremner has developed a diverse strategy that allows every project to be successful. Dubbed SFD (short for Strategy, Financing, and Development), the end goal means more efficient facilities that effectively treat patients and help ease the financial burden so many are facing today.
A Closer Look at SFD
Working with Bremner means starting with operational strategy. The Bremner team has long based their efforts on a collaborative approach. Instead of simply being a client, you instantly become a strategic development partner. Thanks to decades of experience in the industry, Bremner already knows the system analytics behind healthcare real estate. What sets this initial step apart from others in that industry, though, is that Bremner looks deeper. Thanks to revealing dialogues with engaged leadership inside health systems, a circular view of what needs to come next is possible.
Strategy can only go so far. The cost of financing on the balance sheet or using Bremner’s development capital must enter the discussion at some point, and a combination of knowledge and experience guide the financing process when you work with Bremner. Deep relationships with public REITS and private capital executed over the past few decades have placed over $3B in assets into healthcare projects. Having Bremner be the owner/partner is both flexible and simple. With an offer of competitive access to capital that maintains operational flexibility, Bremner helps to ensure that any healthcare system facility’s resources are budget focused while continuing to be patient-focused.
Once the right financing structure is in place, the development can begin. Bremner offers turnkey services to make that happen. From the initial demand studies to design and construction, the Bremner way is an integrated process that maximizes project speed and financing. Bremner has partnered with the top architectural and engineering firms across the United States, and their outcomes-focused approach is innovative and delivers on operational performance.
To Bremner, you’re more than just a client, you’re our partner, and it’s a relationship that means overcoming one of the most difficult issues in healthcare today. To learn more, please visit www.bremnerrealestate.com.
