When systems strategically manage their real estate assets, the power of the real estate portfolio is realized
We researched 40 of largest healthcare systems, which collectively account for over $140 billion in annual revenue. Our research indicated that eleven of the forty systems recently migrated away from functioning as disparate local operations to being part of a system-wide strategic real estate network.
On average, such shifts from local to system-wide planning results in the network balance sheets having a negative operating margin of 0.28 percent to recording a positive operating margin of 3.89 percent across the entire real estate portfolio.
In this age of health reform, one of the significant questions facing hospitals and health systems is how they can get their services closer to patients in an efficient way.
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Scot Latimer, a strategic asset planning expert in Jones Lang LaSalle's healthcare solutions suggests that hospital and healthcare system executives follow the lead of Corporate America and look at real estate as a strategic asset.
As the ways in which healthcare services are evolving, so are the means by which hospitals and healthcare systems are making decisions on where to locate their various services.
Optimize your hospital’s real estate to enhance operations and drive down costs, while continuing to deliver quality patient care.