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Impact of “game changing” affordable care act can be mitigated with preparation and focus
CHICAGO, Feb. 13, 2013 — With healthcare reform and the significant pressures it will place on volume, reimbursement and profitability on the horizon, Jones Lang LaSalle says hospitals and healthcare systems must evaluate internal structures to respond to the impact of imminent changes. The firm also outlined five considerations for hospitals to minimize reform’s financial and operational impact.
“The Affordable Care Act, and the various issues it touches, is substantially different from all of the previous issues the industry has faced,” said Sydney Scarborough, Managing Director of Jones Lang LaSalle’s Healthcare Solutions group in a video blog. “It requires a significant organizational restructuring to increase value and ensure profitability, let alone survival.”
In today’s healthcare environment, profitability is contingent on a platform that focuses on patient care and population health. Payment systems will provide incentives based on performance metrics that include reduced readmissions, favorable patient satisfaction scores and better overall outcomes.
According to a perspective paper produced by JLL’s Scarborough, there are five considerations hospitals should make to be truly prepared:
“A wait and see approach is a doomsday approach,” Scarborough said. “Those systems that are flexible and nimble will be able to adapt to the hurdles of healthcare reform.”
Jones Lang LaSalle’s Healthcare Solutions group works with hospitals and healthcare systems throughout the nation, delivering comprehensive inpatient and ambulatory facility management, strategic consulting, real estate capital advisory, program management, development, property management, transaction services, lease administration and energy/sustainability advisory services. Through its work, the Healthcare Solutions group connects healthcare business strategies to real estate solutions, driving efficiencies and enhancing quality. For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx
For information specific to healthcare, please go to: www.us.am.joneslanglasalle.com/healthcare.
For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. Bookmark it here: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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