According to the American Hospital Association, the COVID-19 pandemic has resulted in an estimated loss of $323.1 billion for hospitals and health systems in 2020. And if infection rates continue to surge, it could end up being much more. By implementing a thoughtful approach to your real estate and facilities, you can start reducing costs and recapturing revenue. For example, effective portfolio optimization can reduce real estate costs from 10% to 30%. The key is to move quickly and strategically.
Below are ways to leverage your real estate in new ways to generate top-line revenue and restore financial stability.
15 Strategies to help your healthcare organization thrive
Click on a title below to learn more about each cost savings opportunity and the time frame to realize savings:
Download our comprehensive guidebook, 15 real estate strategies that boost healthcare margins, for an in-depth look into how you can reduce costs, recapture revenue and thrive.