Highlights from Hall Render’s Health Care Real Estate Executive Summit in early November are captured below. Providers big and small from across the country covered a multitude of challenges and opportunities at the event. Here’s a snapshot:
- Cost of Capital: A-rated hospital borrowing rates are currently hovering around their 30-year historical average, reminding us that rates were artificially low for over a decade. Despite this, capital availability remains scarce and cash is tight according to Becker’s summary.
- Nurse and Staff Safety: Hospital employee and nurse safety presents a heightened challenge for hospital executives in markets around the country. Safety threats are posed more by patients than other staff or external forces, speaking to an acute need for improved behavioral health solutions both inside and outside of the hospital walls. Read more from a recent Becker’s article.
- Behavioral Health: Less than 10% of U.S. health care spending is directed toward behavioral health solutions. Expanding access to behavioral health solutions is not isolated to just hospitals and communities – behavioral health solutions should be a nationwide input.
- Workforce Housing: Affordable workforce housing solutions might provide opportunities for developers to partner with hospitals in dense or urban settings. Hospital employee workforce housing remains a challenge across many states and systems. BJC HealthCare example is cited here.
- Space Utilization: Post-pandemic, hospitals and health systems are expanding the capture of space utilization data to better inform current and future clinical and administrative space needs.
- ASC and OP Expansion: Ambulatory surgery center expansions in dense markets require smart use of facility repurposing. Age of Plant for hospital infrastructure requires more robust outpatient service expansion into neighborhoods, as dense city hospitals are ever more land-locked.
- Value-Based Initiatives: Hospitals with robust internal payor solutions (health plans) have an ‘easier’ task of aligning value-based care strategies and solutions, in which certain real estate and clinical joint ventures play a key role.
At Hall Render and Hall Render Advisory Services, we have the experience to assist health care organizations in addressing all of these opportunities and challenges. Contact our skilled team of attorneys and advisors today to learn more.
If you have any questions, please contact:
- John Marshall at (317) 670-8527 or jmarshall@hallrenderas.com; or
- Your primary Hall Render Advisory Services contact.
Hall Render and Hall Render Advisory Services blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot—outside of an attorney-client relationship—answer specific questions that would be legal advice.
