Health Care Institute’s Midwest Healthcare Real Estate Event
Tuesday, April 25th from 7:45 a.m. to 3:30 p.m.
Jame Tyree Auditorium
353 N. Clark St., Chicago, IL 60654 Event Website
HSA PrimeCare EVP Robert Titzer will be a featured panelist at squarefootage.net and Health Care Institute’s Midwest Healthcare Real Estate 2017 event on Tuesday, April 25th. The event will occur at the James Tyree Auditorium in Chicago and is scheduled from 7:45 a.m. to 3:30 p.m. with opportunities for networking and panels of healthcare real estate experts discussing a variety of topics. Squarefootage.net expects over 100 attendees consisting of hospital and healthcare professionals, design/build service providers, and real estate developers and investors. Other featured panelists include Avison Young EVP Mark Johnson, JLL VP Frederic Lastar, Revista principal Mike Hargrave, Lillibridge EVP of asset management Jim Mendelson, Trexin senior principal Jeffrey Hill, and Trexin managing principal Jimmy Lee.
According to the squarefootage.net website, the morning session will be comprised of two panels examining political and financial realities of the healthcare marketplace and current market drivers. In the afternoon, attendees will enjoy four panels on topics such as healthcare real estate acquisitions for healthcare providers and how reduced reimbursements, consolidation, and new healthcare delivery models impact the economic success of a medical facility. The afternoon session will also include a roundtable examination of the interdependence of real estate, design, and construction featuring Titzer and two other healthcare real estate experts.
No one is better qualified to discuss the comprehensive healthcare real estate development process than HSA PrimeCare’s Robert Titzer, whose healthcare real estate expertise has served clients since the firm’s inception in 1996. HSA PrimeCare partners with the nation’s leading healthcare institutions to create development, project management, leasing, monetization, and property management real estate solutions that address the needs of today’s patients while satisfying the financial goals of the health care provider. A leading developer and manager of medical office buildings in the Midwest, HSA PrimeCare is responsible for a portfolio of health care properties in excess of one million square feet.
For more information or to register for the event, visit the Midwest Healthcare Real Estate 2017 event website.
In an article published today in REJournals.com, HSA PrimeCare President John Wilson explains how healthcare systems are working to improve the patient experience at new facilities as they continue to increase their ambulatory footprint.
John Wilson, President
“Outpatient facilities are fighting off any ideas of healthcare from yesteryear. Advancements in medical technology have allowed for technology-driven operations. And as the Affordable Care Act continues to drive consolidation amidst healthcare providers and insurance deductibles hit new levels, hospitals are constantly looking for opportunities to cut costs and improve efficiency,” Wilson said.
Wilson further describes how the shift to a patient-driven strategy has affected change in the development and operation of outpatient centers over the years.
“If you went back 20 or 30 years ago, medical office buildings were pretty generic,” he said. “You’re seeing more and more focus on the patient experience within the suite.”
In an article published in the November edition of Real Estate Forum Magazine, HSA PrimeCare senior vice president of acquisitions and development, Jon Boley, outlines the complexities of acquiring and renovating obsolete medical office buildings. Boley discusses the challenge of smaller floorplates, originally built to accommodate medical practices with one or two physicians and the changes in the strategic needs of today’s physician offices.
Jon E. Boley, SVP
“Consolidation of physicians over the past several years has increased demand for space suitable for the larger multi-specialty practices common today,” said Boley. “Owners and developers are constructing new buildings with larger floorplates, and on-campus medical space is being heavily renovated to fit the needs of today’s healthcare providers…”
Boley also explains the impact of the Affordable Care Act, which has shifted the focus of health care systems from a volume-based healthcare delivery model to a value-based model.
“In order to reduce costs and improve accessibility, health systems are moving more operations off campus to less expensive facilities that are closer to the patient. In some cases, health systems are backfilling vacancies in existing retail centers, many of which offer proximity to residential neighborhoods, as well as ample parking, flexible layouts… and high visibility.”