Most hospitals or physician practices do not have a dedicated real estate department, so real estate operations often become a “side job” for the leadership team. They wonder, “How can we save money?” or “How can we be more efficient?” They know there are cost-saving opportunities within the operational aspects of their healthcare facilities but are unsure how best to identify them.
Realty Trust Group (RTG) identifies these opportunities for cost savings and improved performance with a clear understanding of healthcare real estate operations and the regulatory environment. In this competitive era of healthcare reform, hospitals, medical office buildings, and other ancillary facilities must be positioned as strategic assets and managed for optimal operational advantage. RTG’s approach to real estate operations involves a broader view of the strategic plan for one or more assets, market position, capital and financing strategies, and partnership management.
With operational services ranging from property and asset management, lease administration, full-service property accounting, and regulatory compliance management, RTG offers operational support that serves all parties — owners, physicians, tenants, and, most importantly, patients.
With so much data floating around, how do you make sense of it all? Knowledge is power and this is especially true when it comes to effectively managing a large, dynamic real estate portfolio. Spreadsheets can certainly be valuable tools for portfolio tracking, but an integrated portfolio database platform can streamline tracking and reporting functions. If you are not already using real estate portfolio data to help guide your overall strategy, you should be.
In the ever-growing competitive healthcare landscape, health systems, physician practices, and other providers are constantly challenged to operate more efficiently. A holistic approach to real estate portfolio management can enable strategic alignment, enhance service delivery, improve patient and provider relationships, and offer a significant competitive advantage.
This white paper explores the distinction between traditional property management and comprehensive real estate portfolio management and the potential benefits that may be realized when healthcare providers successfully implement these strategies.
Using the tools and systems mentioned in the preceding briefing, a medical office building owner or landlord will realize improved net operating income as revenue grows and expenses shrink.
This Best Practices Briefing discusses several ways these tools can improve monetization efforts.
when working on all real estate matters. We know and have talked to some healthcare real estate firms others that are good, but they may not have the breadth that RTG has. It would be a learning curve for a new firm to get to know us. RTG knows Northside and the way we want things delivered.