Strategic real-estate planning can generate revenue.
Many healthcare organizations treat their real estate as liabilities rather than assets and overlook opportunities to generate significant additional revenue and reduce costs. An Ernst & Young Study found that to maximize the return on investment in their real-estate holdings, healthcare organizations need to include property management in their strategic plan, manage construction and expansion effectively, adapt and reuse their facilities where possible, and pursue innovative real-estate strategies. Managing real-estate assets effectively can free up capital to use for other core business needs.
Hayes
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Ernst & Young, Philadelphia, Pennsylvania, USA. daniel.hayes@ey.com
Hays
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D002201:Capital Expenditures; D003362:Cost-Benefit Analysis; D003659:Decision Making, Organizational; D005377:Financial Management, Hospital / Q000379:methods*; D006749:Hospital Design and Construction / Q000191:economics; D007449:Investments / Q000191:economics*; D007860:Leasing, Property / Q000191:economics; D011682:Purchasing, Hospital / Q000191:economics; D014481:United States