Operations
Healthcare Real Estate Operations Services
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.
Healthcare Operations
- Property Audits & Controls
- Client Care/Tenant Satisfaction
- Cost Containment
- Vendor Management
- Facilities/Engineering
Financial Management
- Property Accounting
- Budgeting
- Financial Reporting
- Expense Reconciliations
- Cash & Partnership Management
Technology Solutions
- RTG PinPoint – Dashboard Analytics
- RTG DataBridge – Software Integration
- Operating Cost Management System
- Cloud Based Software Solutions
Lease Administration
- Portfolio Data & Risk Visibility
- Critical Data Monitoring
- Compliant Lessee Accounting
- Tenant COI Tracking
Healthcare Operations Thought Leadership
White paper: Healthcare Real Estate Portfolio Management
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.
BEST PRACTICE: THE IMPORTANCE OF A STRONG LEASE ADMINISTRATION PROGRAM IN HEALTHCARE REAL ESTATE
In most healthcare leasing transactions, tremendous emphasis is placed on the delicate balance of strategy, economics, and regulatory compliance. Transaction closing is often viewed as the finish line, but once the transaction is papered and closed, those efforts must be carried forward and implemented on an ongoing lease administration basis.
Download RTG’s Best Practices briefing to gain insights into key components of a comprehensive lease administration platform.
White paper: Drive Energy and Cost Savings with Smart Hospital Technology
To improve energy efficiency and keep facilities running smoothly, healthcare leaders and facilities engineers need real-time insights into utilization patterns across their entire enterprise.
Intuitive MB’s smart hospital technology gives facilities teams the data they need to predict, plan, and put actions in place for more efficient energy consumption and asset maintenance. By capturing usage data from multiple sensors and devices, this equipment-agnostic tool helps users optimize resource utilization without compromising services.
This white paper explores how this cloud-based technology and real-time data are helping healthcare facilities save energy, maintenance, and capital costs through sustainable energy consumption.
What Our Clients Say
Healthcare planning and real estate go hand in hand these days, it’s all integrated, and RTG is my “right hand person”
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.
— Scott Wade, VP of Strategy and Real Estate, Northside Hospital Healthcare System
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