Document Detail


Strategic real-estate planning can generate revenue.
MedLine Citation:
PMID:  11765635     Owner:  NLM     Status:  MEDLINE    
Abstract/OtherAbstract:
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.
Authors:
D Hayes; S Hays
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Publication Detail:
Type:  Journal Article    
Journal Detail:
Title:  Healthcare financial management : journal of the Healthcare Financial Management Association     Volume:  55     ISSN:  0735-0732     ISO Abbreviation:  Healthc Financ Manage     Publication Date:  2001 Dec 
Date Detail:
Created Date:  2001-12-18     Completed Date:  2002-01-03     Revised Date:  -    
Medline Journal Info:
Nlm Unique ID:  8215859     Medline TA:  Healthc Financ Manage     Country:  United States    
Other Details:
Languages:  eng     Pagination:  62-4     Citation Subset:  H    
Affiliation:
Ernst & Young, Philadelphia, Pennsylvania, USA. daniel.hayes@ey.com
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MeSH Terms
Descriptor/Qualifier:
Capital Expenditures*
Cost-Benefit Analysis
Decision Making, Organizational
Financial Management, Hospital / methods*
Hospital Design and Construction / economics
Investments / economics*
Leasing, Property / economics
Purchasing, Hospital / economics
United States

From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine


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