As they look to cut costs, many hospitals have divested assets such as medical office buildings and parking decks and some are considering sale or lease-back of hospital facilities. This session explores ways to reduce costs through innovative real estate and property management while complying with anti-kickback laws. The presenters will discuss how to use techniques such as resourcing of services, asset monetization, automated metering and cost allocation, and district energy concession arrangements to reduce the health facility cost structure.
This session will enable attendees to:
Explain the basic principles of the Stark Law and the anti-kickback statute as they apply to medical office buildings.
Compare and evaluate the benefits of alternative facility arrangements, including ownership, leases, and condominium real estate arrangements.
Allocate the costs of district energy system operations among multiple facilities using rates based on cost-of-service and designed to prevent subsidization.
Explain the basic principles of asset monetization and district energy system concession arrangements.
Area Vice President,
Medxcel (Ascension Health Subsidary)