Practice Management
In a relatively down year in the single-tenant net lease medical sector, urgent care centers continue to pique more interest than other healthcare properties. (A net lease is one in which the tenant pays all expenses of the property—property taxes, common areas, building maintenance, and utilities—as if they owned it.) The Boulder Group, an investment real estate services firm, reports that in the third quarter of 2015 cap rates in the medical sector compressed, while …
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The national mainstream media are starting to take up the debate over when patients really need to go to the emergency room vs other settings like urgent care. US News & World Report just published a story by Elaine Cox, MD, that draws a parallel between the Twitter age, where people have gotten used to expressing themselves in 140 characters and feel they need immediate care for whatever ails them, and data showing that ED …
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A new study concludes that the healthcare marketplace is dictating a major renovation of primary care—and urgent care is both one of the causes and a potential beneficiary of the dramatic changes in the landscape. The report from PwC Health Industries’ Health Research Institute says rising costs and increased demand for primary care practitioners are forcing stakeholders to rethink their business models to unlock value. Simon Samaha, MD of PwC says the solution lies in …
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New state-specific data show a mix of obstacles to efficient, cost-effective care in the emergency room. One study shows that some EDs are diverting more patients than ever before due to overcrowding, while another finds hundreds of millions of dollars of waste in the emergency setting. Is it any wonder patients are turning to their local urgent care centers in droves? The Maryland Institute for Emergency Medical Services Systems reports that from 2013 to 2014, …
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Two weeks ago, we told you visits to urgent care centers were expected to approach 177 million visits this year. Now we learn those visits are fueling economic growth that will carry the urgent care market’s value to $30.5 billion by the end of 2020, according to Transparency Market Research (TMR), a global market intelligence company. TMR says urgent care’s typically lower cost vs the emergency room and growing number of locations make it an …
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