In recent years, changing industry dynamics have steadily squeezed operating margins for U.S. healthcare providers. The COVID-19 pandemic has only escalated these financial worries, resulting in an estimated loss of $323.1 billion for hospitals and health systems in 2020. In this fiscally challenging environment, reducing operating costs and adding top-line revenue is more critical than ever—and real estate and facilities should be part of the solution.
Harnessing real estate and facilities can directly boost operating margins, improve bond ratings and lower your borrowing costs. In addition, residual revenue generated from your real estate can become a significant contribution to excess margin, further strengthening your financial position.