Strategy Matters
PROJECT READINESS: STRATEGY
Every project begins with understanding the aim of the provider.
- Clearly understand the life cycle of the specialty.
- Determine the current space challenges.
- Understand the demand of the practice.
- Clarify existing real estate liabilities.
- Develop a long-term growth plan.
SYNTHESIZE THE FACTS: DEVELOPMENT
Understanding the site characteristics early is critical to the success of every project.
- Site selection & feasibility analysis
- Due diligence and soil investigation
- Market study
- Site acquisition
- Land entitlements
- Traffic impact studies
- Schematic design narrative
- Conceptual construction budgeting
- Project sequencing and scheduling
THINK WELL: FACILITY PLANNING & DESIGN
Envisioning the future by linking the purpose of the project to its strategy.
- Connecting business administration, architecture, and behavioral science
- Considering access, air, water, light, fitness, comfort, and sustainability
- Community engagement and transportation matters
- Capacity to serve more patients, eliminate waste, and reduce costs
- Holistic planning ideas that impact physical, mental, and social well-being
MITIGATE THE RISK: OWNERSHIP & FINANCE
Physician ownership, off-balance sheet financing, and other strategic finance options.
- Ownership structures that yield the best results
- Asset conversion programs to free up capital
- Provider focus on the core mission of patient care
- Long-term real estate partner
- Ownership based on pro rata share of the building
MANAGE BY FACT: PROJECT MANAGEMENT
Proactively managing the overall project delivery through our “Group Guidance Model” is how we get the job done.
- Conduct thorough contract risk analysis
- Clearly identify contractor-provided items vs. owner items
- Mitigate disruption of existing client operations
- Communicate the goals of the project to the full team
- Measure the results regularly, analyze them, and make adjustments
- Track “Critical Path Method” of the project schedule
SUSTAINABILITY: ASSET MANAGEMENT
Long-term sustainability and improved return on investment.
- Cash flow analysis and financial modeling
- Formulate sale and lease recommendations
- Develop long-term lease strategies
- Conduct risk analysis
- Implement expansion and renovation projects
