REAL ESTATE FIRMS CAN PROVIDE CREATIVITY AND CAPITAL, HEALTH EXECS SAY
By Murray W. Wolf
Providers are placing a greater emphasis on partnerships, according to Mike Boguszewski of Park Nicollet Health Services (far right), who spoke at a recent conference in the Minneapolis area. Also pictured (from left to right) Brian Rice of Allina Health System, Perry Hanson of Wipfli and Andy Cochrane of North Memorial Healthcare.
HREI™ photo
For a snapshot of what is happening in the healthcare industry and healthcare real estate these days, focus your lens on North Memorial Health Care in Robbinsdale, Minn. The independent, not-for-profit system in the north Minneapolis suburbs perhaps exemplifies much of what has been occurring at health systems nationwide.
During the 2007-09 recession, it wasn’t a pretty picture for North Memorial. Patient volumes dropped. Uncompensated care increased. The system’s payroll was reduced through layoffs and reduced hours
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