Feature Story: Time for a new type of partnership?

HRE firms, health systems should share risks and rewards, Revista panel says

By John B. Mugford

The Revista “Health System Capital Strategies” panel discussion included (from left to right): Steven Stubbs of Adventist Health, Troy Freeman of Banner Health, Todd Lillibridge of TWL Enterprises LLC and Andrew Haslam of Providence Health & Services. Not pictured: Murray W. Wolf of HREI. (HREI™ photo)

As he listed the numerous financial difficulties facing health systems these days – noting that the costs of running a system have increased 20 percent since 2021 while reimbursements have not nearly maintained that pace – Troy Freeman had a question for the audience attending a panel session he was a part of.

“I think everyone in this room is aware of a lot of what’s driving that — it’s real estate, it’s supplies, it’s labor, it’s everything, right?” said the VP of real estate management with Phoenix-based Banner Health, which operates 30 hospitals and hundreds of outpatient locations.

“And when you mix that with fixed reimbursements, overall inflation, increased cost of debt, it makes it really difficult to run a health system.”

Then he asked the question of the audience:

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