Spending on healthcare accounts for close to 20% of America’s Gross Domestic. Healthcare is a critical part of any country’s economy. Despite the high costs, new programs have been designed to address the shortcomings of the system. One of the new developments that are rapidly catching on in the industry, is the adoption of the Ambulatory Care Service.
Among the advantages of Ambulatory Care Service, is it encourages collaboration and enhances cost reduction. Not only have these services increased accessibilities for patients in low-income communities, but is also helping to encourage economic growth in local communities.
Richard Rendina, CEO of Rendina Healthcare real estate is among those who have been a witness of the increase in the prevalence of Ambulatory facilities. Mr. Rendina has overseen the development of more than 7.5 million square foot of healthcare real estate. His company has been involved in the development of ambulatory centers in states such as Tennessee and Connecticut.
It has reduced the cost of health care and increasing accessibility through convenient services such as home care, telehealthcare, and 24/7 care. The lower cost and convenience of these services has made it possible for more people in the lower income groups, to access services that they would otherwise be out of reach for them.
The adoption of technological innovations has further enhanced efficiency and has made it possible for providers to offer high-quality care at a reasonable cost. Medical procedures that could only be carried out in hospital settings can now be done in Ambulatory facilities.
The Ambulatory Surgery Center Association released a study in 2016, that showed that $37 billion could be saved annually by directing money to these facilities rather than the hospital’s outpatient department. Other studies suggest that the proportion of surgical procedures carried out in hospital today is down to 47% from 90% in 1980.
ASCs are designed to promote a team-based approach that provides a continuum of care rather than the traditional transactional approach. Collaboration has been shown to enhance the recruitment process for physicians and boost job satisfaction. This collaborative approach is preferred by many physicians who benefit from the environment that enables specialists to work together to find a solution for patients.
Since ASCs enhances access, the demand for these services is increasing the number of real estate development for healthcare. Developers like Richard Rendina have been working with hospitals and providers to build Ambulatory Centers for the benefit of patients, providers, and hospitals.