Bisnow Healthcare Summit: Part Two
From Obamacare to healthcare overhaul, there is a lot impacting commercial real estate. For continuing coverage of Bisnow's fourth annual DFW Healthcare Real Estate Summit (part one here), we snapped Parkland Health & Hospital Services SVP Walter Jones, Forest Park Medical Center chief medical officer Dr. Robert Wyatt, Methodist Health System CEO Stephen Mansfield, Baylor University Medical Center COO Doug Lawson, and our moderator, Winstead shareholder Andy Dow. Andy, who heads the healthcare practice, tells us he's been working in a variety of areas, from physician alignment to monetization of properties.
Robert (right, with Balfour Beatty Construction’s Peter Read) says Forest Park chooses not to own its real estate; it’s an expertise question and the medical center prefers real estate experts handle that. With the new healthcare exchanges, he says many physicians are uncertain about which plans they’re on. (In the end, it'll be the paperwork that kills us all.) In the past, they signed contracts with particular health insurance carriers. Not any more, he says: They now get notified if they’re on a plan or not.
Walter (pictured on the projection screen with his little brother in Philly) says working in the healthcare field still has him making that face more often than most people would imagine. Parkland staff is getting ready to occupy its new hospital in summer 2015. As one of the largest healthcare projects in the country—865 beds—the hospital system still doesn’t know how the healthcare reimbursements will shake out. “When we began our replacement project four years ago, there were multiple versions of the ACA, and we questioned spending $1B not knowing what the future landscape was going to be,” he says. But hospital leaders decided to move forward to serve the growing population's needs.
Stephen’s mantra: expand Medicaid in Texas. He says the state is sending money to DC instead of keeping it local to take care of its own. (If you're gonna send money to DC, you might as well just light it on fire.) He says the transition of medical providers moving from fee-for-service to a system with a value orientation is like changing the wheels on a locomotive while it’s running at full speed. The concept of population health has consumed his staff in determining how to reconfigure a health system to maximize care of people by keeping them out of the hospital.
We also snapped event sponsors Neal Richards Group chief investment officer Harry Lake and Chicago Title’s Clarke Pulliam and Holden Heil. Clarke is the newest member of the Chicago Title team as general counsel and underwriter, making the move from Jackson-Walker.
Here’s event sponsor bankSNB’s Kelly Strander, Rex Yarborough, Kellie Davidson, Pete Thompson, and Derek Zelazny. Rex tells us the 100-year-old financial institution has focused on healthcare for more than 40 years. It has offices in Dallas, Austin, San Antonio, Oklahoma City, Tulsa, and Wichita.
Event sponsor DPR Construction’s David Boroughs (center with DPR colleagues) tells us the firm is known for its integrated product delivery and collaboration with its partners and clients. Serving Texas with offices in Dallas, Houston, and Austin, DPR is involved with multiple projects including the renovation of the nephrology clinic at Children’s Medical Center in Dallas. Wanna see who else was at the event? Check out our event photo gallery.