Asset Services Insights - Fall 2016 (External)

the ABC s of MOB s (...and other healthcare assets)

ASC, OIG, TJC, FSED, LTACH… What do these mean?

ASC: Ambulatory Surgery Centers can be found as tenants in MOBs or as stand-alone assets. These types of facilities are used for same-day surgeries and procedures such as colonoscopies and some orthopedic procedures. ASC tenants can include hospital departments, physician practices or joint ventures between the two and will include medical gases and anesthesiology capabilities. UCC: Urgent Care Centers are popping up everywhere, including in traditional shopping centers. These centers provide care for non-emergent conditions, such as colds, flu, sprains, and fractures. FSED: Free Standing Emergency Departments are essentially emergency rooms minus a hospital. These stand-alone ERs provide immediate care for life-threatening conditions and are licensed as emergency rooms. Patients are treated and stabilized in the FSED and then transported to the appropriate care facility for additional treatment or monitoring.

Healthcare real estate is full of acronyms. Some describe the types of tenants you might find within a medical office building. Others abbreviate regulations or regulatory bodies, and some are shorthand for the assets themselves. If all these acronyms spell confusion (and possibly a headache), here’s a primer to help you navigate the world of healthcare real estate. MOB: Medical office building, one of the core types of healthcare real estate assets, generally found on or near hospital campuses, though proximity to a hospital campus is not a requirement. Medical office buildings house physician practices, imaging (x-rays, CT scans) as well as other diagnostic tools and additional healthcare services required by patients.

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