Asset Services Insights - Fall 2016

TJC: The Joint Commission, formerly known as the Joint Commission for the Accreditation of Hospital Organizations (JCAHO), is one of the primary regulatory bodies responsible for assuring that hospitals and healthcare systems meet legislative requirements for delivering care. TJC accreditation is comprehensive, and the agency’s reviews extend to the facilities where care is delivered, including MOBs. OIG: Office of the Inspector General (of the U.S. Department of Health and Human Services (DHHS), the agency that houses the Centers for Medicare and Medicaid (CMS)) includes the attorneys and legislative teams responsible for enforcing regulations associated with Medicare and Medicaid reimbursements, including assuring compliance with Anti-Kickback Statutes (AKS) and Stark legislation. LTACH: Long-Term Acute Care Hospitals are licensed hospitals designed and staffed to provide (as the name suggests) long- term acute care for patients who are very ill and require 24/7

access to physicians, nurses and other specialists. Patients are often discharged from Short-Term Acute Care Hospitals (STACH), the hospitals where patients go to have babies or be treated for appendectomies, heart attacks, and similar conditions, to LTACHs. Still feel like healthcare real estate is “alphabet soup?” For a more comprehensive and detailed list of healthcare real estate acronyms, and the assets, regulations, and tenancies they describe, please reach out to Cushman & Wakefield’s Healthcare Practice Group (you guessed it: HCPG) and connect with other Cushman & Wakefield asset services professionals and resources to help you speak the language of healthcare real estate.

LORIE DAMON Managing Director

Healthcare Practice Group lorie.damon@cushwake.com

ASSET SERVICES INSIGHTS | 37