Posted on 08/11/2015

This blog post is the fourth in our series of blog posts highlighting the top concerns for healthcare landlords in today's market. Read our previous posts:

By Lora Mays, Product Marketing Manager

Organizing your leases via spreadsheets may seem like a viable solution, especially if you only manage a handful. However, as your organization grows and changes, it makes it more challenging to manually manage dynamic processes like leases in the healthcare space.

For one, manual tools make it difficult to automate many of the tasks that can easily be computed by software, such as monthly payments or common area maintenance and expenses. In addition, without central access to data, you don’t have insight into your lease terms and data from one central location. Pulling reports can take hours, or even days – and there’s no checks and balances in place to ensure that the data that you are using is accurate and providing a clear picture of reality.

Whether you manage 30 leases or more than 150, using a lease administration software solution for healthcare can help you streamline your lease management to improve your efficiency, as well as:

  • Centralize data: Consolidate all lease data in one centralized system to streamline day-to-day management of leases
  • Increase efficiency: Automate complex health scenarios for all leases to effectively evaluate leases and gain negotiation power at lease renewal
  • Eliminate payment mistakes: Cut costs across your lease portfolio by eliminating payment mistakes and overcharges
  • Report on all lease data: Gain insight to all lease data, ensuring Stark Law and regulatory compliance

As a result, you can streamline your lease management – getting you a seat at the table to discuss higher level strategic initiatives pertaining to your leases, as well as ensuring that you are able to adhere to key regulations, like Stark Law and the Anti-Kickback Statute.