Top Concerns for Healthcare Landlords: No Central Access to Data
Organizing your leases via spreadsheets may seem like a viable solution, especially if you only manage a handful of leases.
However, as your organization grows and changes, it becomes more challenging to manually manage dynamic processes, such as leases, in the healthcare space.
For one, manual tools make it difficult to automate many of the tasks that can easily be computed with software, for example, 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 are no checks and balances in place to ensure the data you're using is accurate and provides 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're able to adhere to key regulations, such as the Stark Law and the Anti-Kickback Statute.