Our Core Mission: Bringing Life to Healthcare Facilities
HealthSettings Network Inc was founded in 1996, and has evolved around the central concept of working as a "network" of self-selected, independent companies that have joined together by choice into a cohesive Team, bound by a shared mission to serve as an "agent" developer for its hospital, institutional and physician clients. This Development Team can provide the complete menu of consulting and development needs. Made up of independent companies, our Network Team has natural checks and balances that support the "partnership" that is a key to the Team's relationship with its clients. Our unique business model prevents the familiar picture of development for the benefit of the developer.
HealthSettings Network Inc (HSN) was created to meet a changing and pervasive need in the healthcare industry. Specifically, solutions include the acquisition or development and construction of ambulatory surgery centers, medical office buildings, imaging centers and long-term care facilities with funding and ownership options that provide for physician or third-party ownership and independent financing. The HSN Team also specializes in tax-exempt solutions for new and replacement hospitals.
The core mission of HSN is to serve as our client’s “agency” development arm and to provide its client with a seamless menu of services necessary to plan, design, fund and construct their healthcare facility. From start to finish, we remain the project's single-point-of-responsibility, including new practice setup, property management and investor relations. All operating divisions provide solutions to typical client issues, and support our core mission.
Uniformly and increasingly, hospitals have moved away from the use of their own assets to finance real estate and capital projects, choosing instead to channel their resources into the support of staff, research and equipment. Also, private physicians who have targeted facility ownership as a viable additional revenue stream may not want to be distracted with the rigors of facility development and management. HSN recognizes these trends and has fashioned a flexible business model in response. For example, we encourage our clients (institutional, hospital and physician) to participate in the project's ownership, and in so doing, we provide alternative third-party solutions, often unpopular with traditional developers, that help our clients better meet the objectives of their own business plans.
Throughout the entire process, from business planning to facility design, as well as funding, construction, and property management, HealthSettings remains the single-point-of-responsibility.
HSN has five operating groups to support the company's core mission:
FACILITY DEVELOPMENT - By serving as our client's extended (and temporary) facilities staff, HSN provides turnkey development management services for a range of healthcare facilities including hospitals, ambulatory surgery centers, medical office buildings, wellness centers, imaging centers, medical and biotech research facilities, urgent care centers, long-term care and related senior living facilities. (click here for more information)
CONSULTING - When management is faced with decisions about facility expansion or major capital modification, comprehensive information is needed to make the necessary choices. HealthSettings and its seasoned Network 'partners' have the tools and first-hand experience to provide its client’s with a thorough analysis of such matters as:
- The unique demographics of the chosen service area
- Epidemiological considerations in the area
- Building cost and design analysis of construction peculiar to the subject area
- Proprietary financial modeling of the prospective facility
- Projected rent (or cost of capital)
- Operating cost analysis
- Risk analysis of the project
- Medical Campus Master Planning
- Business Planning
- Physician Practice Development, start-up and management services
All of the senior principals and Network 'partners' are experienced, senior managers and executives in their respective fields. Many have served as CEOs, CFOs and COOs in hospitals, banks, corporations, universities and government, so their experience relates directly to the decisions facing our clients.
FACILITIES PROJECT MANAGEMENT – Regardless of your new facilities' ownership structure, building a Class A facility takes attention to detail, knowledge of the construction industry and significant time away from your "everyday" job. HealthSettings Network can provide project management for your facility construction project, of any size. Think of us as a high level, flexible part of your direct staff – working for you to make sure the job is done on time and within budget. The scope of our project management assignments can be scaled to your needs.
We take pride in bringing value to every job. We actively manage a project to minimize redundant efforts across the team, we excel at communications, we understand construction, which allows us to be your eyes, ears and voice in a project. We believe that our active management and strong communication processes result in more accurate budgeting, contingency planning and schedule predictions to better avoid change orders and delays. This greatly impacts the overall project from beginning to end.
We represent you as a single, central, informed, empowered, involved project manager with responsibility to oversee all aspects of the project. Our services provide a filter for daily inconsequential details, allowing you to focus on the demands and activities of carrying out your core responsibilities. We provide:
- Expert representation exclusively on behalf of your interests
- A single point of contact for all project matters
- A single consistent source for all project information and communications
- A dedicated project advocate focused to complete your project accurately, on schedule and on budget.
PROPERTY MANAGEMENT - To underscore its commitment to each project, HSN remains involved long after the tenants take possession of the premises. We administer the maintenance and repair of the physical plant and grounds and thereby help ensure the property is maintained in a first-class manner. In addition, to help promote the long-term stability of the project and to preserve the integrity of our investors' interests, we provide ongoing administrative management including rent collection, accounting, investor distributions, and other financial responsibilities.
ACQUISITIONS - Across the Country, many hospital systems are experiencing dwindling cash reserves, and recent events in the US capital markets have made this situation much more unpredictable. Meanwhile, the need within the health care community for easily accessible ambulatory facilities is growing at an unprecedented rate. In cases where hospitals already own these facilities, HealthSettings can model the effects of acquiring facilities from hospitals, then master-leasing that facility back to the hospital, thus freeing cash for investment in key staff, state-of-the-art equipment, and other, more pressing needs that serve the institution’s core mission to patient care. HealthSettings has the financial resources available to work with you to arrange the necessary transfer of ownership. We have the infrastructure and personnel to manage both the administrative and the physical maintenance of your ambulatory facilities throughout this seamless transition.