Asset Services Insights

ASC, OIG, TJC, FSED, LTACH…

What do these mean?

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.

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.

the

ABC

s of

MOB

(...and other healthcare assets)