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ASSET SERVICES INSIGHTS | 31
LORIE DAMON
Managing Director
Healthcare Practice Group
lorie.damon@cushwake.comTJC:
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.