Friday, October 18, 2013
With 2.7 of its 10 million residents currently lacking health insurance – the highest percentage in the State - Los Angeles County stands to benefit greatly from implementation of the Affordable Care Act (ACA) passed by Congress in 2010. On October 1st, new “marketplaces” will start selling subsidized health insurance policies; in 2014, all Americans must obtain insurance or pay a penalty.
Already, the ACA is reshaping the built environment in Southern California, from the expansion of hospital campuses to the opening of neighborhood bodega clinicas, as providers and insurers seek to adapt to complex changes required by the law. Many doctors are moving away from solo or small practices and joining larger practices affiliated with local hospitals such as UCLA and USC.
How will the forces of consolidation in the health care industry affect real estate development? How are property owners and developers who provide space for the delivery of healthcare services responding to the ACA? Will the growing ranks of the newly insured drive demand for new medical office space in Los Angeles County?
Moderator
Michael Kim, AIA, ACHA, LEED AP- Principal, Pacific West Practice Leader Healthcare Group, HKS Architects
Panelists
Zeke Triana, Director Facilities Design and Construction, Cedars-Sinai Medical Center
Steve Jones, Chairman and CEO, Snyder Langston and Vice Chairman of Board Covenant Health Network
Michael Gritters, Executive Vice President, Healthcare Services McCarthy Building Company
Bill Eveloff, AIA, Vice President Design Petra, ICS (spin off of St. Joseph’s Health)
