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Joseph Simone of Simone Health Development Comments on Trends Transforming Healthcare

BRONX,NY (March 2021) — Joseph Simone of Simone Health Development recently participated as a panelist in a virtual forum featuring healthcare leaders discussing the state of the healthcare sector.

Simone, whose company is a leading developer of healthcare facilities, described how a consumer push to lower medical costs is causing a proliferation in out-patient services and medical procedures. An exploding aging population is also driving profound change. “Today there are 50 million people in the United States over the age of 65,” said Joe Simone. “In the next 10 years alone, the over 65 population is going to grow by 20 million people. We have to become more efficient and effective in treating this aging population,” he added.

He also discussed the trend toward the “bedless” hospital, such as the one that Simone Health built for Montefiore in the Bronx where a patient comes in for a procedure in the morning and leaves the same day. “The strides in technology and healthcare now require a lot less patient recovery time,” he noted.

Simone said that today’s most important technology trend is how Artificial intelligence (AI) will transform how healthcare is delivered. He said AI will help increase productivity and the efficiency of care delivery and allow healthcare systems to provide more and better care to more people.

Simone also said the huge growth under way in biotech and life sciences will have tremendous impact on healthcare. And he noted that outpatient and urgent care facilities will continue to grow and so will the use of telemedicine. “Today healthcare is technically sick care. It is not really healthcare because we are treating people who are ill. In the future we are going to have true healthcare which is preventive care and creating a plan for each individual patient’s needs,” he said.

The forum, which was held March 10, is part of series of State of the Economy programs presented by the Business Council of Westchester.



About Simone Health

Simone Health Medical Office Developers are full-service real estate investors specializing in the acquisition and development of office, retail, industrial and healthcare properties in the New York tristate area. Headquartered in the Bronx, the privately held company owns and manages more than 5 million square feet of property in the Bronx, Westchester County, Queens, Long Island, Connecticut and New Jersey. The company's portfolio includes more than 100 properties and ranges from multi-building office parks to retail and industrial space. The largest and most successful development from Simone Health is the 42-acre Hutchinson Metro Center office complex located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx. The first two phases of the complex, which comprise nearly 750,000 square feet of Class A office and medical space, are fully leased. Two additional phases totaling 650,000 square feet (370,000-square-foot Metro Center Atrium and 280,000-square-foot Tower Two), are completed and fully leased.



About Simone Development Companies
Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of office, retail, industrial and healthcare properties in the New York tristate area. Headquartered in the Bronx, the privately held company owns and manages more than 6 million square feet of property in the Bronx, Westchester County, Queens, Long Island, New Jersey and Connecticut. The company’s portfolio includes more than 100 properties and ranges from multibuilding office parks to retail and industrial space.
Joe Simone - President - Simone Development
Joe Simone, President, Simone Development
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