iCREF

A real time, cloud-based data and analytics platform to help manage real estate assets and facilities

iCREF is a fully integrated platform that manages all aspects of your corporate real estate and facilities. From regulatory to engineering, green energy and tech to predictive maintenance and large capital projects. The data in our platform allows us to manage your real estate, while you manage your business.

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Capital Projects
Predictive Maintenance Work Orders
Regulatory Compliance
Real Estate Services
Lease Abstraction & Financial Management
Advanced Analytics

iCREF Product Portfolio

  • Project Scheduling
  • Project Budget
  • Auto Invoicing
  • Asset Lifecycle Management
  • CREF Scheduled Maintenance Library
  • Work Order Management
  • Regulatory Deficiencies
  • Regulatory Standards
  • Temperature, Air Pressure & Humidity Compliance
  • Asset Assessment & Analysis
  • Customized Solutions & Strategies
  • Deal Status and Transaction Management
  • Cost Reduction & Portfolio Optimization
  • FASB ASC 842 Compatible
  • Lease Abstraction
  • Lease Request Trends
  • Predictive Work Order Recommendations
  • Real Time Cashflow Projections

A Success Story: CREF helps largest for-profit health system transition to a single, compliant, scalable, and predictive work order management system

The Challenge

One of our clients, the largest for-profit health system with over 40 hospitals across the US, was using multiple systems to manage thousands of work orders on a yearly basis. Hospital staff was challenged with prioritizing and categorizing the work for preventative, corrective, and regulatory compliance needs.

Along with this, the health system spent over 60 hours every month to manually compile data from various systems to generate reports that were reactive and outdated.

The Solution

iCREF built standardized workflows for the health system to categorize, prioritize and automate the generation and completion of work orders with digital documentation and audit logs, per regulatory standards, to enable a constant state of readiness. This was done by linking regulatory standards to work orders that help prepare and plan for successful Joint Commission, CMS and DNV audits, and other jurisdictional inspections.

iCREF real-time reporting and analytics capabilities also reduced the manual effort to generate data and insights by 98%, resulting in annual internal savings of $301,000, which helped the hospital staff manage real estate assets and facilities more efficiently.

Our Value

Geospatially linked assets lead to more informed decisions.

The common link between all real estate & facilities services are the assets.  We define assets as any real, fixed, or moveable property owned by the client. From an asset as large as a campus to a piece of telemetry equipment, the asset is the nucleus that carries the most important data to all service lines.  Integrating asset data within the iCREF platform enables staff to share knowledge and work smarter. When opening a new work order in iCREF, by linking an asset you see the full picture in its lifecycle - maintenance records, feasibility studies, projects, regulatory deficiencies, energy consumption, and lease information.

Nothing’s Too Big or Too Small…

We’re able to concurrently manage thousands of complex healthcare-based projects at any give time.

Representative projects include:

  • Women’s services, facilities and expansions
  • Diagnostic imaging equipment
  • Substance abuse
  • Cath labs
  • Operating rooms
  • Patient bed expansions
  • ICUs
A near perfect track record for on-time and on-budget:
  • Prioritize cash flows
  • Deferred capital
  • Mental Health
See an Example of Strategic Planning and Campus Updates

Examples of strategic planning and campus updates

Scalable + Expertise

CREF if your scalable solution – whether as an extension of your facilities group across a large geographical footprint, or being able to assess early potential projects

  • 1000 projects managed at one time
  • 1 billion dollars worth of projects at any given time
  • Broad spectrum of complexity ranging from cosmetic upgrades to hybrid surgery suites
  • Full ground-up hospital construction
Testimonial
John Polanowicz

CREF has been instrumental in helping us manage our growth from 9 to 40 hospitals. They help us prioritize and manage capital requests, understand the complexities of our geographic footprint and our healthcare asset portfolio, and so this with a responsiveness that feels like we’re all one team.

John Polanowicz
Former Steward COO, Hospital President

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