Advocate Health Market Research Report

Company Overview

• Name: Advocate Health

• Mission: Advocate Health aims to reimagine healthcare to make it more accessible and affordable, deliver better health outcomes, advance health equity, and achieve carbon neutrality by 2030.

• Founding: Created from the combination of Advocate Aurora Health and Atrium Health.

• Key People:

• Eugene A. Woods - Chief Executive Officer

• Bobbie Byrne, MD, MBA - EVP, Chief Information Officer

• Brad Clark - EVP, Chief Financial Officer

• Kinneil Coltman, DHA - EVP, Chief Community and Social Impact Officer

• Brett J. Denton - EVP, Chief Legal Officer

• Julie A. Freischlag, MD - CEO and Chief Academic Officer, Atrium Health Wake Forest Baptist, Chief Academic Officer and EVP

• Ken D. Haynes, MSHA, MBA - President, Southeast Region

• Betty Jo Rocchio - Chief Nursing Officer

• Headquartered: Charlotte, North Carolina, USA

• Number of Employees: Nearly 155,000 teammates

• Revenue: More than $28 billion in annual revenue

• Known For: Advocate Health is recognized for expertise in cardiology, neurosciences, oncology, pediatrics, rehabilitation, and more. It is the third-largest nonprofit integrated health system in the USA.

Products

• Care Services:

• Advocate Health provides healthcare services under different names in various regions:

• Advocate Health Care in Illinois

• Atrium Health in the Carolinas, Georgia, and Alabama

• Aurora Health Care in Wisconsin

• High-Level Description: Advocate Health is engaged in hundreds of clinical trials and research studies, with academic core support from Wake Forest University School of Medicine. It provides comprehensive healthcare, including specialties in organ transplants, burn treatments, and musculoskeletal programs.

• Key Features:

• Virtual Nursing: Innovatively uses virtual nursing to enhance patient safety and reduce costs.

• AI Implementation: Partnering with Microsoft on AI solutions like Project Nursing to ease administrative burdens.

Recent Developments

• New Products/Features:

• Project Nursing: An AI-powered clinical documentation tool in collaboration with Microsoft to reduce nurses' administrative tasks.

• Expansion of Virtual Nursing Programs: Highlighted via partnerships, such as hosting a delegation from Tan Tock Seng Hospital in Singapore to discuss virtual nursing advancements.

• Partnerships:

• Collaborating with Microsoft on AI solutions.

• Innovations:

• Deployment of Dragon Ambient eXperience (DAX) Copilot for physicians, which reduces time spent on electronic health record tasks.

• Leadership Changes:

• Appointed Betty Jo Rocchio as the new Chief Nursing Officer, effective November 11, 2024.