Company Research Report: Ascension

Company Overview

Name: Ascension

Mission of the Company:
Ascension is committed to delivering compassionate and personalized care for all, with special attention to persons living in poverty and those most vulnerable. The organization advocates for a just and compassionate society and is dedicated to spiritually centered, holistic care aimed at improving individual and community health.

Founded: No information is available.

Founders: No information is available.

Key People in the Company:

• Joseph R. Impicciche, JD, MHA - Chief Executive Officer

• Sally Deitch, MSN, MHA, RN, FACHE - Executive Vice President, Nursing and Operations Infrastructure

• Richard Fogel, MD, FACC, FHRS - Executive Vice President and Chief Clinical Officer

• Tom VanOsdol, MS, MA, FACHE - Executive Vice President and Chief Mission Integration Officer

Headquarters:
4600 Edmundson Rd, St. Louis, MO 63134

Number of Employees:
Approximately 131,000 associates

Revenue:
Ascension has reported a net income of $387 million for Q1 FY25, including $1.2 billion in operational improvement from the prior quarter.

What the Company is Known For:
Ascension is one of the nation's leading non-profit and Catholic health systems known for providing faith-based healthcare services, with a focus on compassionate and personalized care, particularly for underserved communities.

Products

Product Offerings:

• Healthcare Services: Ascension provides a range of healthcare services, including hospital and clinic networks, focusing on holistic, dignified patient care.

• Insurance and Care Management Services: Through subsidiaries like ACA Ascension Insurance and Ascension Care Management, the organization offers healthcare-related financial services.

• Ascension Technologies: Provides IT and data solutions to improve clinical decision-making, efficiency, and patient care integration.

High-Level Description of Products:

• Healthcare Services: Offering comprehensive medical and supportive care guided by Catholic healthcare ethics to ensure compassionate, patient-centered services.

• Ascension Technologies: Stress seamless data access and actionable insights in healthcare operations, enhancing both patient and provider experience through technology.

Key Features of Each Product:

• Healthcare Services: Holistic care approach, emphasis on serving vulnerable populations, network of 136 hospitals and 39 senior living facilities.

• Ascension Technologies: Emphasizes collaborative technological solutions across Ascension's healthcare network, supports cybersecurity, and enhances data sharing for improved patient outcomes.

Recent Developments

Recent Developments in the Company:

• Financial Results: Ascension has reported substantial operational improvements, achieving a net income of $387 million in Q1 FY25.

• Safety Awards: 17 Ascension hospitals were awarded an "A" Hospital Safety Grade from The Leapfrog Group as of Fall 2024.

• Commitment to Maternal Health: Published a report spotlighting their role in maternal health and tackling social determinants of healthcare disparities.

New Products or Features Launched:

• The introduction of the Ascension One app for easier care management.

• The launch of innovative procedures like robotic-assisted tracheobronchoplasty in Tennessee, demonstrating advanced surgical capabilities.

New Partnerships:

• No explicit partnerships listed, however, continued efforts in advancing care through collaborations within its network and national healthcare initiatives are implied.

This report synthesizes available data to provide a comprehensive overview of Ascension, focusing on its mission-driven healthcare services, key leadership, financial health, and recent technological advancements.