• Health Care
  • Advocate Aurora reveals goal to become 'multimarket consolidator'

    The Downers Grove-based hospital system is setting ambitious targets, including more than doubling revenue by 2025, acquiring more hospitals and partnering with health plans.

    Modern Healthcare
    Crain's

    Jim Skogsbergh

    79彩票注册网址

    Advocate Aurora Health has set a number of ambitious goals to hit by 2025, including more than doubling its revenue, which currently stands around $12 billion.

    79彩票注册网址The not-for-profit system's CEO, Jim Skogsbergh, announced to an audience at the J.P. Morgan conference this week its Transformation 2025 initiative, which includes growing revenue to $27 billion and serving 10 million patients.

    Advocate Aurora, with headquarters in Downers Grove and Milwaukee, also strives to grow its operating margin to 4.7%—it was 4.6% in the third quarter of fiscal 2019—and cut costs by $1.1 billion in that time.

    The Milwaukee Business Journal that the company intends to become a "multimarket consolidator" by buying hospitals and health systems. It also wants to consolidate with health insurance plans and introduce new consumer products by creating or acquiring a health and wellness business.

    Another priority, according to Skogsbergh: Becoming more consumer-focused.

    79彩票注册网址"That requires a herculean effort, pivoting to where the industry is going and making sure that we get really, really intimate with the consumer in ways that we haven't in health care before," he said. 

    Among other 2025 goals: to serve 10 million people and derive 10% of revenue from new businesses that have a consumer focus, Skogsbergh said.

    He closed by  that challenged the assertion that health system mergers improve outcomes.

    "Ours have," he said. "They're demonstrable and measurable. So we believe in it."

    Tara Bannow writes for Crain's sister publication Modern Healthcare.

    7072彩票开户 7073彩票地址 963彩票开户 7073彩票网址 689彩票邀请码 7073彩票注册 8炫彩彩票app 677彩票开户 7073彩票登录 66顺彩票app
    Letter
    to the
    Editor

    Have something to get off your chest? You can?send us an email.?Or tell us on our page or on? @CrainsChicago.