At Advocate's second simulation center, clinicians and others practice improving patient safety.
The Federal Trade Commission and an Illinois regulatory board have approved the proposed merger between Advocate Health Care and Aurora Health Care. The deal still needs approval from Wisconsin regulators.
The health system, which in December announced plans to merge with Aurora Health Care, hopes to gain greater interoperability with the EHR switch.
The most mergers ever were recorded in 2017 by financial firm Kaufman Hall, which began tracking deals in 2000. Even with that growth, more financially strong systems are attracting interest in being acquired by a larger or better-positioned system.
Two industry innovators are being inducted into the Health Care Hall of Fame—Sister Mary Jean Ryan and George Caldwell. An induction ceremony will take place March 26, in conjunction with the American College of Healthcare Executive's 2018 Congress in Chicago.
The architects of major healthcare deals offer a common rationale: The combinations will lower costs and improve care. But these deals don't get to the root of healthcare's cost problems.
Advocate Health Care and Aurora Health Care combined would be one of the biggest regional health systems
Health systems like Advocate Health Care and Aurora Health Care follow a regional path in their merger agreement.
Downers Grove, Ill.-based Advocate Health Care has turned its focus to Wisconsin's largest healthcare provider after walking away from its merger with NorthShore University HealthSystem.
Although Medicare accountable care organizations generated $652 million in savings last year, the CMS still took a loss on the program as most ACOs were unprepared to take on riskier contracts.
It may seem odd that Advocate Health Care is spending big on outpatient facilities while also cutting $200 million from its $5.6 billion budget. The bet, however, is that adding cheaper-to-run outpatient sites will woo more patients. More patients equals growth.
The Illinois Nurses Association, a union created by nurse practitioners, will be the first nurses' union recognized by the state's largest hospital network.
Advocate, the largest hospital network in Illinois, plans to cut $200 million in expenses as financial pressures mount.