Advocate Health grows Q1 revenue by 10.8% amid higher volumes, greater efficiency

Summary: Advocate Health is having a great start to the year. In the first quarter, the hospital system made over $10 billion, which is a 10.8% jump from last year. How did they do it? They got faster and more efficient. Patients didn't have to stay in the hospital as long, which allowed the staff to take care of more people and perform more surgeries.

Even though they made less money from private insurance and treated more Medicaid patients, they still grew their profits to $380.1 million. Now, they are trying to grow even bigger. They are planning to spend $2 billion to bring WakeMed Health into their system, even though other local hospitals are trying to stop the deal.

For more details, see rssapp-fiercehealthcare-com at fiercehealthcare.com/providers/advocate-health-grows-q1-revenue-108-higher-volumes-greater-efficiency (opens in new tab)