As a number one well being care organization, Advocate Well being Care has a singular accountability to our associates, patients and communities to take care of and encourage a secure and healthy atmosphere. Even after the deal is accomplished, the brand new system will management lower than 25 p.c of the native well being care market, which remains fragmented compared with other metro areas, despite a spate of mergers in recent times. Diverted 24,000 pounds of waste and saved $1.5 million in 2010 by reprocessing medical devices throughout Advocate’s hospitals and out-patient surgical procedure centers.
A merger of this magnitude, nonetheless, is a major shake-up within the Chicago market that can force competing hospital methods and insurance coverage companies to re-evaluate their companies. It additionally will allow the health system to broaden its geographic protection, a key component in creating larger, extra built-in networks of hospitals and physicians that executives believe will assist decrease prices and improve patient care.
Skogsbergh stated the improved geographic spread that the NorthShore merger presents was a major consideration in Advocate’s determination to pursue the combination as a result of it could place Advocate as a extra engaging community for insurance coverage companies and employers. NorthShore, with its traditionally sturdy stability sheet and four acute-care hospitals in Evanston, Skokie, Glenview and Highland Park, was among the many most-coveted programs in Chicagoland.
The principally wealthy North Shore suburbs it serves are lucrative for health care providers as a result of they boast giant concentrations of sufferers with commercial medical health insurance coverage, which tends to pay higher than authorities packages like Medicare and Medicaid. For 3 consecutive years, Advocate Illinois Masonic Medical Middle earned the U.S. EPA Energy Star Award for excellence in vitality efficiency.
Both programs intend to maintain their instructing relationships: NorthShore’s with the College of Chicago and Advocate’s with the University of Illinois, Midwestern University and Rosalind Franklin College. NorthShore additionally intends to take care of its medical relationship with Minnesota-based mostly Mayo Clinic Advocate has an identical arrangement with Houston-based MD Anderson Cancer Middle that will not be renewed. Established stepped targets to reduce power consumption in all Advocate hospitals by 20 percent, over the 2008 baseline, by the end of 2015.