The Advisory Board Company
|This article needs additional citations for verification. (August 2014)|
|Traded as||NASDAQ: ABCO|
|Industry||Research & Insights, Performance Technology, Management & Consulting Services, Talent Development|
|Founder||David G. Bradley|
• Chairman and Chief Executive Officer
• Vice Chairman
• Chief Financial Officer
Mary Van Hoose
• Chief Talent Officer
• Chief Research Officer, Health Care Practice
• Chief Research Officer, Education Practice
Number of employees
The company was founded by David G. Bradley in 1979 as the Research Council of Washington with five employees. Its original mission was to answer "any question for any company for any industry," but in 1983 the company began to specialize in research for the financial services industry and changed its name to The Advisory Board Company. By 1986, The Advisory Board Company had launched its health care-focused strategic research division, including its first membership program, the Health Care Advisory Board.
Across the next four years the firm grew to 150 employees, served more than 500 health care members, and published 15 major reports and 2,000 research briefs each year. In 1993, the firm launched a strategic research membership for large companies, bringing on almost half of the Fortune 500 within 18 months. The firm expanded in 1994 to include its first clinically based program, the Cardiology Roundtable—which has since evolved to become the Cardiovascular Roundtable—providing best practices to the nations’ cardiac programs.
In 1997, The Advisory Board Company spun off its corporate membership group, forming The Corporate Executive Board Company as an independent company. The Advisory Board Company maintained its focus on the health care sector, working with more than 1,500 health care organizations. H*Works, a consulting business offering best practice implementation support launched in 2000, followed shortly by The Advisory Board Company’s initial public offering in 2001.
By 2002, the firm topped 2,100 memberships and 500 employees, and launched The Advisory Board Academies leadership development division—now the company's Talent Development division—to address the leadership gap in health care. In 2003, The Advisory Board Company was named to Washingtonian’s Great Places to Work and launched its business intelligence and analytics offering, Compass, providing memberships anchored by robust decision support tools. In 2005, the firm was named to Forbes’ Top 200 High-Growth Companies and again to Washingtonian's Great Places to Work.
In 2007, The Advisory Board Company launched its first membership programs in higher education, working with student and academic affairs executives at several U.S. research universities. The firm continued to grow across 2008, acquiring Crimson, a data, analytics, and business intelligence software provider focused on physician performance, quality metrics, and cost of care outcomes.
By 2009, The Advisory Board Company had opened its doors in San Francisco, marking the fourth U.S. office. The firm also grew to over 1,000 employees and over 2,800 health care and higher education members. The Advisory Board Company expanded its capabilities in the physician management terrain through the acquisition of Southwind, a management and consulting firm focused on aligning hospitals and physicians through a comprehensive set of physician employment, clinical integration, and information technology deployment solutions. During this time, The Advisory Board Company was named to Modern Healthcare’s Best Places to Work—an honor it has received every year since.
From 2010 to 2011, The Advisory Board Company continued to expand, acquiring and partnering with a series of technology firms, including Milliman MedInsight, which provides population risk analytics, Cielo MedSolutions, which provides ambulatory patient registry software, and PivotHealth, a physician practice management firm.
In 2012, The Advisory Board Company acquired ActiveStrategy, a performance improvement technology firm, and 360Fresh, a leading provider of clinical data analytics. The firm also was named as one of Healthcare Informatics' top 100 health care IT firms and Modern Healthcare's top 40 fastest-growing health care firms list. During that year, the firm also provided $1 million in benefit to non-profit organizations through its Community Impact program.
As of 2013, the company had grown to more than 2,400 employees, with nine offices on three continents and more than 4,100 member organizations in the health care and higher education fields.
Products and Services
||The neutrality of this section is disputed. (January 2014)|
Research & Insights Memberships
The company's research memberships provide expert guidance, best practices, and forecasting and analytical tools related to strategic, clinical, and operational topics affecting leaders across hospital and non-hospital health care organizations, domestic and international businesses, and higher education.
Organizations use The Advisory Board Company's analytic web applications to get visibility into performance, identify improvement opportunities, and make timely course corrections across a variety of terrains, including:
- Physician issues
- All phases of the revenue cycle
- Cost and operations
Consulting and Management Services
The Advisory Board Company's consulting division provides hands-on best practice implementation support, practice management solutions, and physician alignment services focusing on hospital-, physician-, and value-based care-related issues such as:
- Physician alignment and employment
- Clinical integration and clinical transformation
- Physician practice M &A
- EMR and practice management IT selection and implementation
- Physician manpower planning and medical staff development
- Interim physician practice management
- Supply chain
- Emergency department
- Labor cost
- Quality improvement
The Advisory Board Company works with hospitals and health systems around the world to cultivate leaders; the firm also partners with organizations to drive workforce engagement through two survey offerings, the Employee Engagement Initiative and the Physician Engagement Initiative.
Notable current and former employees
- Jeffrey Zients, Director of the White House Office of Management and Budget
- David Bradley, Owner of the Atlantic Media Company and founder of the Corporate Executive Board
- Aneesh Chopra, Former Chief Technology Officer of the United States