Profile: Advisory Board Co (ABCO.O)
28 Apr 2017
The Advisory Board Company, incorporated on August 9, 2001, is a provider of software and solutions to the healthcare and higher education industries. The Company offers subscription-based membership programs, software and data-enabled services. All of its programs are rooted in best practices and extends across four areas, including Best practices research, Technology, Data-enabled services and Consulting services.
The Company's best practices research and insight programs provide the foundation for all of its other programs. These programs are focused on understanding industry dynamics, identifying demonstrated management practices, evaluating widely followed but ineffective practices and analyzing emerging trends within the healthcare and education industries. Each program includes access to studies, executive education, databases and online services, and executive briefings. It designs each study and module to present the conclusions and supporting best practices in a graphical format, enabling the intended audience to assimilate 100 to 250 pages of research content. In addition to its research studies, it delivers an executive education curriculum based on its research to member institutions through four channels, such as general membership meetings; presentations conducted on-site at member organizations; on-call access to experts, and frequent teleconferences.
Across its research programs, the Company also offers a range of online databases, content, tools and calculators to increase the utility of its research, facilitate analysis of an organization's performance, and assist the adoption of best practices at member institutions. Each research program has a section on its password-protected member Website, accessible only to members of the program, which includes such items as best practices, executive modules, online data, audit toolkits, and market forecasting instruments. Through the Website, members of each program may search and access program-specific content, which includes the ability to access an electronic library of past and current research studies, review executive education modules, view meeting schedules, and communicate with its staff and other members.
The Company offers technology analytics programs anchored by cloud-based software applications that surface performance improvement opportunities to accelerate progress. These applications are regularly updated with member-specific data, and provide all member institutions with access to specific performance improvement metrics. The software applications pull data from disparate legacy information systems through standardized data extracts and, with analytics and proprietary metrics informed by its best practices research and insights, transform hard-to-access legacy data into performance reports and benchmarks offering actionable insight for managers and executives. Its programs are cloud-based, allowing members to derive value with minimal upfront investment costs. Its programs allow members to transform their data into information they can use to enhance performance, enabling them to quantify areas of opportunity and identify value captured through use of its programs, and allow members to benchmark themselves against each other and learn how other members captured value from its software applications and consulting services.
Through its consulting services, the Company provides on-the-ground support for performance improvement initiatives, as well as best practice professional management of areas of the hospital or medical group. The Company assists in three primary ways: expert counsel, including business planning and strategy development; dedicated support, including interim senior management to oversee a specific change management process for a defined period, and long-term management, involving a seasoned group of senior executives working on-site for an extended period to provide hands-on, practical advice and execution against financial and operational goals. Its consulting engagements deliver meaningful insights and results in areas, such as strategy, electronic medical record (EMR) optimization, revenue cycle optimization, clinical quality and care redesign, physician practice management, operational capacity and workforce efficiency, supply cost savings, and development of accountable care organizations and clinically integrated networks. The Company's data-enabled services are primarily focused in the area of enrollment management. Through data-driven solutions, it supports colleges and universities in targeting qualified prospective students; building relationships with prospective students during the search, application, and yield process, and optimizing financial aid resources.
Advisory Board Co
2445 M St NW
WASHINGTON DC 20037-1435
Company Web Links
- Exclusive: Evolent Health explores merger with Advisory Board - sources
- BRIEF-Elliott Associates reports 8.3 pct stake in Advisory Board
- BRIEF-Advisory Board Co comments on Elliott Management's filing
- Elliott discloses 8.3 pct stake in Advisory Board
- BRIEF-The Advisory Board Company reports third quarter results