Overview
What is Advocate Health And Hospitals Corp?
Advocate Health And Hospitals Corp is a prominent healthcare organization based in Oak Brook, Illinois, employing over 34,000 individuals. Their mission revolves around serving the health needs of individuals, families, and communities through a holistic philosophy deeply rooted in their fundamental understanding of humans as created beings. The nonprofit provides both inpatient and outpatient healthcare services to the community, irrespective of the patients' ability to pay. Their financial assistance program is generous, offering no payments for those in dire need and discounts to uninsured and insured patients. Eligibility for the financial assistance is determined through income-based screening for insured patients, while uninsured patients may receive presumptive assistance. The organization's hospitals, including Advocate Christ, Advocate Condell, Advocate Illinois Masonic, Advocate Lutheran General, and Advocate Sherman, are Level 1 Trauma Centers, providing expert emergency care for the most seriously injured people in Chicago. With five Level 1 Trauma Centers, Advocate Health and Hospitals Corp operates nearly one-quarter of all such centers in Illinois and is the largest trauma system in the state. In 2022, the organization treated 2,699 trauma patients across its Level 1 and II Trauma Centers, and an additional 473,024 non-trauma ER visits took place at Advocate's hospitals.
Official website here: www.advocatehealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Advocate Health And Hospitals Corp received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement with a score of 72%. This rating is based solely on one beacon score, highlighting a lack of comprehensive evaluation across multiple areas. The organization performed well in areas such as having a majority of independent board members and maintaining transparency through listed policies like conflict of interest and whistleblower protections.
Despite strong program expense ratios, which suggest that a significant portion of funds is allocated to programs rather than administrative costs, the organization faces challenges due to the absence of financial statements. This gap in financial documentation contributes to a lower overall score, particularly in the accountability and finance categories. The liabilities to assets ratio also indicates potential financial risk, which could impact the organization's long-term sustainability.
Overall, while Advocate Health And Hospitals Corp demonstrates some strengths in governance and program allocation, the lack of financial transparency and documentation raises concerns for potential donors and stakeholders. Addressing these limitations could enhance their standing and reassure supporters about the organization's fiscal health and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Advocate Health And Hospitals Corp legitimate?
Advocate Health And Hospitals Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advocate Health And Hospitals Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,421,945
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,240,503,064
For more financial information, click here
Official website here: www.advocatehealth.com
What is the mission statement of Advocate Health And Hospitals Corp?
Advocate Health and Hospitals Corp is dedicated to serving the health needs of individuals, families, and communities through a holistic philosophy rooted in the fundamental understanding of humans as created beings. Their mission is to provide healthcare services, including financial assistance, to those in need, regardless of their ability to pay. They are committed to promoting initiatives that enhance access to healthcare for the uninsured, underinsured, and low-income populations. Advocate offers a generous financial assistance program, requiring no payments from the most needy patients and providing discounts to uninsured and insured patients. Their hospitals have Level 1 trauma designation, offering expert emergency care for the most seriously injured people. They are staffed with on-site, 24-hour trauma surgeons, feature 24-hour surgical and nonsurgical services, and can accommodate helicopter transports. Advocate operates nearly one-quarter of all Level I trauma centers in Illinois and is the largest trauma system in the state.
Official website here: www.advocatehealth.com
What is the revenue of Advocate Health And Hospitals Corp?
Advocate Health And Hospitals Corp's revenue in 2023 was $6,903,058,013.
Official website here: www.advocatehealth.com
Who are the executives of Advocate Health And Hospitals Corp and what are their salaries?
The average compensation at Advocate Health And Hospitals Corp during 2023 was $79,314. There are 28317 employees and 1368 volunteers at Advocate Health And Hospitals Corp.
Here are 42 key members and their salaries:
- Compensation: $0
- Related: $16,598,134
- Other: $818,812
- Compensation: $0
- Related: $5,805,122
- Other: $359,616
- Compensation: $0
- Related: $15,100
- Other: $0
- Compensation: $0
- Related: $8,000
- Other: $0
- Compensation: $0
- Related: $131,433
- Other: $0
- Compensation: $0
- Related: $123,633
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $48,000
- Other: $0
- Compensation: $0
- Related: $116,433
- Other: $0
- Compensation: $0
- Related: $93,100
- Other: $0
- Compensation: $0
- Related: $97,100
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,426,850
- Other: $179,384
- Compensation: $0
- Related: $1,170,516
- Other: $44,857
- Compensation: $808,304
- Related: $0
- Other: $129,781
- Compensation: $0
- Related: $6,387,589
- Other: $130,352
- Compensation: $0
- Related: $1,721,965
- Other: $152,768
- Compensation: $0
- Related: $774,644
- Other: $126,822
- Compensation: $0
- Related: $1,064,007
- Other: $63,927
- Compensation: $0
- Related: $256,767
- Other: $47,558
- Compensation: $0
- Related: $327,036
- Other: $29,223
- Compensation: $0
- Related: $806,480
- Other: $71,656
- Compensation: $0
- Related: $477,791
- Other: $59,558
- Compensation: $0
- Related: $1,431,976
- Other: $145,795
- Compensation: $0
- Related: $569,025
- Other: $85,046
- Compensation: $0
- Related: $3,603,425
- Other: $99,054
- Compensation: $0
- Related: $1,155,480
- Other: $130,674
- Compensation: $0
- Related: $712,395
- Other: $111,416
- Compensation: $0
- Related: $749,774
- Other: $111,993
- Compensation: $0
- Related: $3,178,980
- Other: $204,037
- Compensation: $0
- Related: $317,371
- Other: $30,165
- Compensation: $0
- Related: $2,471,223
- Other: $145,618
- Compensation: $0
- Related: $3,393,965
- Other: $61,140
- Compensation: $0
- Related: $2,674,169
- Other: $119,502
- Compensation: $0
- Related: $2,766,000
- Other: $229,236
- Compensation: $2,284,762
- Related: $0
- Other: $173,964
- Compensation: $1,591,541
- Related: $0
- Other: $36,143
- Compensation: $1,358,448
- Related: $0
- Other: $56,945
- Compensation: $1,363,584
- Related: $0
- Other: $43,977
- Compensation: $1,570,401
- Related: $0
- Other: $60,494
- Compensation: $1,278,398
- Related: $0
- Other: $59,056
Official website here: www.advocatehealth.com
Where can I find the form 990 for Advocate Health And Hospitals Corp?
Advocate Health And Hospitals Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.advocatehealth.com
Learn more at the official website: www.advocatehealth.com
Mission Statement of Advocate Health And Hospitals Corp
Advocate Health And Hospitals Corp is a mission-driven organization committed to serving the health needs of individuals, families, and communities. Rooted in a holistic philosophy, the corporation believes in treating every person as a creation of God and strives to provide healthcare services regardless of the patients' ability to pay.
The corporation's generosity extends to offering financial assistance for both inpatient and outpatient healthcare services. Patients earning up to six times the federal poverty level and insured patients earning up to two and a half times the federal poverty level may qualify for a full or partial financial assistance discount. Additionally, there is a catastrophic assistance discount available for uninsured and insured patients with outstanding patient balances of $25,000 or more. Uninsured patients can also qualify for financial assistance using an income-based screening, and Advocate extends this policy to its insured patients as well.
Advocate Health And Hospitals Corp is dedicated to providing expert emergency care, with five of its hospitals achieving Level 1 trauma center designation. This is the highest level for trauma centers and indicates that they are staffed by on-site, 24-hour trauma surgeons and feature 24-hour surgical and nonsurgical services. These hospitals can accommodate helicopter transports and treat the most seriously injured people. Advocate operates nearly one-quarter of all Level I trauma centers in Illinois and is the largest trauma system in the state. In 2022, Advocate's Level I trauma hospitals treated 2,432 trauma patients, and an additional 266 trauma patients were treated at its Level II designated trauma hospital. Furthermore, there were 473,024 non-trauma ER visits to Advocate's hospitals in 2022.
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Impact
October, 2024
Advocate Health And Hospitals Corp significantly impacts the communities it serves by enhancing access to healthcare and providing vital medical services regardless of a patient’s financial situation. Central to its mission is a commitment to meet the health needs of individuals, families, and communities through a holistic approach that recognizes human dignity and care.
The organization offers a comprehensive financial assistance program designed to support uninsured and underinsured patients. This program enables individuals earning up to six times the federal poverty level to receive full or partial financial assistance, ensuring that those in need can access both inpatient and outpatient healthcare services without the barrier of cost. For significant unpaid medical balances, Advocate provides catastrophic assistance discounts, allowing those facing overwhelming healthcare expenses to reduce their financial burden.
In terms of emergency and trauma care, Advocate operates a robust network of Level 1 and Level 2 trauma centers, treating a substantial percentage of trauma patients in Metropolitan Chicago. In 2022, Advocate's Level 1 trauma hospitals treated over 2,400 trauma patients, while an additional 266 patients received care at its Level II designated facility. The extensive emergency services of Advocate hospitals cater not only to trauma cases but also to a significant volume of non-trauma emergency visits, with over 473,000 ER visits recorded in 2022.
By prioritizing access to care for those with the greatest need, Advocate Health And Hospitals Corp plays a crucial role in improving health outcomes and fostering community well-being in the regions it serves, embodying their mission to uphold the dignity and health of every individual.
This information is meant to be a general summary of Advocate Health And Hospitals Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $410,577,570
- Program Service Revenue: $6,440,081,440
- Gross Receipts: $10,343,130,776
Assets and Liabilities:
- Total Assets: $16,608,896,056
- Total Liabilities: $10,845,528,658
- Net Assets: $5,763,367,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE/MEDICAID
Revenue
$2,180,828,558
PATIENT SERVICE REVENU
Revenue
$1,530,019,428
BLUE CROSS/MGD CARE
Revenue
$1,491,871,313
PHARMACY
Revenue
$696,845,931
LABORATORY
Revenue
$540,516,210
Organization Details
Founding Year
1906
Principal Officer
James Skogsbergh
Website
www.advocatehealth.comNTEE Category
Code: E210 - Health
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