Adventist Health System Sunbelt Healthcare's mission is to serve the community, and boy, does it! One of the country's largest faith-based hospital systems, not-for-profit Adventist Health runs about 45 hospitals, 20 nursing homes, and 25 home health care agencies. Its acute care hospitals have some 7,600 beds combined; its long-term care facilities offer 1,900 beds. It operates in about a dozen states, mostly in the Southeast. The organization's Florida Hospital division includes about two dozen hospitals, as well as home health agencies and nursing homes. Adventist Health is sponsored by the Seventh-Day Adventist Church as part of that denomination's legacy of providing health care.
Adventist Health has launched a number of initiatives to help the system meet the new standards of the US federal government is encouraging hospital systems to improve health care quality, safety, and expenses. In the area of technology, it is undertaking a project to transition its entire massive system from paper to electronic health record (EHR) systems by 2015, which will help reduce medical errors, improve patient safety, and coordinate patient care among regional facilities. It also will help the company qualify for "meaningful useful" incentive funds from the government. In 2011 Adventist Health completed the clinical system and CPOE (computerized physician order entry) portions of the initiative.
Along with improving it existing facilities through expansion and renovation projects, Adventist Health increases its already hefty size through affiliation agreements and acquisitions. In Texas, Adventist Health affiliates with St. David's Healthcare at Adventist Health's Central Texas Medical Center and another agreement with Scott & White Healthcare to grow medical services at Adventist Health's Metroplex Health System.
To connect one of its Texas hospitals -- Huguley Memorial Medical Center -- to other area facilities, in 2012 Adventist Health formed a joint venture with Texas Health Resources to own and manage the center. While Adventist Health will continue to manage daily activities at Huguley Memorial, Texas Health will own a majority stake in the hospital. The move will allow Texas Health and Huguley Memorial to better address the needs of Fort Worth-area residents as the two entities connect their health information exchange (HIE) systems, allowing them to easily share EHRs across their collective area facilities.
On the acquisition front, in 2010 Adventist Health acquired University Community Health (UCH, now Florida Hospital Tampa Bay Division) to add six acute and specialty hospitals and a number of ancillary facilities to its network. Adventist Health and UCH were already affiliates, and the transaction allows Adventist Health to provide a more comprehensive and cost-efficient range of services in the Tampa Bay area. Through the deal, Adventist Health took on UCH's debt obligations and committed to $125 million in capital improvements to the acquired facilities.
As a not-for-profit health care provider, Adventist Health invests much of its revenues back into the communities it serves. While the company earned some $7.1 billion in revenues and reported $474 million in net income in 2011, it also provides some $900 million annually on underprivileged charity care, unreimbursed elderly care, and community wellness programs. Capital improvement expenses were about $550 million in 2011. – less