37 | ADVISORY BOARD CO.
WHAT IT DOES:
The Advisory Board Co. advises hospitals and physicians on operations management, as well as provides research and technology services to healthcare organizations. HOW IT GREW:
“We have always tried to find the most innovative solutions to healthcare problems,” says Advisory Board CEO Robert Musslewhite. That striving for innovation led the company to develop a cloud computing system five years ago that today makes up more than 50% of the company’s business. According to Musslewhite, the company’s Webbased system tracks and analyzes data from 45% of all inpatient admissions in the U.S. The data is used to offer providers suggestions to improve physician alignment, revenue-cycle management and other areas.
Launched in 2003, Advisory Board’s cloud-computing platform, Performance Technologies, allows the company to provide solutions based on more information than is available to other consulting groups, and to track the efficacy of those solutions to detect and prevent backsliding.