- For FY2013, Downers Grove, Ill.-based Advocate Health Care announced that it posted $300.2M of operating income on $4.94B of revenue, or a 6.1% operating margin.
- These results are down slightly from 2012, when Advocate posted a 6.5% operating margin.
- Advocate's overall profit for 2013 was just above $765.3M, a 14% increase from 2012. The total included $151.7M in added assets due to Advocate's acquisition of Sherman Hospital in Elgin, Ill.
Advocate, which owns 11 acute-care hospitals and two children's hospital campuses, saw about 30% of its net patient service revenue come from Blue Cross Blue Shield of Illinois, and 25% from Medicare. What's more interesting about Advocate is that it has been in an ACO relationship for years with Blue Cross, which it recently announced held down costs in 2012.