- Advisory Board Company
The Advisory Board Company (
NASDAQ: ABCO) is a commercial, for-profit, public companythat provides general best practices research, executive education, productized consulting, and business intelligencesolutions to a membership of more than 2,600 leading hospitals, health systems, universities and other mission-driven enterprises in the United States and, increasingly, worldwide.
The company was founded in
1979as the Research Council of Washington by David G. Bradley. In 1997, the Corporate Executive Boardwas spun off from the Advisory Board Company [http://www.washingtonpost.com/wp-dyn/articles/A60425-2004Jul18.html] , and the Advisory Board Company focused its business exclusively on the healthcare industry. In serving the healthcare industry, the Advisory Board Company primarily serves hospitals and health systems, but also offers niche programs to pharmaceutical and medical device manufacturers. In 2006, the Advisory Board Company employed more than 900 staff members, the majority of whom are located in the Washington, D.C. headquarters.
Products and Services
Products and services offered by the Advisory Board Company are described below.
*Research Programs - The Advisory Board's core business consists of its research programs, which it sells via an annual subscription. The belief at the Advisory Board Company is that most senior healthcare executives share common challenges. In order to help executives resolve these challenges, the Advisory Board Company creates a structured network in which members voice common challenges and share innovative solutions to those challenges. In effect, the Advisory Board Company provides a low cost alternative to expensive consulting engagements. Rather than hiring a consultant to evaluate and solve strategic challenges, members of the network receive guidance from fellow members for a low-cost (relative to a consulting engagement) annual subscription.
*Productized Consulting - Productized consulting engagement are offered through the H*Works practice, which is a direct extension of the membership services of The Advisory Board Company. H*Works assists hospitals in installing truly exceptional management practices uncovered by Advisory Board research – with an eye toward efficiency and speed. Working in active partnership with leading hospitals and health systems, H*Works focuses performance improvement teams on uncovering the root cause of problems, selecting proven practices that yield tangible returns, and installing these leveraged practices to meet the gold standard of best performing hospitals. [http://www.advisoryboardcompany.com/public/services.asp]
*Business Intelligence - Business Intelligence include web-based decision support tools that help hospital executives improve operational and financial performance. Business Intelligence solutions build on best practices identified in the membership services offered by the Advisory Board
*Executive Education and Training - The Advisory Board offers executive education and training through its Academies, which provide educational services to five different healthcare constituencies: nurse managers, frontline nurses, physician leaders, non-clinical managers, and rising executives. Curricula are derived from best practices identified in the Advisory Board's core research programs.
*The framework for this article is based on the Advisory Board Company article from [http://wiki.careernextstep.com/index.php?title=Category:Advisory_Board_Company Career Next Step] .
* [http://www.advisory.com Advisory Board Company Home]
* [http://finance.yahoo.com/q?d=t&s=ABCO Advisory Board Company Corporate Profile - Yahoo Finance]
Wikimedia Foundation. 2010.
Look at other dictionaries:
Advisory board — Advisory group redirects here. For the commercial, for profit, public enterprise, see Advisory Board Company. An advisory board is a body that advises the board of directors and management of a corporation but does not have authority to vote on… … Wikipedia
The Corporate Executive Board Company — Corporate Executive Board Co. Type Public (NYSE: EXBD) Industry Best practice research and consulting … Wikipedia
President’s Economic Recovery Advisory Board — Das President s Economic Recovery Advisory Board (kurz: PERAB) ist ein Beratungsgremium der Regierung der Vereinigten Staaten. Es wurde am 26. November 2008 von Präsident Barack Obama vorgestellt und am 6. Februar 2009 gegründet. Das Board wird… … Deutsch Wikipedia
RSS Advisory Board — The RSS Advisory Board is a group founded in July 2003 that publishes the RSS 0.9, RSS 0.91 and RSS 2.0 specifications and helps developers create RSS applications.Dave Winer, the lead author of several RSS specifications and a longtime… … Wikipedia
President's Foreign Intelligence Advisory Board — The President s Foreign Intelligence Advisory Board (PFIAB) is an advisor to the Executive Office of the President of the United States. According to its self description, it ...provides advice to the President concerning the quality and adequacy … Wikipedia
Customer Advisory Board — A Customer Advisory Board (also referred to as a Customer Advisory Council) is a form of market research whereby a group of existing customers is convened on a regular basis to advise company management on industry trends, business priorities,… … Wikipedia
Waste Management Industry Training & Advisory Board — The Waste Management Industry Training Advisor Board (WAMITAB) is a company registered charity in the UK that is tasked with supporting training technical compitence in the waste management industry. WAMITAB is the awarding body for technical… … Wikipedia
Company Level Intelligence Cell — A Company Level Intelligence Cell is a United States Marine Corps program that both pushes down 0231 Intelligence Analysts from their Battalion S 2 down to the rifle companies while simultaneously augmenting them with specially trained 0311… … Wikipedia
advisory — ▪ I. advisory ad‧vis‧o‧ry 1 [ədˈvaɪzəri] adjective existing to give advice or having the purpose of giving advice: • He is a member of Franklin s investment advisory board. • She resigned as president, but will continue in an advisory capacity. … Financial and business terms
Advisory capital — is an investment of experience, expertise, social capital, and public authority into a company in return for some form of equity in the company. The first known use of the term is in a blog post by Stowe Boyd on February 20, 2006.… … Wikipedia