Advisory Board / ABCO
About Advisory Board
2445 M St. NW, Washington, D.C. 20037
www.advisoryboardcompany.com
| 202-266-5600
| Founded: 1979
Industry: Government And Professional Services | Category: Public Companies
The Advisory Board continues to hang onto its corner of the health-care market and grow with more programs, more subscription renewals and more revenue.
The company announced in October a launch of its Clinical Technology Assessment Program, which offers senior marketing and planning executives of hospitals research that evaluates emerging clinical technologies and the broader market landscape of major clinical lines of business. Another program, the Nursing Business Performance Program, was launched in 2005 to help hospital nurse executives build nursing productivity, decrease turnover and increase business performance with the Advisory Board's research and with its Web-based analytical tool.
For the fiscal year ended March 31, 2005, the company reported a 92 percent member renewal rate for the year, up from 87 percent the year before. Revenue increased 16 percent from the previous year.
CEO: Robert Musslewhite
2005 Financial Data
Revenues: $159,084,000 | Net Income: $23,395,000Asssets: $271,705,000 | Earnings Per Share: $1.18
Total employees: 750 | Local employees: 700
Company Leadership
| Frank J. Williams | CEO |
| Scott M. Fassbach | Chief Research Officer |
| Richard A. Schwartz | General Manager, Research |
| David L. Felsenthal | CFO |
| Scott A. Schirmeier | General Manager, Sales and Marketing |
Source: Compensation data provided by Equilar, Inc..
| Frank J. Williams CEO | $2,170,410 Salary: $500,000 |
| Scott M. Fassbach Chief Research Officer | $904,983 Salary: $535,600 |
| Richard A. Schwartz General Manager, Research | $891,423 Salary: $482,040 |
| David L. Felsenthal CFO | $888,623 Salary: $330,000 |
| Scott A. Schirmeier General Manager, Sales and Marketing | $769,383 Salary: $315,000 |
Did You Know
The Advisory Board provides best-practices research and analysis to the health-care industry, focusing on business strategy, operations and management issues. The company has about 2,500 members from among the country's health systems and medical centers.
