The Loretto Hospital

What The Loretto Hospital does

The Loretto Hospital is a not-for-profit, acute care community hospital founded in 1923 and located at 645 South Central Avenue in Chicago's Austin neighborhood. It serves over 33,000 patients annually from the Austin community and surrounding West Side areas, offering a broad set of services including 24/7 emergency medicine, general medicine, surgical services, behavioral health and addiction treatment, critical care, cancer screenings, radiology and diagnostic imaging, laboratory, pharmacy, heart and vascular care, women's wellness, dental, eye care, orthopedics, rehabilitation therapy, pulmonary care, and senior services. The hospital holds accreditations from CAP, ACR, CMS, IDPH, and ACGME (for its Psychiatry Residency Program) and operates wraparound community programs including the Community Cupboard food pantry, patient transportation, and financial assistance / charity care. Revenue is generated through patient service billing across Medicare, Medicaid, and major commercial insurers; the hospital is governed by a Board of Trustees with no parent company.

Name

The Loretto Hospital

Legal name

Loretto Hospital

Website

https://lorettohospital.org

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Loretto Hospital is a not-for-profit acute care community hospital in Chicago's Austin neighborhood, serving over 33,000 patients annually since 1923 with emergency, behavioral health, surgical, specialty, and charity care services.

Ownership category

akta.pro rank

Product category

Community Hospital Services

NAICS

General Medical and Surgical Hospitals (6221)

SIC

Services-Hospitals (8060), Services-General Medical & Surgical Hospitals, Nec (8062)

akta.pro primary industry

Faith-Based & Nonprofit Hospital Systems (HLAFAAAE)

Keywords

• Acute care hospital
• Community healthcare
• Behavioral health services
• Emergency medicine
• Diagnostic imaging

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Healthcare Services Revenue: Loretto Hospital generates revenue through providing acute care medical services to patients. The hospital is a not-for-profit organization that serves the Austin community in Chicago. Revenue is derived from patient services including emergency medicine, surgical services, outpatient care, diagnostic services, and various specialty services. The hospital participates in Medicare, Medicaid, and accepts various insurance plans including Aetna, Blue Cross Blue Shield, Cigna, Humana, United Healthcare, and others.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

The Loretto Hospital is a not-for-profit acute care community hospital that delivers comprehensive inpatient and outpatient medical services to Chicago's Austin neighborhood and surrounding communities. It operates a 24/7 emergency department and provides specialty care across behavioral health, cardiology, oncology screenings, surgery, women's health, dental, eye care, rehabilitation, and diagnostic imaging, supplemented by community support programs such as charity care, transportation, and food assistance.

Product overview

The Loretto Hospital is a not-for-profit acute care community hospital serving Chicago's Austin and surrounding communities since 1923. The hospital operates as a single, integrated healthcare delivery system offering comprehensive medical services through multiple departments including Emergency Medicine, General Medicine, Surgical Services, Behavioral Health Services, Critical Care, Cancer Screenings, Radiology/Diagnostic Imaging, Laboratory, Pharmacy, Heart & Vascular Health, Women's Wellness Center, and various specialty services. The hospital also provides community-focused programs such as the Community Cupboard (addressing food insecurity), transportation services, and financial assistance programs. Medical education is provided through an ACGME-accredited Psychiatry Residency Program. Key milestones include launching the Women's Wellness Center in 2025, opening a new Physical Therapy Center in 2023, establishing the first community-focused COVID-19 testing site on Chicago's West Side in 2020, and administering the first Pfizer COVID-19 vaccines in Chicago in December 2020. The hospital has achieved CAP accreditation, ACR mammography accreditation, and CMS certification.

Differentiator

Problem solved

Functional benefit

Products and services

• Emergency Medicine 24/7 emergency medical care services for acute and urgent health conditions requiring immediate attention, delivered at the Kimberly A. Lightford Emergency Department.
• Behavioral Health Services Mental health and addiction treatment services including substance use disorder treatment, outpatient mental health, mobile crisis response, and inpatient mental health care.
• Surgical Services Comprehensive surgical procedures and post-operative care for patients requiring operative interventions.
• Heart & Vascular Health Cardiac care services including cardiovascular diagnostics and treatment, with a telestroke service for immediate stroke care launched in 2017.
• Women's Wellness Center Dedicated women's health services including gynecological care, mammograms, and wellness programs, launched in 2025.
• Cancer Screenings Early detection and screening services for various types of cancer including mammography.
• Radiology/Diagnostic Imaging Medical imaging services including X-rays, MRI, CT scans, ultrasound, and mammography with ACR accreditation.
• Laboratory Services Comprehensive diagnostic laboratory testing and analysis services, CAP accredited.
• Pharmacy Services Inpatient and outpatient pharmacy services including an on-site outpatient pharmacy opened in 2014.
• Eye Care Ophthalmology services including cataract surgery, with the hospital performing Illinois' first dropless cataract surgery in 2014.
• Physical, Occupational & Speech Therapy Rehabilitation services including comprehensive physical therapy, occupational therapy, and speech-language pathology with a new Physical Therapy Center opened in 2023.
• Diabetes Care Diabetes management, education, and treatment services for patients with diabetes.
• Dental Care General dental care and oral health services for community members.
• Psychiatry Residency Program ACGME-accredited graduate medical education program for training psychiatrists.
• Financial Assistance/Charity Care Non-profit financial assistance programs helping patients who cannot afford medical bills, including charity care policy and emergency medical care policy.
• Transportation Service Patient transportation services to help community members access healthcare.
• Community Cupboard Food insecurity initiative addressing nutritional needs of the community through shared shelves of support.

Quantifiable outcome

• Serves over 33,000 patients annually
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Area PhysicianscoreStrategic or Co-development PartnerLoretto Hospital partners with physicians to provide medical services. The hospital maintains a network of affiliated doctors across various specialties including internal medicine, emergency medicine, surgery, obstetrics and gynecology, and other specialties. These partnerships enable the hospital to provide comprehensive medical care to the community.
• Research InstitutionscoreStrategic or Co-development PartnerThrough partnerships with research institutions, Loretto Hospital is able to bring clinical trials and advanced medical research to the Austin community. This helps address health disparities and provides patients access to cutting-edge treatments.
• Northwestern Memorial Hospital, UIC, RushcoreStrategic or Co-development PartnerThe hospital has partnerships with major academic medical centers including Northwestern Memorial Hospital, University of Illinois at Chicago (UIC), and Rush University Medical Center. These partnerships allow doctors from these institutions to provide services at Loretto, bringing specialized care to the community.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• St. Anthony Hospital: Chicago West Side safety-net hospital serving Medicaid and uninsured populations. Operates as a non-profit acute care facility with similar community-mission DNA and comparable acute-care scope.
• Roseland Community Hospital: Far South Side Chicago safety-net hospital with similar non-profit community hospital model, payer mix, and focus on Chicago's most underserved neighborhoods. Closely comparable in mission and structural challenges.
• Cook County Health (Stroger Hospital): Chicago's flagship safety-net public hospital system. Operates as a general medical/surgical hospital serving predominantly Medicaid and uninsured patients with similar community-mission, academic affiliation, and acute care scope as Loretto.
• Holy Cross Hospital Chicago: Southwest Side Chicago faith-based safety-net hospital with very similar non-profit, community-focused operating model and service scope as Loretto, including charity care and community health programs.
• Mount Sinai Hospital Chicago: West Side Chicago safety-net hospital with similar mission, patient demographics, and acute care service mix. Operates as a private non-profit community hospital serving Chicago's underserved communities with comparable payer mix challenges.
• St. Bernard Hospital: Chicago South Side safety-net community hospital offering acute care, behavioral health, and outpatient services to a predominantly low-income, Medicaid population—direct analog to Loretto's Austin community service model.

Broad incumbents

• Northwestern Memorial Hospital: Major academic medical center and existing partner of Loretto. While much larger and broader in scope, it serves as a referral destination and specialty-care extension point for Loretto patients and physicians.
• Rush University Medical Center: Academic medical center partner of Loretto providing specialist rotations and advanced care access. Much broader clinical portfolio but functions as a specialty referral and academic relationship relevant to Loretto's operating model.
• University of Illinois Hospital & Health Sciences System: UIC academic medical system, a stated partner of Loretto. Comparable safety-net mission with broader research and specialty footprint; functions both as a peer and as an upstream referral partner.

Regional players

• Advocate Trinity Hospital: South Side Chicago community hospital within Advocate Health system serving similar demographic and payer-mix populations. Comparable community acute-care operations, though anchored within a larger integrated delivery network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lorettohospital
• LinkedInlinkedin.com/company/1113551

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Loretto Hospital