Alamance Regional Medical Center

What Alamance Regional Medical Center does

Alamance Regional Medical Center is a 238-bed medical and surgical hospital in Burlington, North Carolina, operating as a wholly-owned subsidiary within the Cone Health not-for-profit system. The facility delivers heart and vascular care, oncology, women's and children's services (including maternity), and advanced surgical services including da Vinci robotic procedures, serving the Alamance County community and surrounding areas.

Cone Health, the parent system, operates five hospitals, six ambulatory care centers, three outpatient surgery centers, 13 urgent care centers, and more than 120 physician practices across the Triad region spanning Alamance, Forsyth, Guilford, Randolph, and Rockingham counties. The system employs more than 14,000 people with 1,650 physicians on medical staff and 550 volunteers, and operates Cone Health Medical Group (629 physicians) plus the Triad HealthCare Network ACO (1,463 independent physicians). Patient-facing technology is built on Epic with MyChart portal, virtual care/telehealth, and a community pharmacy network; provider tools include Epic mobile apps (Haiku, Canto), Abridge AI documentation, CK AI point-of-care assistant, and StayMap (an internally developed nurse retention model commercialized in 2024). The system is part of Risant Health, a nonprofit created by Kaiser Foundation Hospitals, and operates HealthTeam Advantage, a Medicare Advantage plan covering 22,000+ beneficiaries across 33 North Carolina counties.

Revenue is generated through fee-for-service healthcare delivery (hospital, ambulatory, urgent, primary, specialty), Medicare Advantage premiums via HealthTeam Advantage, retail pharmacy sales, and value-based care contracts. The system files insurance on behalf of patients, accepts Medicaid for most services, and provides financial assistance programs. Governance is non-profit, led by CEO Dr. Paul Krakovits with a Board of Trustees, and the organization is positioned as a value-based, integrated community health network rather than a commercial enterprise.

Name

Alamance Regional Medical Center

Legal name

Cone Health

Website

https://conehealth.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Alamance Regional Medical Center is a 238-bed not-for-profit hospital in Burlington, NC, operating within the Cone Health system. It delivers cardiac, cancer, women's health, and surgical services to patients across North Carolina's Triad region through 150+ integrated care locations.

Ownership category

akta.pro rank

Product category

Hospital Healthcare Services

NAICS

General Medical and Surgical Hospitals (62211)

SIC

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

akta.pro primary industry

Hospital-Integrated Cancer Centers (Acute Oncology Programs) (HLAFAAAM)

akta.pro secondary industries

Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology) (HLAFAKAB), Women’s & Children’s Surgical Care Centers (HLAFAJAM), Oncology & Cancer Specialty Hospitals (HLAFAHAC)

Keywords

• Hospital healthcare services
• Cardiac and cancer care
• Women's and maternity services
• Telehealth and virtual care
• Community pharmacy services

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Services Revenue: Cone Health generates revenue through providing medical healthcare services across hospitals, emergency departments, primary care, specialty care, urgent care, and outpatient services. Billing is handled through Cone Health Patient Financial Services with options for online bill pay via MyChart or PatientWallet.
2. Health Insurance / Medicare Advantage: HealthTeam Advantage, a subsidiary of Cone Health, provides Medicare Advantage plans to more than 22,000 Medicare beneficiaries under HealthTeam Advantage (HTA) in 33 N.C. counties, generating revenue through insurance premiums.
3. Community Pharmacy Services: Cone Health Community Pharmacy locations provide prescription services with retail locations, vaccines, and home delivery, generating revenue through prescription sales.
4. Financial Assistance Programs: Cone Health offers financial assistance programs, Medicaid eligibility support, and community financial support programs including CHIP (Children's Health Insurance Program) for low and middle-income families.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Alamance Regional Medical Center is a 238-bed acute care medical and surgical hospital in Burlington, North Carolina, operating as part of the Cone Health not-for-profit system. The hospital provides specialized clinical services including heart and vascular care, Cone Health Cancer Center, women's and children's (maternity) services, advanced imaging, and surgical care supported by a da Vinci robotic surgery system. It serves patients across the Triad region through integrated inpatient, outpatient, telehealth, and pharmacy access points coordinated via the Epic EMR and MyChart patient portal.

Product overview

Cone Health is a not-for-profit healthcare and wellness system serving communities across North Carolina, comprising multiple hospital facilities (Alamance Regional Medical Center, Moses H. Cone Memorial Hospital, Annie Penn Hospital, Wesley Long Hospital, Behavioral Health Hospital) and over 150 locations including MedCenters and physician practices. The system operates through its integrated network including Cone Health Medical Group (629 physicians across 150 locations) and Triad HealthCare Network (1,463 independent physicians in an accountable care organization). Patient-facing digital services include MyChart portal, Virtual Care telehealth, and Community Pharmacy, while provider tools encompass Epic mobile apps, CK AI clinical assistant, and Abridge conversation-to-notes. Supporting infrastructure includes Cone Health Hub for community affiliate EMR access, StayMap for employee retention analytics, Sagewell Health & Fitness for medically-guided wellness, and HealthTeam Advantage Medicare Advantage plans covering 22,000+ beneficiaries.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Nationally recognized for excellence in heart attack care (Alamance Regional Medical Center and Moses Cone Hospital)
• +3 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability7 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• Risant HealthflagshipStrategic or Co-development PartnerRisant Health is a nonprofit organization created by Kaiser Foundation Hospitals, dedicated to improving the health of millions of people by bringing together like-minded healthcare organizations to increase access to value-based care and raise the bar for approaches that bring the best health outcomes. Cone Health is part of Risant Health.
• Triad HealthCare NetworkcoreStrategic or Co-development PartnerTriad HealthCare Network is one of the nation's most successful accountable care organizations. Cone Health partnered with local physicians to create this consortium of 1,463 independent physicians in Alamance, Guilford, Randolph and Rockingham counties. The collaboration has markedly improved quality and value of care provided to patients.
• HealthTeam AdvantagecoreOthersHealthTeam Advantage is a subsidiary of Cone Health that provides Medicare Advantage plans to more than 22,000 Medicare beneficiaries in 33 N.C. counties. The plan aims to improve health and well-being of communities through personalized service, quality, and enhanced care experiences.
• Greensboro AHECminorOthersGreensboro Area Health Education Center (AHEC) provides professional education and training resources for Cone Health healthcare professionals.
• Alamance County Department of Social ServicesminorOthersPartner for CHIP (Children's Health Insurance Program) helping low and middle-income families afford healthcare for children in Alamance County.
• Guilford County Department of Social ServicesminorOthersPartner for CHIP helping low and middle-income families afford healthcare for children in Guilford County.
• Guilford Community Care NetworkminorOthersGuilford Community Care Network Orange Card program helps uninsured residents of Guilford County access medical and dental care if they meet eligibility criteria.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• AdventHealth: Large not-for-profit health system with 50+ hospitals across nine states, focused on whole-person care and value-based delivery. Comparable in mission, faith-based roots, and emphasis on community health, but operates across broader geographies than Cone Health.
• HCA Healthcare: Largest for-profit hospital operator in the US with 180+ hospitals and 2,400+ sites of care, including Mission Health in western NC. Operates in NC adjacent to Cone Health's footprint and competes for physicians, payers, and capital — but as a multi-state investor-owned system rather than a regional community provider.
• UNC Health: Statewide North Carolina academic health system anchored by UNC Medical Center in Chapel Hill. Provides tertiary care, physician network, and value-based care contracting across NC, overlapping with Cone Health's catchment and competing for employed-physician talent and ACO lives.
• CommonSpirit Health: One of the largest US not-for-profit health systems formed from the Dignity Health and Catholic Health Initiatives merger. Comparable to Risant/Cone Health in mission and scale, operates across multiple states with similar mix of acute hospitals, ambulatory, and population health programs.

Direct peers

• Duke University Health System: Academic medical center and integrated delivery network anchored by Duke University Hospital in Durham, NC. Duke already partners with Cone Health (Duke Children's, Duke Eye, Duke GYN Oncology in Greensboro), competing for tertiary referrals and specialty talent across the Piedmont region.
• Atrium Health Wake Forest Baptist: Academic health system in Winston-Salem, NC, now part of Atrium Health (merged with Advocate Aurora). Operates a Level I trauma center, comprehensive cancer and heart programs, and extensive primary care — directly overlapping Alamance Regional/Cone Health service lines in the Triad market.
• Novant Health: Large not-for-profit regional health system headquartered in Winston-Salem, NC, with hospitals, physician clinics, and a Medicare Advantage plan operating across the Triad and Charlotte regions. Directly competes with Cone Health/Alamance Regional for patients, specialists, and value-based care contracts in the same geography.

Regional players

• ECU Health (formerly Vidant Health): Not-for-profit regional health system serving eastern North Carolina anchored by ECU Health Medical Center in Greenville. Comparable size and not-for-profit community-hospital model, but operates in a distinct geographic catchment from Cone Health's Triad base.
• WakeMed Health & Hospitals: Community-owned not-for-profit health system based in Raleigh, NC, with three hospitals and extensive physician/urgent care footprint. Comparable in scale and mission to Cone Health but primarily serves the Triangle rather than the Triad, making it a regional rather than direct competitor.

Others

• Risant Health: Nonprofit platform created by Kaiser Foundation Hospitals to aggregate value-based community health systems; Cone Health is a member. Not a competitor but the parent/strategic platform — comparable in concept to other large nonprofit system-of-systems vehicles like Ascension or Trinity Health.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/conehealth
• YouTubeyoutube.com/user/ConeHealth
• Facebookfacebook.com/conehealth
• LinkedInlinkedin.com/company/cone-health
• Instagraminstagram.com/conehealth

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries9 records

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 Alamance Regional Medical Center