Envision Healthcare and Magellan Health join perennial insurers, health systems, and PBMs on the annual list.
This year marked Magellan's debut on the Fortune 500 list, while Envision made its second appearance, after ranking for the first time in 2016.
"It is such an honor for all of us at Magellan to be among this list of impressive and innovative companies that represent the very best in America," Barry Smith, CEO of Magellan, said in a statement. "At Magellan, we will continue to innovate and introduce products that resonate, disrupt the industry and continue to make a difference in people’s lives."
Magellan's success was driven by improvements to the bottom line, including 20.7% revenue growth and 41.5% profit growth. Meanwhile, Envision saw its revenue grow by 220.4% and posted a market value of $4.6 billion as of March 29.
Below is a list of healthcare organizations and where they ranked:
5. UnitedHealth Group Inc.
7. CVS Health Corp.
14. Cardinal Health Inc.
25. Express Scripts Holding Co.
29. Anthem Inc.
49. Aetna Inc.
56. Humana Inc.
61. Centene Corp.
63. HCA Healthcare
73. Cigna Corp.
147. Tenet Healthcare Corp.
152. Molina Healthcare
160. Community Health Systems Inc.
170. WellCare Health Plans Inc.
179. DaVita Inc.
251. Becton, Dickinson and Company
268. Universal Health Services Inc.
390. LifePoint Health
416. Kindred Healthcare Inc.
Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.