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Which Hospitals Make the Most Money?

Analysis  |  By Amanda Schiavo  
   January 17, 2023

NiceRX Health analyzed the net patient revenue of individual hospitals to determine which are the most profitable.

Hospitals and health systems have been struggling financially since before the onset of the pandemic, but it’s not all doom and gloom for some healthcare providers.

Despite the challenges to an organization’s economic well-being from factors such as inflation, rising expenses, labor shortages, and the peaks and valleys of COVID-19 outbreaks, some hospitals are still managing to bring in the big bucks.

NiceRX Health, a company that provides access to thousands of FDA-approved prescription medications through various patient assistance programs, has compiled a list of the U.S. hospitals making the most money. NiceRX Health analyzed the net patient revenue of individual hospitals from 2021 to determine which are the most profitable.

"Not only is the healthcare industry important for the well-being of U.S. citizens, but it’s also a lucrative business for investors," NiceRX Health says in its report. "That’s why we wanted to find out which states earn the most money through their hospitals. We’ve looked at the individual hospitals earning the most through net patient revenue, the states with the most for-profit hospitals, and the states who earn the most through their hospitals."

Here are the 10 most profitable hospitals according to NiceRX:

  1. New York-Presbyterian/Weill Cornell Medical Center. The New York City-based healthcare provider has 862 staffed beds and $5.73 billion in net patient revenue.
     
  2. Tish Hospital. The New York City-based healthcare provider has 725 total staffed beds and $5.67 billion in net patient revenue.
     
  3. Cleveland Clinic Main Campus. The Cleveland-based healthcare provider has 1,325 total staffed beds and $5.24 billion in net patient revenue.
     
  4. Vanderbilt University Medical Center. The Nashville-based healthcare provider has 626 total staffed beds and $4.69 billion in net patient revenue.
     
  5. UCSF Helen Diller Medical Center at Parnassus Heights. The San Francisco-based healthcare provider has 785 total staffed beds and $4.61 billion in net patient revenue.
     
  6. University Hospital. The Ann Arbor, Michigan-based healthcare provider has 944 total staffed beds and $4.03 billion in net patient revenue.
     
  7. AdventHealth Orlando (FKA Florida Hospital Orlando). The Orlando-based healthcare provider has 2,247 total staffed beds and $4 billion in net patient revenue.
     
  8. Stanford Hospital. The Stanford, California-based healthcare provider has 523 total staffed beds and $3.98 billion in total patient revenue
     
  9. University of Texas MD Anderson Cancer Center. The Houston-based healthcare provider has 710 total staffed beds and $3.67 billion in total patient revenue.
     
  10. Cedars-Sinai Medical Center. The Los Angeles-based healthcare provider has 882 total staffed beds and $3.55 billion in total patient revenue.
     

Amanda Schiavo is the Finance Editor for HealthLeaders.


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