The monthly operating margin index for hospitals was 3.8% in July, up from 3.3% in June, indicating the beginning of a slow and sustained recovery for nonprofit hospital systems, according to Kaufman Hall.
While financial and workforce headwinds remain, many systems saw operating margins improve as second-quarter revenues outpaced expense growth year over year.
Here are 36 health systems ranked by their second-quarter revenue:
Note: This is not a comprehensive list.
1. Kaiser Permanente (Oakland, Calif.): $29.1 billion
2. HCA Healthcare (Nashville, Tenn.): $17.5 billion
3. Advocate Health (Charlotte, N.C.): $9.2 billion
4. Providence (Renton, Wash.): $7.7 billion
5. UPMC (Pittsburgh): $7.3 billion
6. Tenet Healthcare (Dallas): $5.1 billion
7. Mass General Brigham (Boston): $5.1 billion
8. Mayo Clinic (Rochester, Minn): $5 billion
9. Northwell Health (New Hyde Park, N.Y.): $4.5 billion
10. Intermountain Health (Salt Lake City): $4.2 billion
11. Cleveland Clinic: $3.9 billion
12. Universal Health Services (King of Prussia, Pa.): $3.9 billion
13. Banner Health (Phoenix): $3.8 billion
14. Bon Secours Mercy Health (Cincinnati): $3.3 billion
15. Community Health Systems (Franklin, Tenn.): $3.1 billion
16. SSM Health (St. Louis): $2.8 billion
17. New-York Presbyterian (New York City): $2.6 billion
18. IU Health (Indianapolis): $2.3 billion
19. Beth Israel Lahey Health (Cambridge, Mass.): $2.3 billion
20. Montefiore Health (New York City): $2.1 billion
21. Sanford Health (Sioux Falls, S.D.): $1.9 billion
22. Orlando (Fla.) Health: $1.8 billion
23. Prisma Health (Greenville, S.C.): $1.7 billion
24. Ardent Health (Nahville, Tenn.): $1.5 billion
25. Allina Health (Minneapolis): $1.4 billion
26. UnityPoint Health (West Des Moines, Iowa): $1.3 billion
27. Allegheny Health Network (Pittsburgh): $1.3 billion
28. Scripps Health (San Diego): $1.2 billion
29. Norton Healthcare (Louisville, Ky.): $1.1 billion
30. Lifespan (Providence, R.I): $873 million
31. Legacy Health (Portland): $709.3 million
32. Tufts Medicine (Boston): $636.6 million
33. Nuvance Health (Danbury, Conn.): $664.5 million
34. Premier Health (Dayton, Ohio): $608.6 million
35. MyMichigan Health (Midland, Mich.): $404.2 million
36. Adena Health (Chillicothe, Ohio): $186.5 million