The largest healthcare companies in the U.S. UU. In 2024, UnitedHealthcare Group was the largest healthcare company in the United States in terms of revenue, with more than 371 billion U.S. dollars, followed by CVS Health and McKesson.
This statistic shows the ten largest healthcare companies of EE. UNH, CVS and MCK top the list of the 10 largest healthcare companies by revenue. McKesson is a distributor of pharmaceuticals and other medical products in the U.S. Working with biopharmaceutical companies, care providers, pharmacies, manufacturers and governments, McKesson employs about 51,000 people worldwide.
Cardinal Health is a global manufacturer and distributor of medical and laboratory products and a provider of products and services for healthcare facilities. Through services such as outpatient surgery centers, home care and long-term care, Cardinal Health serves 90% of the entire U.S. Hospitals and 10,000 specialized doctors' offices and clinics. UnitedHealth Group generates revenue primarily through its health insurance plans and healthcare services, while CVS Health derives revenue from its extensive network of retail pharmacies, PBM services and healthcare clinics.
Other companies in the top 10 earn revenues from the distribution of pharmaceutical products and are experiencing growth in various ancillary services, such as health and wellness programs, specialty pharmacy services and medical consulting. Humana reports financial results for the first quarter of 2024 and confirms adjusted financial forecasts for the full year 2024. Below is a list that ranks 10 of the largest healthcare companies, including health plans and systems, based on revenues for the past four quarters. The Definitive Healthcare HospitalView product tracks 900 active health systems. These systems own or manage more than 6,000 hospitals for an average of about six hospitals per health system.
More than half of the 10 largest health systems in the U.S. UU. Depending on the number of patients discharged) they are Catholic property or are affiliated with them. These include CommonSpirit Health, Ascension Health, Trinity Health, Advocate Health, and Providence St. The top 10 health care systems by number of staffed beds serve more than 1200 hospitals and 186 000 hospital beds.
Once again, half of these health systems are Catholic systems. For-profit HCA Healthcare hospitals have more than 41,600 beds in total, making it the largest healthcare system in the U.S. It is also the largest healthcare system by total number of hospitals and net patient admissions. The Department of Veterans Affairs is the second largest health system in the country, with more than 25,200 beds in its hospitals, followed by the Universal Health Service, with 21,103 beds. UnitedHealthcare is the largest insurer in the country and provides coverage to approximately 29 million Americans.
UnitedHealth Group, the parent company of UnitedHealthcare, is the fourth largest company in the U.S. By revenue, behind Walmart, Amazon and Apple. Its other major business unit, Optum, employs approximately 90,000 doctors, making it the largest source of employment for doctors in the country. UnitedHealthcare, part of the UnitedHealth Group, is the largest health insurance company by revenue.
UnitedHealthcare sells individual and family plans and group plans, which you obtain through an employer. In 2024, the healthcare industry is not only focused on innovation, but on making an impact in the real world. From cutting-edge digital health solutions to tackling health disparities head-on, the largest healthcare companies are reshaping the way care is delivered. This blog analyzes the 10 most important publicly traded healthcare companies by market capitalization, and shows advances in the provision of health services and innovation.
Cigna continues to innovate by expanding access to healthcare through its diverse insurance portfolio, pharmacy benefit management and health services. In September 2024, Cigna launched a new electronic treatment option through MDLIVE, providing customers with quick and convenient access to diagnoses and treatment plans in less than an hour without direct interaction. In early 2024, Cigna also partnered with HelloFresh to offer discounted meal kits to approximately 12 million Cigna customers, promoting healthier eating habits and addressing food insecurity through the “Meals with Meaning” initiative. Overview and forecasts on current issues Industry and market perspectives and forecasts Key figures and classifications about companies and products Perspectives and preferences of consumers and brands in various sectors Detailed information on political and social issues All key figures about countries and regions Market forecast and expert KPIs for more than 1000 markets in more than 190 countries and territories Information on consumer attitudes and behavior around the world Detailed information from more than 39,000 online stores and marketplaces Direct access data from 170 industries in more than 150 countriesand more than 1 million.
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UnitedHealth is a health insurance company that also provides data analysis and consulting services to healthcare providers, as well as pharmacy care services. Elevance Health supports health at all stages of life, offering health plans and clinical, behavioral, pharmaceutical and complex care products and services that promote comprehensive health. This financial figure comes from the Medicare cost report for member hospitals of the health system. Overall, the four major health insurance companies represent 50% of the national market share, highlighting the dominance of a few select players at a time when healthcare costs are soaring.
Major health insurance companies often have a large network of doctors and medical providers, giving you options for where to get medical care. Another national health system, its centers are located in 40 states, including Texas, Florida and California. In addition, many of the health systems we have reported on tend to act as group purchasing organizations (GPOs) for member hospitals. The healthcare sector continues to grow as demand for care increases, and many of the world's largest companies are taking note.
The Blue Cross Blue Shield provider network is the largest in the country and includes about 90% of doctors and hospitals. If we analyze several parameters, such as the number of hospitals, net patient admissions, number of staffed beds, number of memberships, and more, the reasonable conclusion is that HCA Healthcare is by far the largest healthcare system in the United States. HCA is the biggest real “healthcare system” and a unicorn, for the reasons I outlined when I wrote about Investor Day. This chart shows the top health insurance companies in the United States by market share, based on data from the American Medical Association.
