Top hospitals in Connecticut by net patient revenue
Despite being the fourth smallest U.S. state by total area, Connecticut is not short on hospitals. With 53 active hospitals in the state, Connecticut averages roughly one hospital every 100 square miles.
Connecticutâ€™s 53 hospitals have a collective average net patient revenue (NPR) of $412 million. That is nearly double the nationwide hospital average of $207.6 million. Using the Definitive Healthcare HospitalView product, we have ranked the top hospitals in Connecticut by net patient revenue. The data is from the Medicare Cost Report and is according to the most recent 12-month interval tracked in our database.
|Rank||Connecticut hospital name||City||State||Definitive ID||Net patient revenue||Explore dataset|
|1||Yale New Haven Hospital||New Haven||CT||731||$3,445,415,196||Explore|
|3||Saint Francis Hospital and Medical Center||Hartford||CT||723||$877,610,372||Explore|
|4||Stamford Hospital (AKA Stamford Health)||Stamford||CT||710||$786,186,543||Explore|
|7||The Hospital of Central Connecticut - Bradley Memorial Campus||Southington||CT||716||$541,839,131||Explore|
|8||UConn John Dempsey Hospital (AKA UConn Health Center)||Farmington||CT||717||$533,884,633||Explore|
|10||St Vincents Medical Center||Bridgeport||CT||711||$481,343,164||Explore|
|11||Middlesex Hospital (AKA Middlesex Health System)||Middletown||CT||727||$449,721,000||Explore|
|12||Lawrence & Memorial Hospital||New London||CT||737||$422,744,248||Explore|
|13||Connecticut Childrens Medical Center||Hartford||CT||722||$416,759,823||Explore|
|14||The William W Backus Hospital (AKA Backus Hospital)||Norwich||CT||738||$411,692,641||Explore|
|15||MidState Medical Center||Meriden||CT||730||$346,752,955||Explore|
|17||Saint Marys Hospital||Waterbury||CT||729||$311,204,270||Explore|
|18||Waterbury Hospital (AKA Waterbury HEALTH)||Waterbury||CT||735||$248,962,831||Explore|
|20||Manchester Memorial Hospital||Manchester||CT||719||$208,378,290||Explore|
|21||Charlotte Hungerford Hospital||Torrington||CT||725||$163,619,437||Explore|
|22||Bristol Health (FKA Bristol Hospital)||Bristol||CT||720||$146,041,291||Explore|
|23||Windham Hospital (FKA Windham Community Memorial Hospital)||Willimantic||CT||742||$123,704,286||Explore|
|24||Hospital for Special Care||New Britain||CT||5400||$115,463,212||Explore|
|25||Day Kimball Hospital||Putnam||CT||741||$107,572,940||Explore|
What is the #1 hospital in Connecticut?
The top hospital in CT by net patient revenue is Yale New Haven Hospital, with an NPR of $3.4 billion. Not only does this hospital top the list for the state of Connecticut, but also ranks 14th for the top hospitals in the country by net patient revenue.
With an NPR of $1.7 billion, Hartford Hospital comes in second on the list of top hospitals in CT by net patient revenue.
The third top Connecticut hospital by net patient revenue is Saint Francis Hospital and Medical Center, with an NPR of $877 million.
These three hospitals are located in New Haven and Hartford, which both top the list of the most populated cities in Connecticut. Additionally, they are all members of profitable health systems. Being in highly populated areas, as well as being affiliated with health systems are two likely factors contributing to their high net patient revenues.
What is the largest health system in Connecticut?
The largest health system in Connecticut by net patient revenue is Yale New Haven Health System (Definitive ID 4767). Yale New Haven Hospital, the top hospital by NPR, is part of this health system.
Health system affiliation is one of the key factors contributing to a hospitalâ€™s profitability, explaining why 17 of the 25 hospitals above are affiliated with a health system. Being a member of a health system increases healthcare providersâ€™ access to a larger patient population, as providers try to refer patients to facilities within the same network. Additionally, a hospital that is affiliated with a health system typically has access to all the resources provided within that system rather than operating independently with resources limited to their own facility. Other factors which impact a hospitalâ€™s profitability include location, process improvements, and multiple revenue streams.
Why is net patient revenue important?
Net patient revenue is a key financial metric for healthcare organizations. Understanding which hospitals have the highest NPR can help to identify which hospitals have the greatest financial strength. From an operational perspective, an organization with greater financial strength can more successfully develop meaningful and advanced business strategies. From a sales and marketing perspective, net patient revenue insights can help to identify facilities with larger budgets for purchasing, or facilities that could financially benefit from new products or services.
To see how the top hospitals in CT compare to other states, like New York or Georgia, start a free trial. Healthcare Insights are developed with healthcare commercial intelligence from the Definitive Healthcare platform.