Top 20 hospitals in Massachusetts by net patient revenue
Home to many of the country’s most well-renowned medical facilities, Massachusetts continues to be one of the states with the highest quality of healthcare. The state also has the highest rate of government healthcare spending in the U.S. at $7,813 per person, nearly $3,000 more than the national average.
Using the Definitive Healthcare HospitalView product, we created a list ranking the top 20 Massachusetts hospitals by their net patient revenue (NPR).
Massachusetts hospitals with the highest net patient revenue
|Rank||Hospital name||City||Net patient revenue||# of discharges||# of staffed beds||Explore dataset|
|1||Massachusetts General Hospital||Boston||$3,376,488,407||46,219||995||Explore|
|2||Brigham and Women's Hospital||Boston||$2,707,497,042||40,825||812||Explore|
|3||Beth Israel Deaconess Medical Center||Boston||$1,890,242,804||37,590||718||Explore|
|4||UMass Memorial Medical Center - University Campus||Worcester||$1,782,615,224||34,974||651||Explore|
|5||Dana Farber Cancer Institute||Boston||$1,564,179,491||1,431||30||Explore|
|6||Boston Children's Hospital||Boston||$1,469,507,982||12,798||415||Explore|
|7||Baystate Medical Center||Springfield||$1,431,361,237||38,519||706||Explore|
|8||Boston Medical Center||Boston||$1,165,411,708||22,667||428||Explore|
|9||Lahey Hospital & Medical Center - Burlington||Burlington||$1,033,757,997||21,448||335||Explore|
|10||Tufts Medical Center||Boston||$859,613,165||17,093||385||Explore|
|11||Charlton Memorial Hospital||Fall River||$830,323,320||29,364||328||Explore|
|12||South Shore Hospital||South Weymouth||$695,022,628||27,321||374||Explore|
|14||Cape Cod Hospital||Hyannis||$578,303,638||16,055||239||Explore|
|15||Berkshire Medical Center||Pittsfield||$501,108,839||10,861||233||Explore|
|16||North Shore Medical Center - Salem Hospital||Salem||$490,943,388||15,125||272||Explore|
|17||Lowell General Hospital - Main Campus||Lowell||$456,513,625||17,777||390||Explore|
|18||St. Elizabeth's Medical Center||Brighton||$422,467,983||10,682||240||Explore|
|19||Saint Vincent Hospital||Worcester||$421,804,498||14,700||259||Explore|
Which Massachusetts hospital has the highest net patient revenue?
Massachusetts General Hospital in Boston has the highest net net patient revenue in the state with $3,376,488,407. The oldest and largest hospital in New England, Massachusetts General Hospital is currently ranked as the 8th best hospital in the nation by U.S. News and World Report and has been consistently ranked as the best hospital in New England for the last several years.
In second place is Brigham and Women's Hospital, also located in Boston. This facility has an NPR of $2,707,497,042. U.S. News and World Report has ranked it as the best hospital in the country for obstetrics and gynocology. The hospital has also earned the publication's highest distinction for care for 18 of the 20 most serious and complicated medical conditions and procedures.
The third-place hospital is Beth Israel Deaconess Medical Center. Another Boston-based facility, its NPR is $1,890,242,804. Beth Israel Deaconess Medical Center is the teaching hospital for the world-renowned Harvard Medical School and is part of Beth Israel Lahey Health, a healthcare system that brings together academic medical centers and teaching hospitals, community and specialty hospitals together with more than 4,000 physicians and more than 35,000 employees.
Since Massachusetts is a relatively small state, most top hospitals are located in Boston or the surrounding Boston area. Seven are located in Boston, while the other 13 are within a 90-mile radius of the city and easily accessible by car or train.
What is net patient revenue?
Net patient revenue (NPR) is the aggregate money generated from patient services collected from payors. These payors include things such as private insurance, Medicaid and Medicare. Hospitals calculate their NPR to paint a clear picture of their financial strength, develop meaningful business strategies, and help ensure that all departments are adequately funded.
A hospital can calculate its net patient revenue by subtracting patient discounts from its total patient revenue. Metrics like contractual adjustments, charitable donations, foundation earnings and bad debt are not included in these calculations.
Healthcare Insights are developed with healthcare commercial intelligence from the Definitive Healthcare platform. Want even more insights? Start a free trial now and get access to the latest healthcare commercial intelligence on hospitals, physicians, and other healthcare providers.