Healthcare Insights

Top 25 Minnesota hospitals by net patient revenue

Net patient revenue (NPR) is one way to rank the financial success of a healthcare organization.  Calculated by subtracting patient discounts from total patient revenue, NPR can provide insight into the financial strength of a hospital.

Below, we’ve listed the top 25 hospitals in Minnesota by net patient revenue in 2022. The data is sourced from Definitive Healthcare’s HospitalView product.

Top 25 hospitals by net patient revenue in Minnesota

RankHospital nameCityDefinitive IDNet patient revenueExplore dataset
1Mayo Clinic Hospital - Saint Mary’s CampusRochester2191$3,317,828,896 Explore
2M Health Fairview University of Minnesota Medical Center - West Bank EastMinneapolis2154$1,679,581,001 Explore
3Abbott Northwestern HospitalMinneapolis2151$1,255,591,204 Explore
4Hennepin County Medical Center (AKA Hennepin Healthcare)Minneapolis2149$1,102,036,000 Explore
5CentraCare - St Cloud HospitalSaint Cloud2223$922,815,071 Explore
6Children’s Hospitals and Clinics of Minnesota – MinneapolisMinneapolis2148$885,866,338 Explore
7Regions HospitalSaint Paul2203$841,725,083 Explore
8Mercy HospitalCoon Rapids2119$763,638,199 Explore
9United HospitalSaint Paul2205$712,200,926 Explore
10Methodist HospitalSt Louis Park2152$709,762,899 Explore
11North Memorial Health HospitalRobbinsdale2156$565,727,142 Explore
12Essentia Health - Duluth (FKA SMDC Medical Center)Duluth2215$504,217,776 Explore
13St Lukes HospitalDuluth2214$488,590,754 Explore
14Mayo Clinic Health System - MankatoMankato2126$487,976,719 Explore
15Essentia Health - St Mary’s Medical CenterDuluth2219$459,554,475 Explore
16M Health Fairview Southdale HospitalEdina2153$450,913,672 Explore
17Sanford Bemidji Medical CenterBemidji2122$311,228,475 Explore
18Essentia Health - St Joseph’s Medical Center (FKA St Joseph’s Medical Center)Brainerd2139$282,737,855 Explore
19Mayo Clinic Health System - Albert LeaAlbert Lea2144$276,607,464 Explore
20Ridgeview Medical Center (AKA RMC)Waconia2132$268,419,956 Explore
21M Health Fairview Ridges HospitalBurnsville2141$257,354,179 Explore
22Gillette Children’s Specialty HealthSaint Paul5413$251,085,847 Explore
23M Health Fairview St John’s Hospital (FKA HealthEast St John’s Hospital)Maplewood2202$247,530,887 Explore
24Maple Grove HospitalMaple Grove542024$233,622,798 Explore
25Olmsted Medical CenterRochester2190$224,937,587 Explore

Fig. 1. Data is from Definitive Healthcare’s HospitalView product. Data is from the Medicare Cost Report and displayed according to the most recent 12-month interval tracked in our database. Data is accurate as of May 2023.

What Minnesota hospitals have the highest net patient revenue?

The Minnesota hospital with the highest net patient revenue is Mayo Clinic Hospital - Saint Mary’s Campus, with an NPR of $3.3 billion. M Health Fairview University of Minnesota Medical Center - West Bank East has the second-highest NPR at $1.7 billion. In third is Abbott Northwestern Hospital, with an NPR of $1.3 billion.

All three of these hospitals are located in either Rochester or Minneapolis, which top the list as some of the most populated cities in Minnesota.

On average, the top 25 hospitals in this list also have a greater number of affiliated physicians. The average number of affiliated physicians for these 25 hospitals is 859.28, which is more than four times the Minnesota and U.S. hospital averages which are 203.11 and 203.31, respectively.

With more affiliated physicians, along with being in highly populated areas, these hospitals are likely to treat more patients, leading to higher net patient revenue.

How many hospitals are in Minnesota?

There are 163 hospitals in Minnesota. Combined, all Minnesota hospitals have a net patient revenue of $23.1 billion. The top 25 hospitals listed above account for 76% of this state-wide NPR.

Compared to the entire country, Minnesota hospitals’ net patient revenue accounts for 2% of all nationwide NPR.

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