Healthcare Insights
Top 20 hospitals in Virginia by net patient revenue
With a population of more than 8.6 million people, Virginia is one of the larger states on the east coast. In addition to its proximity to our nation’s capital, it also has numerous well-renowned medical facilities and ranks among the top 10 states in the U.S. by the quality of healthcare.
Using the Definitive Healthcare HospitalView product, we created a list ranking the top 20 Virginia hospitals by net patient revenue (NPR) according to the most recent 12-month interval tracked in our database.
| Rank | Hospital name | City | # of staffed beds | Net patient revenue | Explore dataset |
|---|---|---|---|---|---|
| 1 | Inova Fairfax Hospital | Falls Church | 794 | $2,155,046,859 | Explore |
| 2 | University Hospital | Charlottesville | 655 | $2,068,505,987 | Explore |
| 3 | VCU Medical Center Main Hospital | Richmond | 725 | $1,778,042,572 | Explore |
| 4 | Carilion Roanoke Memorial Hospital | Roanoke | 621 | $1,459,650,689 | Explore |
| 5 | Sentara Norfolk General Hospital | Norfolk | 472 | $1,300,307,000 | Explore |
| 6 | Centra Lynchburg General Hospital | Lynchburg | 358 | $894,945,503 | Explore |
| 7 | Johnston-Willis Hospital | Richmond | 292 | $876,716,585 | Explore |
| 8 | Riverside Regional Medical Center | Newport News | 398 | $862,618,342 | Explore |
| 9 | Winchester Medical Center | Winchester | 455 | $694,656,016 | Explore |
| 10 | Henrico Doctors Hospital | Richmond | 340 | $636,683,418 | Explore |
| 11 | St Marys Hospital | Richmond | 378 | $612,297,333 | Explore |
| 12 | VHC Health | Arlington | 378 | $582,934,094 | Explore |
| 13 | Mary Washington Hospital | Fredericksburg | 431 | $536,613,104 | Explore |
| 14 | Childrens Hospital of the Kings Daughters | Norfolk | 189 | $516,315,735 | Explore |
| 15 | Sentara Leigh Hospital | Norfolk | 274 | $490,207,000 | Explore |
| 16 | Inova Loudoun Hospital | Leesburg | 189 | $467,002,312 | Explore |
| 17 | Sentara RMH Medical Center | Harrisonburg | 238 | $458,021,270 | Explore |
| 18 | Inova Alexandria Hospital | Alexandria | 318 | $446,301,219 | Explore |
| 19 | Sentara Virginia Beach General Hospital | Virginia Beach | 239 | $406,845,000 | Explore |
| 20 | LewisGale Medical Center | Salem | 332 | $389,211,528 | Explore |
Fig. 1. Data is from the Definitive Healthcare HospitalView product, according to the most recent 12-month interval tracked in our database. Data is from the April 2023 Medicare Cost Report release. Data is accurate as of April 2023.
Which Virginia hospital has the highest net patient revenue?
Inova Fairfax Hospital in Falls Church has the highest NPR in the state, with more than $2.1 billion. One of the largest facilities in the state by square footage, Inova Fairfax Hospital is ranked as the number one hospital in the D.C. metro area and in the entire state of Virginia by U.S. News and World Report.
In second place is University Hospital, located in Charlottesville. This facility is the teaching hospital for the University of Virginia, the top medical school in the state, and has more than $2 billion in NPR. As the number two hospital in Virginia, the facility is nationally ranked in six pediatric specialties and rated high performing in six adult specialties by U.S. News and World Report.
The third-place hospital is VCU Medical Center Main Hospital in Richmond, with more than $1.7 billion in NPR. This facility is also a teaching hospital, this time for Virginia Commonwealth University, the state’s second-highest-ranked medical school. VCU Medical Center is also the flagship facility of VCU Health, one of the largest health systems in the state.
Where are the top hospitals in Virginia located?
Virginia is one of the largest and most heavily populated states on the east coast, so the top hospitals by NPR are distributed relatively evenly across the state.
The state’s capital, Richmond, has four facilities in the top 20, while Norfolk has two. The rest of the top 20 are all located in different cities across the state.
What is net patient revenue?
Net patient revenue (NPR) is the aggregate money generated from patient services collected from payors. Hospitals need to calculate their NPR because it paints a clear picture of their financial strength, helps them develop meaningful business strategies, and helps to ensure that all departments retain funding year after year.
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 accounted for when calculating NPR.
Learn more
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.
You might also be interested in...
