Introduction
New York City is a bustling metropolis with a large population and a high demand for quality healthcare services. It is home to numerous world - class hospitals that not only serve the local population but also attract patients from across the country and the globe. In this article, we will explore the share of the top 4 hospitals in New York City and also look into the reference prices for services related to blurred contour lines. Blurred contour lines can be associated with various medical conditions, such as in radiology or certain dermatological and orthopedic assessments, and understanding the pricing in top - tier hospitals can provide valuable insights for patients and healthcare planners alike.
Overview of the Healthcare Landscape in New York City
New York is the 4th most populous state in the nation, with nearly 20 million people, and New York City alone has a population of nearly nine million. There are a significant number of hospitals in the state. Definitive Healthcare tracks more than 7,300 active hospitals, with 276 (3.7%) located in New York, and the state ranks 6th in terms of the number of hospitals.
Top 25 Hospitals in New York by Net Patient Revenue
Let's first take a look at the 25 largest hospitals in New York based on net patient revenue, as compiled by Definitive Healthcare. This data is from the most recent 12 - month interval tracked in their database and from the April 2023 Medicare cost report release (accurate as of April 2023).
Rank | Hospital Name | City | Net Patient Revenue |
---|---|---|---|
1 | New York - Presbyterian Weill Cornell Medical Center | New York | $6,880,604,656 |
2 | Tisch Hospital | New York | $6,273,707,636 |
3 | Memorial Sloan Kettering Cancer Center | New York | $4,050,993,980 |
4 | Mount Sinai Medical Center | New York | $2,996,703,558 |
5 | Montefiore Hospital - Moses Campus | Bronx | $2,948,453,000 |
6 | Long Island Jewish Medical Center | New Hyde Park | $2,779,128,197 |
7 | Strong Memorial Hospital | Rochester | $2,702,464,192 |
8 | North Shore University Hospital | Manhasset | $2,151,686,245 |
9 | Stony Brook University Hospital | Stony Brook | $1,781,612,704 |
10 | Westchester Medical Center | Valhalla | $1,465,647,021 |
11 | NYC Health and Hospitals - Bellevue | New York | $1,331,011,715 |
12 | Buffalo General Medical Center | Buffalo | $1,328,771,655 |
13 | Lenox Hill Hospital | New York | $1,305,076,733 |
14 | NYC Health and Hospitals - Jacobi | Bronx | $1,258,464,449 |
15 | Mount Sinai Morningside | New York | $1,237,660,898 |
16 | Upstate University Hospital - Downtown Campus | Syracuse | $1,217,232,611 |
17 | Staten Island University Hospital - North Campus | Staten Island | $1,134,889,898 |
18 | Albany Medical Center | Albany | $1,113,565,605 |
19 | Hospital for Special Surgery | New York | $1,026,986,404 |
20 | NYC Health and Hospitals - Kings County | Brooklyn | $986,191,851 |
21 | Maimonides Medical Center | Brooklyn | $914,808,420 |
22 | Rochester General Hospital | Rochester | $892,967,323 |
23 | St Francis Hospital & Heart Center | Roslyn | $884,418,262 |
24 | New York - Presbyterian Queens | Flushing | $879,302,014 |
25 | New York - Presbyterian Brooklyn Methodist Hospital | Brooklyn | $847,027,995 |
Collectively, the top 25 hospitals in New York State account for more than $50 billion in net patient revenue. New York - Presbyterian Weill Cornell Medical Center takes the first - place spot with a net patient revenue of more than $6.8 billion. It is also one of the largest in the state, with a total of 862 staffed beds. Tisch Hospital comes in a close second with a net patient revenue of over $6.2 billion, and Memorial Sloan Kettering Cancer Center rounds out the top three with a net patient revenue of about $4 billion.
Location of Top Hospitals
All three of the top - ranked hospitals in terms of net patient revenue are based in New York City. Of the 25 hospitals on the list, eight (32%) are located in Manhattan, and an additional seven (28%) are based in other boroughs of New York City such as Brooklyn, Bronx, Queens, or Staten Island. In total, the hospitals in the five boroughs of New York City account for 60% of the hospitals on the list, which is expected given the city's large population and the renowned reputation of many of its hospitals that attract patients from outside the city and state. Five of the hospitals with the highest net patient revenue are in Long Island, while the rest are further upstate in major cities such as Rochester, Syracuse, and Albany.
Share of the Top 4 Hospitals in New York City
Based on the net patient revenue data, the top 4 hospitals in New York City by net patient revenue are New York - Presbyterian Weill Cornell Medical Center, Tisch Hospital, Memorial Sloan Kettering Cancer Center, and Mount Sinai Medical Center.
New York - Presbyterian Weill Cornell Medical Center
As the top - ranked hospital in terms of net patient revenue, New York - Presbyterian Weill Cornell Medical Center holds a significant share of the market. With a net patient revenue of $6,880,604,656, it offers a wide range of services and has a large number of staffed beds, indicating its capacity to serve a large number of patients. It is part of a well - renowned integrated delivery network (IDN) in New York, which gives it a competitive edge in attracting patients. Its share is likely bolstered by its academic medical center status, which means it has access to the latest research, advanced medical technologies, and a highly skilled workforce of doctors, researchers, and nurses.
Tisch Hospital
Tisch Hospital, with a net patient revenue of $6,273,707,636, is a close second. It is also an academic medical center within NYU Langone Health. It serves a large and densely populated area in New York City, leading to a high volume of patients. The hospital offers a wide range of specialized medical services and advanced treatments, which are in high demand. Its research and educational activities also contribute to its reputation, attracting patients seeking the latest medical breakthroughs.
Memorial Sloan Kettering Cancer Center
Memorial Sloan Kettering Cancer Center stands out as one of the top cancer centers in the country. With a net patient revenue of $4,050,993,980, it has a dominant share in the cancer treatment market in New York City. It is a world - leader in cancer research, prevention, and treatment, and patients from around the world come to MSKCC for its cutting - edge therapies and highly specialized oncologists. Its reputation for excellence in cancer care gives it a unique position in the healthcare market, and its share is primarily concentrated in the oncology field.
Mount Sinai Medical Center
Mount Sinai Medical Center, with a net patient revenue of $2,996,703,558, is another major player in the New York City healthcare scene. It is nationally ranked in 12 specialties and 4 children's specialties and is high - performing in 20 procedures/conditions. It offers a comprehensive range of medical services, including primary care, specialty care, and advanced research. Its share is derived from its ability to serve a diverse patient population and its contributions to medical education and research.
Overall, these four hospitals together command a large share of the healthcare market in New York City, due to their reputation, the range of services they offer, their academic and research capabilities, and their large patient volume.
Operating Expenses of Top Hospitals
Running a hospital is expensive, and understanding the operating expenses of the top hospitals can provide insights into their financial situation and the reasons behind their pricing strategies. Operating expenses for hospitals, as defined by the Health Resource and Services Administration (HRSA), include salaries and benefits of staff and providers, employed and contracted physicians, medical supplies, and interest and depreciation on buildings and equipment used in care delivery.
The list of operating expenses generally includes construction and renovation, food service, hospital salaries, hospital and medical equipment, medical and surgical supplies, patient medications, and software and IT solutions. The three biggest expenses for hospitals are typically salaries, medical and surgical supply costs, and fringe benefits.
Using the Definitive Healthcare hospital view product, here are the top hospitals by total operating expense:
Rank | Hospital | City | State | Total Operating Expenses |
---|---|---|---|---|
1 | Tisch Hospital | New York | NY | $7,808,637,443 |
2 | New York - Presbyterian Weill Cornell Medical Center | New York | NY | $7,795,492,000 |
3 | Cleveland Clinic Main Campus | Cleveland | OH | $7,507,484,998 |
4 | Stanford Hospital - 300 Pasteur Dr | Stanford | CA | $6,512,933,260 |
5 | Vanderbilt University Medical Center | Nashville | TN | $6,305,974,522 |
6 | Memorial Sloan Kettering Cancer Center | New York | NY | $5,754,582,348 |
7 | UCSF Helen Diller Medical Center at Parnassus Heights | San Francisco | CA | $5,728,166,739 |
8 | Massachusetts General Hospital | Boston | MA | $5,513,953,107 |
9 | AdventHealth Orlando (fka Florida Hospital Orlando) | Orlando | FL | $5,269,388,338 |
10 | IU Health Methodist Hospital | Indianapolis | IN | $4,952,031,319 |
The top hospital by operating expense is non - profit Tisch Hospital. Part of NYU Langone Health, it serves a large and densely populated area