Top 10 Healthcare Companies in USA

Healthcare companies, with their significant contributions, are changing the entire contour of the healthcare ecosystem. Besides empowering the healthcare industry to deliver the best care to users, healthcare companies’ ground-breaking technological innovations are making healthcare more accessible to the population.

With telemedicine, wearable, internet of medical things, artificial intelligence-enabled solutions, robotic-assisted procedures, and other services and products, healthcare companies are creating a resilient health ecosystem. Healthcare companies, through their offerings, are paving the way for fruitful collaborations among medical professionals, reimagining the workforce, and driving transformation in healthcare. Through their offerings, healthcare companies are not just making diagnostics and treatment plans better, they are creating a healthier future for all.

The global healthcare services market valued at $11.341 trillion is anticipated to grow at a CAGR of 8.96% to reach $18.978 trillion by 2030. This tremendous market growth has created around 907,426 healthcare companies in the USA alone, and more are mushrooming!

Here are some of the top 10 companies redefining healthcare in the USA:

Company Name	Location	Website	Revenue
United Health Group	Minnetonka, Minnesota	www.unitedhealthgroup.com	$371.6 billion
CVS Health	Woonsocket, Rhode Island	www.cvshealth.com	$357.8 billion
McKesson	Irving, Texas	www.mckesson.com	$276.71 billion
Cardinal Health	Dublin, Ohio	www.cardinalhealth.com	$205 billion
Cigna	Bloomfield, Connecticut	www.cigna.com	$195.3 billion
Elevance Health	Indianapolis, Indiana	www.elevancehealth.com	$171.34 billion
Centene	St. Louis, Missouri	www.centene.com	$154 billion
Humana	Louisville, Kentucky	www.humana.com	$106.4 billion
HCA Healthcare	Nashville, Tennessee	www.hcahealthcare.com	$60.23 billion
Abbott	Abbott Park, Illinois	www.abbott.com	$40.1 billion

1.   UnitedHealth Group

UnitedHealth Group is based in Minnetonka, Minnesota, and its top executives are Chairman Stephen Hemsley, CEO Andrew Witty, President Dirk McMahon, and CFO John Rex. Founded in 1977, UnitedHealth Group delivers healthcare, health insurance, and pharmacy services. It has over 440,000 employees worldwide and operates through Optum and several UnitedHealthcare subsidiaries.

• Revenue: $371.6 billion
• Net income: $23.14 billion
• Operating income: $32.36 billion
• Total assets: $273.7 billion
• Total equity: $94.42 billion

2.   CVS Health

CVS Health Corporation, formerly CVS Corporation and CVS Caremark Corporation, was founded in 1963 in Lowell, Massachusetts, by Stanley Goldstein, Sidney Goldstein, and Ralph Hoagland. Now, it is headquartered in Woonsocket, Rhode Island. Karen S. Lynch serves as the President and CEO. With an extensive network of 9,365 locations and approximately 300,000 employees, CVS Health Corporation operates within managed healthcare, health insurance, and pharmacy services. Subsidiaries of CVS Pharmacy include MinuteClinic, CVS Caremark, Longs Drugs, Navarro Discount Pharmacies, Omnicare, Aetna, and Oak Street Health.

CVS’ financial performance shows some impressive figures:

• Revenue: $357.8 billion
• Net income: $8.344 billion
• Operating income: $13.74 billion
• Total assets: $249.7 billion
• Total equity: $76.64 billion

3.   McKesson

McKesson Corporation, headquartered in Irving, Texas, evolved from Olcott to Olcott & McKesson and later McKesson & Robbins. The company’s roots trace back to New York City, where John McKesson and Charles M. Olcott laid its foundation in 1833. Operating successfully under the leadership of Brian S. Tyler (CEO), McKesson has a vast product and service portfolio, including pharmaceuticals, medical technology, and healthcare services. With around 51,000 employees, McKesson Corporation has a few subsidiaries, including Rexall, Health Mart, and Uniprix.

The below-mentioned facts suggest that McKesson is faring financially well:

• Revenue: $276.71 billion
• Net income: $3.56 billion
• Operating income: $4.38 billion
• Total assets: $62.32 billion

4.   Cardinal Health

Cardinal Health, Inc., is headquartered in Dublin, Ohio. Founded in 1971 by Robert D. Walter, Cardinal Health serves global users. Its central leadership includes Jason Hollar (CEO), Victor L. Crawford (CEO, Pharma Segment), and Stephen M. Mason (CEO, Medical Segment). With 46,500 employees, Cardinal Health is shaping the healthcare landscape by providing medical, pharmaceutical products, and related services.

The corporation’s financial performance is as follows:

• Revenue: $205 billion
• Net income: $611 billion
• Operating income: $1.9 billion
• Total assets: $44.45 billion
• Total equity: $6.33 billion

5.   Cigna

The Cigna Group, with its corporate headquarters in Bloomfield, Connecticut, is steeped in a legacy that began in 1982. The company is a crucial player in the realm of managed healthcare and insurance. Operating under the stewardship of David Cordani (Chairman and CEO) and Brian Evanko (CFO), Cigna Group’s offerings span healthcare services, health insurance, life insurance, and pharmacy benefit management (PBM). With a workforce of approximately 72,500, it wields its influence across the healthcare landscape with subsidiaries like Express Scripts, Healthspring Inc. and more.

Its financial standing in the healthcare industry is as stated below:

• Revenue: $195.3 billion
• Net income: $5.372 billion
• Operating income: $8.536 billion
• Total assets: $152.8 billion
• Total equity: $46.22 billion

6.   Elevance Health

Elevance Health, Inc., once known as Anthem, Inc., has emerged as a dynamic force within the healthcare landscape. Its inception traces back to the strategic merger between Anthem and WellPoint Health Networks in 2004. Headquartered in Indianapolis, Indiana, this public company operates under the stewardship of Elizabeth E. Tallett (Chairman) and Gail Koziara Boudreaux (President and CEO). Elevance Health is leading its way in healthcare services, health insurance services, care provision, and PBM. With a dedicated workforce of 102,300 and subsidiaries, including Anthem Blue Cross, Blue Shield Affiliated Health Plans, Wellpoint, Carelon, Amerigroup, and UniCare, Elevance Health is a top player across the healthcare spectrum.

Mentioned below is its impressive financial standing:

• Revenue: $171.34 billion
• Net income: $5.98 billion
• Operating income: $7.71 billion
• Total assets: $108.92 billion
• Total equity: $39.4 billion

7.   Centene

Centene Corporation, established in 1984, has its headquarters in St. Louis, Missouri. Under the leadership of Sarah London (CEO) and Susan Smith (COO), Centene primarily operates within managed healthcare and insurance domains. Centene’s portfolio encompasses several healthcare services and health insurance offerings. With a workforce of around 67,700 employees, Centene’s portfolio encompasses several healthcare services and health insurance offerings.

Its financial worth is as follows:

• Revenue: $154 billion
• Net income: $2.7 billion
• Operating income: $2.93 billion
• Total assets: $84.6 billion
• Total equity: $25.9 billion

8.   Humana

Humana Inc., a stalwart in the managed healthcare industry, was established in 1961. Founded by the visionary Wendell Cherry, Humana’s headquarters stand proudly in Louisville, Kentucky. The company’s leadership ensemble includes Kurt J. Hilzinger, the Chairman; Bruce D. Broussard, the CEO; and Susan Diamond, the CFO. With 67,600 employees, Humana offers healthcare services and health insurance to create a healthier, more harmonious world where well-being takes center stage.

Humana’s financial performance is as follows:

• Revenue: $106.4 billion
• Net income: $2.48 billion
• Operating income: $4.01 billion
• Total assets: $47.07 billion
• Total equity: $16.32 billion

9.   HCA Healthcare

HCA Healthcare, Inc., previously called HCA Holdings, Inc., holds a prominent position in the healthcare sector. Established in 1968, this Nashville, Tennessee-based corporation has a wealth of history. Its founders – Thomas F. Frist Sr., Thomas F. Frist Jr., and Jack C. Massey – pioneered a vision that now spans 186 hospitals and approximately 2,000 care sites across 21 states in the United States and the United Kingdom. HCA Healthcare’s c-suite includes Sam Hazen (CEO) and John Reay (CEO, HCA UK). With an unwavering commitment to health and well-being, the organization is positively impacting countless lives.

HCA Healthcare’s financial performance is as follows:

• Revenue: $60.23 billion
• Net income: $3.759 billion
• Operating income: $9.649 billion
• Total assets: $56.211 billion
• Total equity: $1.1 billion

10.   Abbott

Abbott Laboratories, a reputed organization in the healthcare sector, was established in 1888 by Wallace Calvin Abbott. Headquartered in Green Oaks, Illinois, Abbott Laboratories has a dynamic product profile, including medical devices, diagnostics, generic medicines, and nutritional products. With a dedicated workforce of 114,000 employees, Abbott is functioning under the core leadership of Robert B. Ford, the Chairman and CEO, and Robert Funck, EVP and CFO.

Abbott’s financial standing in the healthcare sector is as follows:

• Revenue: $40.1 billion
• Net income: $5.72 billion
• Operating income: $6.48 billion
• Total assets: $73.2 billion
• Total equity: $38.8 billion

Wrapping Up

Healthcare companies carry the load of providing high-quality and swift solutions to their users to create a healthier community. These top companies have proven their mettle and risen above the competition by creating products and services that have an everlasting impact on healthcare.

By utilizing generative AI, nanomedicine, bioprinting, remote monitoring, and more, healthcare companies have drastically changed the healthcare landscape. With their offerings, such as medical devices, pharmaceuticals, and more, these companies have eased processes for healthcare professionals, allowing them to efficiently tend to the user’s needs. Healthcare companies’ powerful bearing fosters well-being and a sense of positivity in communities across the globe.