Infographic

Healthcare Companies Report 2024 Financials

2 minute
read
Gist graphic of the week

In this week’s graphic, we highlight 2024 financial data from some of the healthcare industry’s most prominent companies and largest provider organizations. Hospitals continue to face a daunting landscape given the sheer size and revenue growth of other actors in the industry. From a revenues perspective, hospitals remain on the smaller side compared with other companies involved in healthcare. In addition, over the past five years, health systems have not grown their revenues as quickly. Amazon and CVS, prominent players in the pharmacy and retail space, have grown their revenue by an average 13% annually compared with 5% for some large health systems. Select insurers and distributors have also enjoyed higher revenue growth than health systems. Additionally, the median hospital continues to face increased expenses and declining profitability, partially due to a tough economic environment. While external pressures are starting to affect others in the industry, notably large payers, given their size and varying revenue streams, many players in other sectors of the industry will have more resources to lean on during challenging times.

Image
Gist revenues graphic
More Gist Graphics of the Week