Largest hospital systems in the US: hospitals, beds and revenue from CMS records

HCA Healthcare is the biggest hospital system in the country on almost any measure that matters to a seller: beds, staff and revenue. But rank by number of hospitals and a rehabilitation chain comes first, which is why every list of the largest health systems looks different.

Company list8 min readPublished

HCA Healthcare is the largest hospital system in the US: 158 Medicare-certified hospitals, 38,515 beds and $60.4 billion of net patient revenue in 2024 CMS cost reports (HCA itself reports 190 hospitals). Next by revenue are CommonSpirit Health ($34.0 billion), Kaiser Foundation Hospitals ($26.6 billion), Advocate Health ($23.4 billion) and Ascension ($22.7 billion). By number of hospitals, Encompass Health, a rehabilitation chain, leads with 175.

  • HCA's hospitals reported $60.4 billion of net patient revenue in 2024 cost reports, 4% of the $1.5 trillion all US hospitals reported.
  • Five of the 25 systems with the most hospitals run mainly rehabilitation or long-term acute care hospitals, and two mainly psychiatric hospitals.
  • CommonSpirit (131 hospitals, 30 of them critical access) is the largest nonprofit system; Kaiser has fewer hospitals (41) but more revenue than Ascension (83).
  • Companies count hospitals differently from CMS: HCA reports 190 hospitals, CMS links 158 Medicare provider numbers to it.
  • The cost report gives beds, staff and revenue for every hospital, which is enough to size most offers before the first call.
On this page

This list is for companies that sell to hospitals (medical device, supply, staffing, software, revenue cycle and facilities vendors) and for anyone who needs a sourced answer to which health systems are biggest. It's built from three public federal datasets you can download yourself: the Centers for Medicare & Medicaid Services (CMS) Hospital Enrollments and Hospital All Owners files (September 2026 release) and the CMS Hospital Provider Cost Report for 2024. For the public companies, we also show their own hospital counts from their 10-Ks.

The 25 hospital systems with the most hospitals

RankSystemBased inOwnershipHospitals (CMS)Main typesBedsNet patient revenue, 2024Hospital staff (FTEs)States
1Encompass HealthBirmingham, ALFor-profit175175 rehabilitation10,762$5.3B27,21740
2HCA HealthcareNashville, TNFor-profit158146 acute, 5 critical access, 5 psychiatric, 2 rehab38,515$60.4B154,33418
3Universal Health ServicesKing of Prussia, PAFor-profit150121 psychiatric, 26 acute, 3 other19,754$12.0B51,71539
4LifePoint HealthBrentwood, TNFor-profit (private)13152 acute, 49 rehab, 22 psychiatric, 8 critical access9,726$9.6B36,46333
5CommonSpirit HealthChicago, ILNonprofit13192 acute, 30 critical access, 9 other17,689$34.0B104,29718
6Select MedicalMechanicsburg, PAFor-profit11686 long-term acute, 30 rehab6,659$4.3B19,07630
7AscensionSt. Louis, MONonprofit8354 acute, 16 critical access, 13 other12,887$22.7B74,09611
8Trinity HealthLivonia, MINonprofit7149 acute, 18 critical access, 4 other10,474$19.9B74,98417
9Tenet HealthcareDallas, TXFor-profit6560 acute, 5 other10,457$15.1B39,22811
10Knight Health Holdings (Kindred Hospitals)Louisville, KYFor-profit (private)6050 long-term acute, 10 acute5,285$3.0B13,05125
11Acadia HealthcareFranklin, TNFor-profit5856 psychiatric, 2 acute5,602$1.8B10,22824
12ProvidenceWashington StateNonprofit5539 acute, 10 critical access, 6 other9,799$20.7B59,0187
13Community Health SystemsFranklin, TNFor-profit5351 acute, 2 critical access6,652$9.8B31,06513
14PAM HealthEnola, PAFor-profit (private)5025 rehab, 23 long-term acute, 2 psychiatric2,440$1.3B6,60917
15Prime HealthcareOntario, CAFor-profit and nonprofit4846 acute, 2 other7,334$6.4B28,57614
16Advocate HealthCharlotte, NCNonprofit4739 acute, 3 critical access, 5 other10,735$23.4B76,7955
17AdventHealthAltamonte Springs, FLNonprofit4640 acute, 4 critical access, 2 other9,527$18.7B69,4869
18Kaiser Foundation HospitalsOakland, CANonprofit4137 acute, 2 psychiatric, 2 critical access9,829$26.6B50,0503
19Ernest HealthMesquite, TXFor-profit (private)4135 rehab, 6 long-term acute1,656$0.8B4,02914
20Bon Secours Mercy HealthCincinnati, OHNonprofit3833 acute, 5 critical access5,730$8.2B31,3134
21Sanford HealthFargo, NDNonprofit3420 critical access, 13 acute, 1 psychiatric2,318$6.6B23,9086
22MercyChesterfield, MONonprofit3417 acute, 17 critical access4,646$7.7B26,3945
23Banner HealthPhoenix, AZNonprofit3119 acute, 9 critical access, 3 other5,684$9.1B27,7096
24Ochsner HealthNew Orleans, LANonprofit3017 acute, 8 critical access, 5 other3,339$6.0B25,0453
25UPMCPittsburgh, PANonprofit2923 acute, 4 critical access, 2 other5,643$12.2B41,4582

Hospitals are Medicare-certified hospitals (six-digit CMS Certification Numbers, excluding psychiatric and rehabilitation units inside other hospitals) whose CMS ownership record lists the system's parent organization as an owner or as having operational or managerial control, in the Hospital All Owners and Hospital Enrollments files released in September 2026. Beds, net patient revenue and full-time equivalent (FTE) employees on payroll are summed from each hospital's 2024 cost report; a few hospitals had no 2024 report on file. "Based in" is the parent's address in the CMS ownership record. Ownership follows each hospital's enrollment as proprietary or nonprofit. Just outside the 25: Ardent Health (29 hospitals) and CHRISTUS Health (26).

The largest systems by revenue

Ranked by the net patient revenue their hospitals reported in 2024 cost reports, among the systems we linked:

RankSystemNet patient revenue, 2024Hospitals (CMS)Beds
1HCA Healthcare$60.4B15838,515
2CommonSpirit Health$34.0B13117,689
3Kaiser Foundation Hospitals$26.6B419,829
4Advocate Health$23.4B4710,735
5Ascension$22.7B8312,887
6Providence$20.7B559,799
7Trinity Health$19.9B7110,474
8AdventHealth$18.7B469,527
9Northwell Health$16.6B195,638
10Tenet Healthcare$15.1B6510,457

All US hospitals together reported $1.5 trillion of net patient revenue in their 2024 cost reports, so HCA's hospitals account for about 4%. Revenue is a better guide to buying power than hospital count: Kaiser has half as many hospitals as Ascension but more revenue, and Northwell, with 19 hospitals, outsells Tenet's 65.

How the companies count their own hospitals

The CMS count and a company's own count differ, because one Medicare provider number can cover several campuses and companies count facilities their own way. From the latest 10-Ks:

CompanyHospitals in its 10-K (at 31 Dec 2025)CMS-linked hospitals2025 revenue (10-K)
HCA Healthcare190 (179 general acute care, 7 behavioral, 4 rehabilitation)158$75.6B
Encompass Health173 inpatient rehabilitation hospitals175$5.9B
Select Medical104 critical illness recovery and 38 rehabilitation hospitals116$5.5B
Community Health Systems69 affiliated hospitals owned or leased53$12.5B
Tenet Healthcare50 hospitals in its Hospital Operations segment65$21.3B
Universal Health Services29 US acute care hospitals, plus behavioral facilities150$17.4B
Acadia Healthcare277 behavioral healthcare facilities58$3.3B

Tenet's CMS count is higher than its own because 24 of the 65 hospitals CMS links to it also list an entity of USPI, Tenet's ambulatory surgery business, as an owner. Acadia's is lower because its 277 facilities include specialty treatment facilities, comprehensive treatment centers and residential programs, not only psychiatric hospitals. When a buyer quotes a hospital count, ask which kind.

How we built the list

  1. Hospitals. We took every six-digit CMS Certification Number in the Hospital Enrollments file (4,527 hospitals, 1,376 critical access hospitals and 57 rural emergency hospitals) and joined the Hospital All Owners file, which lists each enrollment's owners and controlling organizations.
  2. Systems. We grouped hospitals under the parent organization named in those records (for example HCA Healthcare Inc, CommonSpirit Health, Ascension Health), adding subsidiaries that appear as owners under their own names when most of their hospitals already list the parent (23 of Atrium Health's 24 hospitals also list Advocate Health, and 34 of Dignity Health's 42 list CommonSpirit).
  3. Size. Beds, net patient revenue and FTEs come from the 2024 Hospital Provider Cost Report, which covers fiscal years that began in 2024. Revenue is net patient revenue only, not a system's total revenue, which also includes physician groups, insurance plans and other businesses.
  4. Limits. Ownership records are filed by each hospital, and some don't name their parent. Large academic systems are most affected: Massachusetts General Hospital's record doesn't link it to Mass General Brigham, for example, so that system appears smaller than it is and isn't ranked. Department of Veterans Affairs hospitals are largely absent from these Medicare files, so the VA isn't ranked.

Commercial databases and trade publications publish their own rankings by hospitals, staffed beds and revenue. They use proprietary system definitions, so their counts won't match these.

What the list is good for if you sell to hospitals

Know which kind of system you're calling. Acute care systems (HCA, CommonSpirit, Ascension, Trinity) buy for emergency departments, operating rooms and inpatient units. Post-acute operators (Encompass, Select Medical, Kindred Hospitals, PAM, Ernest) buy for therapy and long stays at many similar small hospitals. Behavioral operators (UHS, Acadia) buy for psychiatric care and safety. Rural systems (Sanford, Mercy, Avera) run many critical access hospitals, which federal rules limit to 25 inpatient beds.

Expect decisions at system level. In most multi-hospital systems, supply chain, IT and revenue cycle are run centrally, product decisions go through a value analysis process with clinical input, and a single hospital rarely buys alone. The champion is often a department leader at one hospital; the buyer is the system. This is general guidance; for-profit chains tend to centralize more than nonprofit systems. Our guide to selling to hospitals covers the buying committee, and how to find decision makers covers reaching the right executive.

Size every account from the cost report. Each hospital's beds, FTEs, discharges and net patient revenue are public. That's enough to estimate a seat, bed or volume-based price for every target before the first call. For the full hospital universe, see our list of hospitals.

Worked example

Illustrative example. Shiftline (shiftline.example) sells nurse scheduling software for $8 per hospital FTE per month. Its account executive sizes two systems from the table:

  • Trinity Health: 74,984 FTEs across 71 hospitals. Full deployment: 74,984 x $8 x 12 = about $7.2 million a year. Average per hospital: about 1,056 FTEs, or about $101,000 a year.
  • Sanford Health: 23,908 FTEs across 34 hospitals, 20 of them critical access. Full deployment: about $2.3 million a year. A typical critical access hospital may have only a few dozen to a few hundred staff, so Sanford is a system deal or nothing.

The plan: at Trinity, win one regional hospital group with a nursing executive as champion and expand through the system's value analysis process; at Sanford, pitch the system from the start. At volume, researching each system's structure and the people inside it is the slow part; Bebop researches each account and finds the contacts.

Next step: see how hospital buying committees work in our guide to selling to hospitals.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

What is the largest hospital system in the US?

HCA Healthcare. Its hospitals reported $60.4 billion of net patient revenue and 38,515 beds in 2024 CMS cost reports, far ahead of any other system, and its 10-K lists 190 hospitals at the end of 2025. By number of Medicare-certified hospitals, Encompass Health, which runs 173 inpatient rehabilitation hospitals by its own count, is slightly ahead.

How many hospitals does HCA own?

HCA's 10-K says it operated 190 hospitals at 31 December 2025: 179 general acute care, 7 behavioral and 4 rehabilitation hospitals, plus 121 freestanding surgery centers. CMS ownership records link 158 Medicare provider numbers to HCA, because one provider number can cover several hospital campuses. HCA reported $75.6 billion of revenue for 2025.

What is the largest nonprofit hospital system?

CommonSpirit Health, with 131 Medicare-certified hospitals in CMS ownership records, 17,689 beds and $34.0 billion of net patient revenue in 2024 cost reports. Ascension has the second most nonprofit hospitals (83). By revenue, Kaiser Foundation Hospitals ($26.6 billion from 41 hospitals) and Advocate Health ($23.4 billion) are next. CommonSpirit's total includes 30 critical access hospitals in rural areas.

How many hospitals are there in the US?

CMS's Hospital Enrollments file for September 2026 lists 5,960 Medicare provider numbers: 4,527 hospitals, 1,376 critical access hospitals and 57 rural emergency hospitals. Other counts differ: the American Hospital Association counts hospitals differently, and Veterans Affairs hospitals aren't in the CMS file. Our list of hospitals compares the main counts.

Where can I download a list of hospitals by health system?

Use three free CMS files on data.cms.gov: Hospital Enrollments (every Medicare-certified hospital with its CMS Certification Number), Hospital All Owners (each hospital's owners and controlling organizations) and the Hospital Provider Cost Report (beds, staff, discharges and revenue). Join them on the enrollment ID and CMS Certification Number, then group by parent organization.

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