In Ohio’s healthcare scene, the Cleveland Clinic Main Campus in Cleveland emerges as a standout, boasting the highest net patient revenue (NPR) among the state’s hospitals, reaching nearly $6.04 billion. This flagship institution not only excels in revenue but also leads with the highest number of discharges (51,463) and staffed beds (1,326) statewide.
Known for its exceptional standards, the Cleveland Clinic consistently earns recognition as one of the top hospitals in both the United States and worldwide. Its stellar reputation extends beyond Ohio, enabling it to diversify revenue sources and contribute significantly to its financial prosperity.
Following closely is University Hospitals Rainbow Babies & Children’s Hospital, also situated in Cleveland, with an NPR of $2.24 billion. Despite its comparatively lower figures for discharges (7,882) and staffed beds (231), this children’s teaching hospital affiliated with Case Western Reserve University School of Medicine thrives on specialized services such as neonatal intensive care and pediatric trauma care.
Securing the third position is the non-profit University Hospitals Cleveland Medical Center, matching Rainbow Babies & Children’s Hospital in NPR. As an academic medical center affiliated with Case Western Reserve University, it competes with the Cleveland Clinic Health System.
Together, the top three hospitals—Cleveland Clinic Main Campus, UH Rainbow Babies & Children’s Hospital, and UH Cleveland Medical Center—collectively generated over $10.5 billion in NPR.
Understanding Net Patient Revenue
Net patient revenue (NPR) serves as a crucial financial metric for hospitals, representing the total revenue derived from patient services after accounting for discounts. This encompasses payments from various payors, including private insurance, Medicaid, and Medicare.
Hospitals utilize NPR to gauge their financial standing, devise strategic plans, and ensure adequate funding across all departments. It’s important to note that NPR calculations exclude contractual adjustments, charitable donations, foundation earnings, and bad debt.
In conclusion, hospitals like the Cleveland Clinic Main Campus significantly influence Ohio’s healthcare landscape, setting benchmarks for financial success and quality patient care. As these institutions continue to innovate and expand, they play pivotal roles in advancing healthcare excellence and enhancing community well-being.
