February 15, 2018

Fortune names 10 hospitals, health systems as 'Best Companies to Work For'

Daily Briefing

    Fortune has named 10 hospitals and health systems to its 2018 list of the "Best Companies to Work For," and all are Advisory Board members.

    New methodology

    Since 1998, Fortune and Great Places to Work have partnered to develop the annual rankings. The rankings are based on survey responses from more than 315,000 employees in over 50 countries on questions about workplace culture and what makes employees "love the work they do," according to Fortune and Great Places to Work. Researchers also review companies' benefits, training and development, and philanthropic efforts.

    After changing the methodology only minimally over the last two decades, researchers made significant revisions for the 2018 rankings to account for changes in the way "we do business—and work." Previously, the rankings focused on trust, pride, and camaraderie. The latest rankings are based on six metrics: values, innovation, financial growth, leadership effectiveness, maximizing human potential, and trust. According to Fortune and Great Places to Work, key to the "new approach is Maximizing Human Potential: We now assess how well companies create a consistently positive experience for all employees, no matter who they are or what they do for the organization."

    Fortune and Great Places to Work noted that a separate study assessing these changes to the methodology found that "organizations scoring highest using our new 'For All' methodology grew their revenue about 10% faster over the same period than [did] the companies that scored best according to our old methodology."

    The best companies

    Under the new methodology, Salesforce was named the No. 1 overall company to work for in this year's rankings. Salesforce has never taken the top spot before. Google, which had been ranked No. 1 several times over the last decade and a half, did not appear in the top 10.

    At No. 15, Texas Health Resources is the highest ranked hospital or health system. Based on the survey, Fortune and Great Places to Work report that at Texas Health Resources, "leaders listen" and staff have "a lot of control over finding the best way to do things." In addition, the company makes work wellness and development priorities, offering "generous" benefits and providing nurses with rotational residencies and mentorships.

    Other hospitals and health systems that ranked among the 100 companies are:

    No. 21: Southern Ohio Medical Center;

    No. 25: Baptist Health South Florida;

    No. 41: Scripps Health;

    No. 57: St. Jude Children’s Research Hospital;

    No. 65: BayCare Health System;

    No. 74: Atlantic Health System;

    No. 77: Children's Healthcare of Atlanta;

    No. 90: OhioHealth; and

    No. 91: Methodist Le Bonheur Healthcare.

    All 10 of the hospitals and health systems recognized are Advisory Board members.

    Several other Advisory Board members—which were not hospitals or health systems—made the list, including drugmakers and health care service providers:

    No. 16: Stryker;

    No. 20: Plante Moran;

    No. 39: VMware;

    No. 69: CHG Healthcare;

    No. 76: Encompass Home Health & Hospice;

    No. 95: Novo Nordick;

    No. 97: AbbVie; and

    No. 100: AT&T (Fortune/Great Places to Work, "100 Best Companies to Work For," accessed 2/15; Fortune, "Texas Health Resources," accessed 2/15; Bush/Lewis-Kulin, Fortune, 2/15).

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