About the list

Fortune compiled the list based on the total revenues of for-profit companies for their 2023 fiscal years. To be eligible for the list, companies must have filed financial documents with a state or federal agency.

For the list, Fortune sorted companies based on their sector. Within healthcare, Fortune sorted companies based on different healthcare industries, including wholesalers, insurance and managed care, medical products and equipment, and pharmaceuticals. 

Notably, many health systems are organized as nonprofits, which aren't eligible for inclusion on the Fortune 500 list.

Healthcare companies on the Fortune 500 list

The five medical facilities on the Fortune 500 list are:

61. HCA Healthcare (Nashville, TN)

195. Tenet Healthcare (Dallas, TX)

299. Universal Health Services (King of Prussia, PA)

330. Community Health Systems (Franklin, TN)

341. DaVita (Denver, CO)

The list also includes five health insurance companies:

4. UnitedHealth Group* (Minnetonka, MN)

20. Elevance Health (Indianapolis, IN)

22. Centene (St. Louis, MO)

38. Humana (Louisville, KY)

128. Molina Healthcare (Long Beach, CA)

(*Daily Briefing is published by Advisory Board, a division of Optum, which is a wholly owned subsidiary of UnitedHealth Group.)

13 pharmaceutical companies made the list:

42. Johnson & Johnson (New Brunswick, NJ)

67. Merck (Readington, NJ)

69. Pfizer (New York, NY)

77. AbbVie (Chicago, IL)

98. Bristol-Myers Squibb (New York, NY)

127. Eli Lilly (Indianapolis, IN)

151. Amgen (Thousand Oaks, CA)

154. Gilead Sciences (Foster City, CA)

267. Viatris (Canonsburg, PA)

311. Regeneron Pharmaceuticals (Tarrytown, NY)

400. Vertex Pharmaceuticals (Boston, MA)

401. Biogen (Cambridge, MA)

445. Zoetis (Parsippany-Troy Hills, NJ)

Nine companies in the medical products and equipment sector made the list:

108. Abbott Laboratories (Chicago, IL)

153. Danaher (District of Columbia)

197. Stryker (Kalamazoo, MI)

206. GE HealthCare Technologies (Chicago, IL)

211. Becton Dickinson (Franklin Lakes, NJ)

270. Baxter International (Deerfield, IL)

300. Boston Scientific (Marlborough, MA)

484. Zimmer Biomet Holdings (Warsaw, IN)

497. Intuitive Surgical (Sunnyvale, CA)

Six pharmacy and other healthcare service companies made the list:

6. CVS Health (Woonsocket, RI)

16. Cigna Group (Bloomfield, CT)

275. IQVIA Holdings (Durham, NC)

309. Labcorp Holdings (Burlington, NC)

423. Quest Diagnostics (Secaucus, NJ)

436. BrightSpring Health Services (Louisville, KY)

The list also included five wholesalers within the healthcare industry:

9. McKesson (Irving, TX)

10. Cencora (Conshohocken, PA)

14. Cardinal Health (Dublin, OH)

333. Henry Schein (Melville, NY)

388. Ownes & Minor (Mechanicsville, VA)

The list also included one scientific equipment company: Thermo Fisher Scientific (Waltham, MA).

Walmart once again topped the overall Fortune 500 list, followed by Amazon and Apple. (Fortune 500 list, 6/4; Fortune 500 methodology, accessed 6/5)

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