Tessa Quinn
Colorado is the 21st most populous state in the US, with a population of 5.8 million people who have access to more than 120 hospitals and eight integrated delivery networks (IDNs). The state's top hospitals, ranked by net patient revenue (NPR), include Children's Hospital Colorado, Denver Health Main Campus, and UCHealth University of Colorado Hospital in Aurora, which is ranked No. 1 in the state by U.S. News.
| Characteristics | Values |
|---|---|
| Number of hospitals in Colorado | More than 120 |
| Number of hospitals evaluated by U.S. News | 107 |
| Number of hospitals meeting high U.S. News standards | 6 |
| Top hospital in Colorado by net patient revenue | UCHealth University of Colorado Hospital |
| Number 2 hospital in Colorado by net patient revenue | Children's Hospital Colorado - Anschutz Medical Campus |
| Number 3 hospital in Colorado by net patient revenue | Denver Health Main Campus |
| Net patient revenue of Children's Hospital Colorado - Anschutz Medical Campus | $1.4 billion |
| Net patient revenue of Denver Health Main Campus | $1.2 billion |
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What You'll Learn
Denver County has 24 hospitals and clinics
Denver County is home to 24 hospitals and clinics, providing a range of healthcare services to the residents of the county and the wider state of Colorado. The Denver Health and Hospital Authority, established as a body corporate and political subdivision of the State of Colorado, operates many of these facilities.
Denver Health, as it is commonly known, has a long history in the region, with its roots tracing back to 1860, even before Colorado became a state. Over the years, it has evolved into a comprehensive health system, catering to the diverse needs of the community. This includes primary, specialty, and acute care, as well as emergency and trauma services. Denver Health also extends beyond the walls of its hospitals, delivering care through initiatives like the Denver Health Paramedics, the Public Health Institute, and School-based Health Centres.
The Denver Health Medical Center, part of the broader Denver Health system, is a notable facility within the county. It offers a wide range of services, including radiology, hepatitis C screening, diabetes care, and more. The medical centre has received recognition for its exceptional patient care, ranking highly in national assessments.
Other prominent hospitals and clinics in Denver County include the Saint Anthony North Health Campus, Porter Adventist Hospital, Swedish Medical Center, and the Medical Center of Aurora. These facilities are managed by major healthcare providers such as Centura Health and HCA, ensuring around-the-clock access to critical healthcare services for the community.
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Colorado residents have access to over 120 hospitals
Colorado is the 21st most populous state in the US, with 5.8 million residents. These residents are fortunate to have access to an extensive healthcare system, comprising over 120 hospitals and eight integrated delivery networks (IDNs).
The state's hospitals cater to a range of specialities and demographics. For instance, Children's Hospital Colorado is an academic pediatric acute care facility affiliated with the University of Colorado Denver School of Medicine. It generated $1.4 billion in net patient revenue (NPR) and is ranked second in the state by this metric. Denver Health Main Campus, part of an IDN, is ranked third in Colorado by NPR, earning $1.2 billion. NPR is calculated by subtracting patient discounts from total patient revenue and is an important metric for hospitals to understand their financial strength and develop funding strategies.
The UCHealth University of Colorado Hospital in Aurora is ranked as the number one hospital in Colorado by U.S. News. It is nationally ranked in four adult specialties. Other hospitals in the state include AdventHealth Avista Hospital, AdventHealth Littleton Hospital, and the Denver Veterans Affairs Medical Center.
The availability of over 120 hospitals ensures that Colorado residents have access to essential healthcare services, emergency response, and specialised care. The state's healthcare infrastructure is further strengthened by the presence of IDNs, which integrate multiple hospitals and healthcare providers to improve patient care and accessibility.
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Six Colorado hospitals meet high US News standards
Colorado is home to several hospitals that have been recognised by US News for their high standards of care. In total, six hospitals in the state have been ranked among the best in the nation by US News & World Report. Three of these are UCHealth hospitals, including the University of Colorado Hospital (UCH), which has been rated highly in four specialties.
UCH has been recognised for its expertise in pulmonology and lung surgery, a specialty shared with National Jewish Health. The hospital has also been ranked as high-performing in treating acute kidney failure, heart conditions (including stroke, arrhythmias, and heart failure), spinal fusion, and hip fractures. Tom Gronow, president and CEO of UCH, attributed the hospital's success to the dedication of its staff and their collaboration with the CU School of Medicine, allowing them to offer the latest treatments and innovations while maintaining exceptional quality care.
AdventHealth also has three hospitals that have been recognised by US News for their comprehensive care. These include the AdventHealth Avista, Littleton, and Parker Hospitals. These medical centres offer a wide range of services and are committed to providing excellent care to their patients across Colorado.
The recognition of these six hospitals in Colorado by US News highlights the state's strong healthcare infrastructure and the dedication of its medical professionals. These hospitals have set a standard for quality care, innovative treatments, and collaboration, ensuring that patients across Colorado have access to the best possible healthcare services.
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Children's Hospital Colorado has $1.4 billion in net patient revenue
Colorado is the 21st most populous state in the US, with 5.8 million residents. The state's hospitals generate billions of dollars in net patient revenue each year.
Children's Hospital Colorado is a non-profit academic pediatric acute care hospital located in Aurora. It is one of the top hospitals in the state in terms of net patient revenue, ranking second among Colorado hospitals with $1.4 billion in net patient revenue. UCHealth University of Colorado Hospital, the principal teaching hospital for the University of Colorado School of Medicine, holds the top spot with more than $2.6 billion in net patient revenue.
Children's Hospital Colorado Health System, which includes Children's Hospital Colorado and its related entities, demonstrated strong financial performance in the first quarter of 2019. The health system reported a net income of $91.4 million, representing a significant increase from the same period in the previous year. This success can be attributed to several factors, including growth in net patient services revenue and gains from investment holdings.
The revenue boost in the first quarter of 2019 can be partly attributed to an increase in net patient services revenue. From 2018 to 2019, net patient services revenue climbed from $265.4 million to $285 million, contributing to the overall revenue of $330.1 million during this period. This 10 percent increase in revenue compared to the same quarter in 2018 highlights the consistent growth and financial stability of Children's Hospital Colorado Health System.
Children's Hospital Colorado's ranking as one of the top hospitals in the state in terms of net patient revenue underscores its significant role in providing healthcare services to the community. The hospital's financial performance and revenue generation reflect its commitment to delivering high-quality care and its ability to manage its resources effectively.
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Denver Health Main Campus earned $1.2 billion in net patient revenue
Denver Health Main Campus is part of the integrated delivery network (IDN) Denver Health. The hospital earned a net patient revenue (NPR) of $1.2 billion for the hospital cost report period ending in December 2023. Net patient revenue is the total money generated from patient services collected from payors, including private insurance, Medicaid, and Medicare. Hospitals calculate their net patient revenue by subtracting patient discounts from total patient revenue. This metric is essential for hospitals to understand their financial strength, develop strategic business plans, and ensure sufficient funding for all departments. Denver Health's revenue performance places it among the top hospitals in Colorado.
Denver Health's competitive revenue performance is further highlighted when compared to other hospitals and medical centers in the region. Banner Health, Denver Health's top competitor, reported significantly higher annual revenue of $7.8 billion. On the other hand, Denver Health's smallest competitor, Franklin County Medical Center, generated substantially lower revenue of $2.1 million in the previous year. These comparisons underscore the impressive financial standing of Denver Health within the healthcare landscape of Colorado.
Denver Health's revenue figures translate into substantial daily and monthly earnings. On average, Denver Health brings in $6.3 million per day, amounting to nearly $190.2 million in revenue each month. This consistent and substantial income stream contributes to the hospital's overall financial stability and ability to invest in various aspects of its operations, including salaries, infrastructure improvements, and technological advancements.
Denver Health's net patient revenue of $1.2 billion is a testament to the hospital's financial success and stability. This significant revenue enables Denver Health Main Campus to maintain its operations, fund various departments, and potentially reinvest in expanding and improving its healthcare services. The hospital's financial strength is a critical factor in ensuring its long-term sustainability and ability to provide quality healthcare to its patients.
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Frequently asked questions
Colorado is home to more than 120 hospitals.
Denver County has 24 hospitals and clinics, while Brevard County in Florida has 24 hospitals and clinics.
The top hospitals in Colorado by net patient revenue are Children's Hospital Colorado - Anschutz Medical Campus and Denver Health Main Campus. The number one hospital in Colorado by U.S. News rankings is UCHealth University of Colorado Hospital in Aurora, CO.
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