[Ranking] TOP 25 Home Healthcare / Healthcare Companies Q3/2023
Intro
Home healthcare is a critical sub-industry within the broader healthcare sector, providing essential medical services to patients in the comfort of their own homes. With an aging population and increasing demand for personalized care, home healthcare has become an indispensable part of the worldwide economy.
The influence of home healthcare extends far beyond the healthcare sector, impacting various industries such as technology, pharmaceuticals, and insurance. As the industry continues to grow, it creates a ripple effect of employment opportunities and drives innovation in areas like remote patient monitoring and telemedicine.
The economic magnitude of the home healthcare industry is significant and shows no signs of slowing down. In the United States alone, it is projected to reach a value of $225 billion by 2027. This upward trajectory is fueled by factors such as the preference for in-home care, cost-effectiveness, and advancements in medical technology.
Recent trends in home healthcare include the integration of artificial intelligence and machine learning to improve patient outcomes, the adoption of virtual reality for pain management, and the expansion of services to cater to specialized needs such as pediatric and palliative care. However, obstacles such as regulatory challenges and workforce shortages pose ongoing challenges for the industry.
The landscape of home healthcare is constantly evolving, driven by changing demographics, technological advancements, and shifting healthcare policies. As a result, it is crucial to explore the top companies within this dynamic industry to understand their impact and contributions to the provision of quality care in people's homes.
Ranking
#25 National Healthcare Corporation
Employees: 14K
Revenue: 1.2B$
Website: https://www.nhccare.com
Description: National Healthcare Corporation (NHC) is a prominent player in the Home Healthcare industry in North America. With its headquarters in Murfreesboro, United States, NHC has been providing high-quality healthcare services since its establishment in 1971. The company has a workforce of approximately 14,000 dedicated employees who are committed to delivering exceptional care to patients. NHC generates substantial revenue, amounting to 1.2 billion dollars annually. Through their home healthcare services, NHC strives to improve the health and well-being of individuals in the comfort of their own homes, ensuring personalized and compassionate care for patients in need.
#24 LHC Group, Inc.
Employees: 32K
Revenue: 2.7B$
Website: https://www.lhcgroup.com
Description: LHC Group, Inc. is a leading provider of home healthcare services in the United States. Headquartered in Lafayette, Louisiana, the company operates in the Healthcare industry. With a workforce of approximately 32,000 employees, LHC Group focuses on delivering high-quality, compassionate care to patients in the comfort of their own homes. The company was founded in 1994 and has since grown to become a trusted name in home healthcare services. LHC Group generates annual revenue of 2.7 billion dollars, providing a wide range of services including skilled nursing, therapy, and hospice care. Through its dedicated team, LHC Group strives to improve the health and well-being of its patients while reducing healthcare costs and hospital readmissions.
#23 Brookdale Senior Living Inc.
Employees: 80K
Revenue: 3B$
Website: https://www.brookdale.com
Description: Brookdale Senior Living Inc., headquartered in Brentwood, United States, is a leading player in the Home Healthcare industry. Founded in 1978, the company has grown to become a major provider of senior living solutions. With approximately 80,000 employees, Brookdale operates a vast network of senior living communities across North America. The company offers a wide range of services including assisted living, independent living, memory care, and skilled nursing. Brookdale is committed to enhancing the lives of seniors by providing personalized care and innovative programs. With annual revenues of around 3 billion dollars, the company continues to expand its reach and improve the quality of life for seniors in the home healthcare sector.
#22 Genesis Healthcare, Inc.
Employees: 58K
Revenue: 4.2B$
Website: https://www.genesishcc.com/
Description: Genesis Healthcare, Inc. is a prominent player in the Home Healthcare industry. With its headquarters in Kennett Square, United States, the company has been providing quality healthcare services since its establishment in 1985. With a workforce of approximately 58,000 employees, Genesis Healthcare is dedicated to delivering exceptional care to patients in their own homes. The company's revenue stands at an impressive 4.2 billion US dollars. Genesis Healthcare strives to enhance the well-being of individuals through personalized and comprehensive home healthcare services, ensuring optimal patient outcomes and satisfaction.
#21 Select Medical Holdings Corporation
Employees: 45K
Revenue: 4.5B$
Website: https://www.selectmedical.com/
Description: Select Medical Holdings Corporation is a leading player in the Home Healthcare industry. Headquartered in Mechanicsburg, United States, the company has been operating since 1997. With a workforce of approximately 45,000 employees, Select Medical provides a range of healthcare services, specializing in home-based care. The company's mission is to enhance the quality of life for patients by delivering personalized and compassionate care in the comfort of their own homes. Select Medical's dedicated team of healthcare professionals offers a wide array of services including skilled nursing, rehabilitation therapies, medical social work, and palliative care. The company's commitment to excellence and innovation has made it a trusted provider in the Home Healthcare industry. With annual revenues reaching 4.5 billion dollars, Select Medical continues to expand its reach and improve the lives of patients across the United States.
#20 Encompass Health Corporation
Employees: 40K
Revenue: 5B$
Website: https://www.encompasshealth.com
Description: Encompass Health Corporation, headquartered in Birmingham, United States, is a leading company in the Home Healthcare industry. Founded in 1984, the company has grown to employ approximately 40,000 individuals. With a revenue of 5 billion dollars, Encompass Health Corporation is dedicated to providing high-quality, patient-centered care in the comfort of patients' homes. They offer a wide range of services including skilled nursing, rehabilitation therapy, and hospice care. Through their innovative approach and commitment to excellence, Encompass Health Corporation continues to be a trusted name in the Home Healthcare industry, improving the lives of countless individuals across North America.
#19 Kindred Healthcare, Inc.
Employees: 46.5K
Revenue: 6.1B$
Website: https://www.kindredhealthcare.com
Description: Kindred Healthcare, Inc. is a leading provider of home healthcare services in North America. Headquartered in Louisville, United States, the company was founded in 1985. With a workforce of approximately 46.5 thousand employees, Kindred Healthcare offers a range of healthcare services focused on delivering high-quality care to patients in the comfort of their own homes. The company's services include skilled nursing, rehabilitation therapy, and hospice care. Kindred Healthcare is dedicated to improving the health and well-being of its patients, providing personalized care plans and support to enhance their recovery and overall quality of life. With a revenue of 6.1 billion dollars, Kindred Healthcare continues to be a leader in the home healthcare industry, delivering compassionate and comprehensive care to individuals across North America.
#18 Quest Diagnostics Incorporated
Employees: 45K
Revenue: 7.7B$
Website: https://www.questdiagnostics.com
Description: Quest Diagnostics Incorporated is a leading provider in the home healthcare industry. Headquartered in Secaucus, United States, the company offers a wide range of diagnostic testing services to patients and healthcare providers. With a strong focus on quality and accuracy, Quest Diagnostics operates a network of laboratories and patient service centers across North America. The company was founded in 1967 and has since grown to employ approximately 45,000 people. In addition to its extensive workforce, Quest Diagnostics generates significant revenue, with reported earnings of 7.7 billion dollars. Through its innovative testing solutions and commitment to patient care, Quest Diagnostics plays a crucial role in the healthcare industry, supporting the diagnosis and treatment of various medical conditions.
#17 Universal Health Services, Inc.
Employees: 90K
Revenue: 11.4B$
Website: https://www.uhsinc.com/
Description: Universal Health Services, Inc. is a leading healthcare company headquartered in King of Prussia, United States. Founded in 1979, the company operates in the Home Healthcare industry. With a workforce of approximately 90,000 employees, Universal Health Services provides a wide range of healthcare services including home health, hospice, and personal care. The company is committed to delivering high-quality, compassionate care to patients in the comfort of their own homes. Universal Health Services generates an impressive revenue of 11.4 billion dollars, making it one of the major players in the Home Healthcare industry. Through its dedicated team and comprehensive services, the company aims to improve the well-being and quality of life for individuals requiring home healthcare assistance.
#16 Laboratory Corporation Of America Holdings
Employees: 70K
Revenue: 14B$
Website: https://www.labcorp.com/
Description: Laboratory Corporation Of America Holdings, headquartered in Burlington, United States, is a prominent player in the Home Healthcare industry. Founded in 1978, the company has a workforce of approximately 70,000 employees. With a revenue of 14 billion dollars, LabCorp offers a wide range of home healthcare services. They specialize in conducting various medical tests and diagnostics, providing clinical trial services, and delivering drug development solutions. LabCorp serves as a crucial partner for healthcare providers, pharmaceutical companies, and patients worldwide. Through their comprehensive services, they contribute to advancements in the healthcare sector and improve patient outcomes.
#15 Community Health Systems, Inc.
Employees: 85K
Revenue: 14.5B$
Website: https://www.chs.net/
Description: Community Health Systems, Inc. (CHS) is a leading operator in the Home Healthcare industry, providing a wide range of healthcare services to patients in their homes. Headquartered in Franklin, United States, CHS has been serving the community since its establishment in 1985. With a workforce of 85,000 employees, CHS is dedicated to delivering high-quality care and improving the overall well-being of its patients. The company generates an impressive annual revenue of 14.5 billion dollars, demonstrating its significant presence and success in the industry. Through its comprehensive services and commitment to excellence, CHS continues to play a vital role in the healthcare sector, ensuring that patients receive the care they need in the comfort of their own homes.
#14 Molina Healthcare, Inc.
Employees: 20K
Revenue: 15B$
Website: https://www.molinahealthcare.com
Description: Molina Healthcare, Inc. is a leading provider of home healthcare services in the United States. Headquartered in Long Beach, California, the company was founded in 1980. With a workforce of approximately 20,000 employees, Molina Healthcare offers a wide range of healthcare services designed to meet the needs of individuals receiving care in their own homes. The company generates an annual revenue of around 15 billion dollars. Molina Healthcare is committed to delivering high-quality, personalized care to patients, ensuring their well-being and promoting independence. Through its dedicated team of healthcare professionals, Molina Healthcare strives to improve health outcomes and enhance the overall quality of life for its patients.
#13 Tenet Healthcare Corporation
Employees: 108K
Revenue: 18.5B$
Website: https://www.tenethealth.com/
Description: Tenet Healthcare Corporation, headquartered in Dallas, United States, is a prominent player in the Home Healthcare industry. Since its establishment in 1969, the company has grown to become a leading provider of healthcare services. With a workforce of approximately 108,000 employees, Tenet Healthcare is committed to delivering high-quality care to patients across North America. The company generates substantial revenue, amounting to 18.5 billion dollars. Tenet Healthcare Corporation's dedication to improving healthcare outcomes and offering comprehensive services positions it as a key player in the Home Healthcare sector.
#12 Cigna Corporation
Employees: 70K
Revenue: 49.5B$
Website: https://www.cigna.com/
Description: Cigna Corporation, headquartered in Bloomfield, United States, is a leading company in the Home Healthcare industry. Founded in 1982, Cigna operates in the healthcare sector, providing a range of services and products related to home healthcare. With approximately 70,000 employees, Cigna is dedicated to improving the well-being of individuals and communities by offering innovative healthcare solutions. The company's revenue amounted to 49.5 billion dollars, reflecting its strong presence and success in the industry. Cigna is committed to delivering personalized care, promoting wellness, and ensuring accessibility to quality healthcare for its customers.
#11 HCA Healthcare, Inc.
Employees: 270K
Revenue: 51.3B$
Website: https://www.hcahealthcare.com
Description: HCA Healthcare, Inc. is a leading player in the Home Healthcare industry. With its headquarters in Nashville, United States, the company has established itself as a prominent provider of healthcare services. Since its founding in 1968, HCA Healthcare has grown to employ approximately 270,000 dedicated professionals. The company has achieved remarkable success, generating a revenue of 51.3 billion dollars. HCA Healthcare is committed to delivering high-quality healthcare services and ensuring the well-being of patients. Through its extensive network of hospitals, clinics, and other healthcare facilities, HCA Healthcare aims to provide comprehensive and compassionate care to individuals in need.
#10 Humana Inc.
Employees: 50K
Revenue: 64B$
Website: https://www.humana.com
Description: Humana Inc. is a leading healthcare company headquartered in Louisville, United States. Established in 1961, the company operates in the Home Healthcare industry. With a workforce of approximately 50,000 employees, Humana offers a wide range of healthcare services and solutions to individuals and families. The company is committed to improving the health and well-being of its customers by providing innovative and personalized care. Humana generates a revenue of 64 billion dollars, making it one of the key players in the industry. Through its website, https://www.humana.com, the company provides access to various healthcare resources, insurance plans, and tools to support individuals in managing their health effectively.
#9 Aetna Inc.
Employees: 50K
Revenue: 65B$
Website: https://www.aetna.com
Description: Aetna Inc. is a leading player in the Home Healthcare industry. With its headquarters in Hartford, United States, the company operates in North America. Founded in 1853, Aetna has a rich history in providing healthcare services. The company has a workforce of approximately 50,000 employees who are dedicated to delivering high-quality home healthcare solutions. Aetna generates significant revenue, with an annual revenue of 65 billion dollars. Through its extensive network and expertise, Aetna strives to improve the well-being of individuals and families by offering comprehensive home healthcare services.
#8 Anthem, Inc.
Employees: 70K
Revenue: 103B$
Website: https://www.anthem.com/
Description: Anthem, Inc. is a leading healthcare company operating in the Home Healthcare industry. Headquartered in Indianapolis, United States, Anthem is dedicated to improving the health and well-being of individuals and communities. With a rich history dating back to 1944, the company has grown to become a trusted provider of medical, dental, and vision plans, as well as pharmacy benefits management and other healthcare services. With a workforce of approximately 70,000 employees, Anthem's team is committed to delivering innovative solutions and personalized care to their members. The company's annual revenue reaches an impressive 103 billion dollars, reflecting their significant market presence and success in the industry.
#7 Centene Corporation
Employees: 70K
Revenue: 111B$
Website: https://www.centene.com
Description: Centene Corporation, headquartered in St. Louis, United States, is a leading company in the Home Healthcare industry. Founded in 1984, the company has established itself as a major player in providing healthcare services to individuals in the comfort of their homes. With a workforce of 70,000 employees, Centene Corporation is committed to delivering high-quality and personalized care to patients across North America. The company's impressive revenue of 111 billion dollars reflects its strong presence and success in the Home Healthcare sector. Through its comprehensive range of services, Centene Corporation continues to make a significant impact on the healthcare landscape, ensuring that patients receive the care they need in the most convenient and efficient manner.
#6 Walgreens Boots Alliance, Inc.
Employees: 250K
Revenue: 136.9B$
Website: https://www.walgreensbootsalliance.com/
Description: Walgreens Boots Alliance, Inc., headquartered in Deerfield, United States, is a leading player in the Home Healthcare industry. With a rich history dating back to 1901, the company has established itself as a trusted provider of healthcare products and services. With approximately 250,000 employees, Walgreens Boots Alliance operates an extensive network of retail pharmacies and clinics, offering a wide range of prescription drugs, over-the-counter medications, and health and wellness products. The company's commitment to customer convenience is evident through its online platform and mobile app, providing easy access to healthcare resources. Walgreens Boots Alliance generates substantial revenue, with annual earnings reaching 136.9 billion dollars. Through its comprehensive offerings and vast presence, the company continues to play a pivotal role in delivering quality healthcare solutions to individuals and communities.
#5 Cardinal Health, Inc.
Employees: 39K
Revenue: 152B$
Website: https://www.cardinalhealth.com/
Description: Cardinal Health, Inc. is a leading player in the Home Healthcare industry. Headquartered in Dublin, Ohio, United States, the company was founded in 1971. With a workforce of approximately 39,000 employees, Cardinal Health operates on a massive scale. The company generates substantial revenue, with an estimated annual revenue of 152 billion dollars. Cardinal Health is committed to providing essential healthcare products and services to patients in the comfort of their own homes. They offer a wide range of home healthcare solutions, including medical supplies, pharmaceuticals, and equipment. Through their innovative and reliable offerings, Cardinal Health aims to improve patient outcomes and enhance the overall quality of home healthcare delivery.
#4 AmerisourceBergen Corporation
Employees: 20K
Revenue: 185B$
Website: https://www.amerisourcebergen.com
Description: AmerisourceBergen Corporation, headquartered in Chesterbrook, United States, is a leading player in the Home Healthcare industry. Since its founding in 2001, the company has grown to employ approximately 20,000 dedicated professionals. With a revenue of 185 billion dollars, AmerisourceBergen is a prominent contributor to the healthcare sector. The company is actively involved in the distribution of pharmaceutical products, providing innovative solutions and services to patients and healthcare providers. AmerisourceBergen operates a vast network, ensuring the reliable and efficient delivery of healthcare products to homes across North America. Through their commitment to improving patient outcomes and enhancing access to quality care, AmerisourceBergen plays a crucial role in the Home Healthcare industry.
#3 McKesson Corporation
Employees: 82K
Revenue: 231B$
Website: https://www.mckesson.com/
Description: McKesson Corporation, headquartered in San Francisco, United States, is a leading company in the Home Healthcare industry. With a history dating back to 1833, McKesson has established itself as a key player in the healthcare sector. The company operates a wide range of services and solutions to support the delivery of healthcare services at home. McKesson provides medical supplies, equipment, and pharmaceuticals to home healthcare providers, allowing patients to receive necessary care in the comfort of their own homes. With a workforce of approximately 82,000 employees, McKesson is dedicated to improving the quality of home healthcare and ensuring patients have access to the vital resources they need. The company has achieved significant revenue growth, with annual revenues reaching 231 billion dollars, making it one of the largest players in the industry.
#2 UnitedHealth Group Inc.
Employees: 325K
Revenue: 242B$
Website: https://www.unitedhealthgroup.com
Description: UnitedHealth Group Inc., headquartered in Minnetonka, United States, is a leading company in the Home Healthcare industry. Established in 1977, the company has grown to employ approximately 325,000 individuals. With annual revenues of around 242 billion dollars, UnitedHealth Group operates in the healthcare sector, providing a wide range of services and solutions related to home healthcare. The company focuses on delivering high-quality and affordable healthcare to individuals and families, while also collaborating with healthcare providers, payers, and other entities to improve the overall healthcare system. UnitedHealth Group's dedication to innovation and their extensive network of healthcare professionals enable them to offer comprehensive home healthcare solutions that address the evolving needs of patients and contribute to the advancement of the industry.
#1 CVS Health Corporation
Employees: 290K
Revenue: 268B$
Website: https://www.cvshealth.com/
Description: CVS Health Corporation, headquartered in Woonsocket, United States, is a prominent player in the Home Healthcare industry. With a history dating back to 1963, CVS Health has established itself as a leading provider of healthcare services in North America. The company operates a vast network of retail pharmacies, clinics, and pharmacy benefit management services, offering a diverse range of healthcare products and services to millions of customers. CVS Health's dedicated workforce of approximately 290,000 employees ensures the delivery of quality care and support across its operations. With an impressive revenue of 268 billion dollars, CVS Health continues to drive innovation and provide accessible healthcare solutions to improve the well-being of individuals and communities.
Summary
The analysis of the top companies in the Home Healthcare sub-industry has revealed some interesting findings and impressive accomplishments. These companies have been ranked based on their revenue, market share, and growth rate. The leading companies in this sector have managed to achieve significant financial success and have made a name for themselves in the healthcare industry.
One unexpected finding is the rapid growth of the home healthcare market. As the demand for personalized and convenient healthcare services continues to rise, these companies have capitalized on the opportunity and expanded their operations. Another outstanding finding is the innovative use of technology by these companies to improve patient care and streamline operations.
Among the premier companies in the Home Healthcare sub-industry are Company A, Company B, and Company C. These companies have established themselves as leaders in providing home healthcare services and have a strong presence in the market.
One shared element among these top companies is their focus on delivering high-quality care to patients in the comfort of their own homes. By offering a wide range of services, including skilled nursing, rehabilitation therapies, and assistance with daily activities, these companies have managed to attract a large customer base.
What sets these eminent companies apart from their industry rivals is their commitment to innovation and continuous improvement. They have invested in technology solutions, such as remote monitoring devices and telehealth platforms, to enhance patient outcomes and ensure efficient care delivery. Additionally, these companies have developed strong partnerships with healthcare providers, payers, and government agencies to expand their reach and improve access to home healthcare services.