Health is the Ultimate Wealth
Because Florida is the third largest state in the U.S. by population with more than 23 million residents, the infrastructure to keep it healthy is noteworthy. Across 267 cities in Florida, many of its 356 hospitals across the state work together in large-scale health systems.
What is the difference between an IDN and a health system?
An IDN is an acronym for integrated delivery network. Also called an integrated health network (IHN) or multihospital system (MHS), an IDN is a group of healthcare providers and facilities that operate within specific geographic regions and usually offers a wide range of healthcare services.
While IDNs are considered health systems, not all health systems may be classified as IDNs.
An IDN is a form of health system, but traditional health systems differ in that they are typically independent organizations that work together through contractual agreements and share financial and medical responsibilities.
An IDN has a more cohesive structure, as it oversees all hospitals, facilities, providers, administrators, and technologies within the system.
Since TVG Strategy values health, here is our healthcare landscape, a list of the largest Florida-based health systems ranked by number of affiliated hospitals as of August 2023:
(Format: Florida Health System Name / Health System Headquarter City / Net Patient Revenue / Systemwide total number of staffed beds / Systemwide total number of hospital members)
AdventHealth / Altamonte Spring / $13,135,499,152 /9,063 / 53
HCA Florida Healthcare - HCA West Florida Division / Tampa / $3,515,214,850 / 3,890 / 18
BayCare Health System / Clearwater / $4,066,583,419 / 3440 / 18
HCA Florida Healthcare - HCA North Florida Division / Tallahassee/ $3,971,147,004 / 2788 / 15
HCA Florida Healthcare - HCA East Florida Division / Ft Lauderdale / $3,894,931,020 / 3772 / 14
Shriners Hospitals for Children / Tampa / $28,171,963 / 581 / 14
Baptist Health South Florida / Coral Gables / $4,342,159,039 / 2655 / 12
Orlando Health / Orlando / $4,064,110,622 / 2682 / 11
University of Florida Health / Gainesville / $3,219,854,475 / 2682 / 9
Oglethorpe Inc / Tampa / $87,852,136 / 497 / 8
VA Sunshine Healthcare Network / Tampa / N/A / 2057 / 8
Baptist Health / Jacksonville / $2,040,694,912 / 1138 / 7
Jackson Health System / Miami / $1,471,427,135 / 3005 / 6
Landmark Hospitals / Bonita Springs / $59,639,352 / 168 / 6
Palm Beach Health Network / Coral Springs / $1,621,022,100 / 1559 / 6
Memorial Healthcare System / Hollywood / $2,522,801,239 / 1,804 / 6
Ascension Sacred Heart Health System / Pensacola / $1,300,747,804 / 951 / 5
Lee Health / Fort Myers / $2,322,630,663 / 1736 / 5
Broward Health / Fort Lauderdale / $1,115,980,121 / 1392 / 5
Ascension St Vincents HealthCare / Jacksonville / $878,563,725 / 850 / 4
Before we conclude this blog post, note there are many other factors to consider based on needs such as recognized specialty hospitals (ie Moffit Cancer Institute) as well as world renowned hospitals entering the Florida market (ie Cleveland Clinic and Mayo Clinic). Tremendous research and development is happening in academic institutions from Jacksonville to Miami too (ie UF, UCF, UM).
Where does one begin for diagnosis or ongoing treatment? What is the optimal new business location? Is it better to lease or own? Never hesitate to contact us for healthcare market analyses - “Attention to Detail in Serving our Clients!”
