Methodology

To create the list, Fortune partnered with Statista to evaluate companies on three dimensions of innovation:

• Product innovation, which includes the introduction of new products or services and regular improvement of existing products and services
• Process innovation, which refers to the development and use of new and innovative technologies/production processes, as well as innovative use of digitalization
• Innovation culture, which measures the extent that a company fosters a spirit of entrepreneurship and creativity among its employees

Each dimension accounted for one-third of a company's overall score.

To determine each company's score, Statista conducted several surveys to collect both internal and external views on a company's innovation.

Over 40,000 employees completed surveys scoring their own companies on each of the three dimensions. In addition, over 2,500 experts participated in surveys about their external view on a company's innovation. A 10-member expert advisory board was also organized to evaluate the potential candidates and give their input on the topic of innovation.

A total of 300 companies with the best overall scores were included on the list, with healthcare and financials being the most represented industries. 

The most innovative companies in healthcare

In total, 61 healthcare companies — including 33 Advisory Board members — made the list, including health systems, insurers, pharmaceutical companies, and more:

85. Cigna Group*

88. WVU Medicine*

90. Labcorp Holdings*

91. McKesson

94. Kansas Health System

102. 4D Molecular Therapeutics

123. Baxter International

125. Baylor Scott & White Health

130. Henry Ford Health System*

136. Quest Diagnostics*

138. Stryker*

157. Intermountain Healthcare*

161. UPMC*

163. Walgreens Boots Alliance*

166. CVS Health

172. Akron Children's Hospital

174. Simplify Healthcare

175. Texas Children's Hospital

181. HealthPartners*

183. Carilion Clinic*

193. Kaiser Permanente*

195. ABB Optical Group

198. Hackensack Meridian Health*

200. Ann & Robert H. Lurie Children's Hospital of Chicago

205. Elevance Health*

214. Banner Health*

215. Acadia Healthcare

229. Moderna

235. 3HC Home Health and Hospice Care

236. 24 Hour Home Care

243. Centene

245. Emory Healthcare*

250. Advocate Health

253. Prisma Health*

258. Atlantic Health System*

260. IQVIA Holdings

264. OSF HealthCare

272. Norton Healthcare*

277. CoxHealth

282. Baptist Health South Florida*

283. MaineHealth*

284. Essentia Health*

286. AdventHealth*

288. Molina Healthcare

290. Adapthealth

293. Children's Hospital Colorado*

300. Novant Health*

*Denotes an Advisory Board member

**Advisory Board is a subsidiary of Optum, a division of UnitedHealth Group. All Advisory Board research, expert perspectives, and recommendations remain independent.