General Medical and Surgical Hospitals Revenue Benchmarks

How much does the average general medical and surgical hospitals business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$316.2M

per year

💰

Profit Margin

13.0%

industry average

📈

Revenue / Employee

$144K

per year

👤

Total Businesses

2,542

in the US

🏢

Est. Owner Income

$41.1M

small business avg

💵

Labor Cost

50.0%

of revenue

👥

Avg Employee Wage

$81K

per year (BLS)

💼

Market Saturation

0.8

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$562K
5-9 employees
$1.5M
10-19 employees
$1.2M
20-99 employees
$6.8M
100-499 employees
$26.4M
500+ employees
$675.0M

🏆 Highest Revenue States

1.Massachusetts$750.0M avg2.New York$737.7M avg3.Florida$576.3M avg4.Virginia$518.9M avg5.Connecticut$518.3M avg6.California$518.2M avg7.New Jersey$488.8M avg8.Delaware$479.2M avg9.Pennsylvania$468.5M avg10.Maryland$427.1M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

4.58%

openings/year

Closure Rate

2.39%

closings/year

Net Job Growth

+2.7%

annual

Businesses Closed

33

in 2023

Firm Count Trend

19
20
21
22
23
2,423 firms2,437 firms

💡 Should You Start a General Medical and Surgical Hospitals Business?

Startup Cost

$75K – $300K

Break-Even

0 months

5-Year Survival Rate

70.0%

🆚 Related Industries

Offices of Physicians (except Mental Health Specialists)$3.7MOffices of Dentists$915KChild Day Care Services$750KOffices of Chiropractors$280KOffices of Mental Health Practitioners (except Physicians)$443K

Compare General Medical and Surgical Hospitals revenue with other industries:

vs Officesvs Officesvs Child