Carilion Clinic Receives Third Consecutive Fortune Magazine "America's Most Innovative Companies" Honor
Carilion is the only Virginia healthcare system recognized
For the third consecutive year, Carilion Clinic is on Fortune magazine’s “America's Most Innovative Companies” list, the only Virginia healthcare system to earn the recognition. The 2025 list was created in collaboration with market research and data company Statista and identifies 300 companies chosen for “transforming industries from the inside out.”
Carilion ranks #183 on the ’25 list, which includes 36 hospitals and healthcare systems. Healthcare companies and hospitals earned more accolades, 63, than any other sector in the ranking.
Fortune evaluated companies from mid-September through mid-October 2024. Thousands of employees, management consultants, patent attorneys, recruiters and human resources experts were surveyed about how companies spark innovation through research and development, product invention, process streamlining, and collaborative and thoughtful leadership.
The ranking is based on a methodology resulting in scores in three categories:
- Product innovation — evaluates a company’s products and services, covering attractiveness, design, usability and uniqueness. This score is derived from analyzing a company’s intellectual property (IP) portfolio and the opinion of experts and (potential) customers.
- Process innovation — analyzes all company processes, from sourcing and production to marketing, sales and support. This score is based on internal and external views, factoring in employee, expert and (potential) customer opinions.
- Innovation culture — measures how a company internally fosters an entrepreneurial spirit and creativity and allows ideas to be implemented. Employee opinions are central to this score, but external experts such as recruiters and HR experts were also included.
The America's Most Innovative Companies 2025 list can be found here (subscription required).