Carilion Clinic

What Carilion Clinic does

Carilion Clinic is a nonprofit regional healthcare system headquartered in Roanoke, Virginia, founded in 1899 and operating 10,000+ employees, 650+ physicians across 70+ specialties, and a network of hospitals and outpatient facilities across Western Virginia. Its core business is direct patient care delivery — emergency, primary, specialty, and hospital services — billed to insurance providers and patients, with revenue concentrated in acute care, specialty physician services, and emerging tertiary oncology and rehabilitation service lines.

The organization is layered on a technology foundation that combines AI-driven documentation (ambient digital scribes that auto-transcribe patient-provider conversations into clinical notes), a custom EMS-to-EHR interoperability integration that electronically ingested over 20,000 ImageTrend Elite EMS reports into Epic in its first year, and operational robotics (Moxi collaborative robots from Diligent Robotics deployed at Carilion Giles Community Hospital for lab sample delivery and supply runs). Beyond clinical delivery, Carilion operates a small but distinct commercial and innovation footprint: an in-development adaptive high-flow oxygen delivery system (FRNDS) backed by a Commonwealth Commercialization Fund grant; the forthcoming Carilion Taubman Cancer Center with MEVION S250i proton therapy (opening 2028); a 50-bed inpatient rehabilitation hospital joint venture with Select Medical Corporation (opening 2028); the newly launched Usability Works consultancy providing regulatory-aligned usability evaluation for medical device developers; and the ROVA Labs biotechnology incubator, a multi-stakeholder partnership with Virginia Tech, the City of Roanoke, and regional innovation and education organizations.

The strategic posture is one of expanding the clinical service line (proton therapy, rehabilitation capacity, robotics-augmented nursing) while simultaneously building a regional biotech and medtech commercialization ecosystem anchored on Carilion's clinical assets. Customer segments include Western Virginia patients, medical technology companies seeking clinical testing support, and underserved pediatric populations targeted through programs like Super Smile Savers. Pricing is service-specific and not publicly disclosed; revenue mechanics are dominated by insurance-billed clinical services, supplemented by emerging grant and partnership-supported innovation activities.

Name

Carilion Clinic

Legal name

Carilion Clinic

Website

https://carilionclinic.org

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Carilion Clinic is a Virginia-based nonprofit regional health system with 10,000+ employees and 650+ physicians across 70 specialties, operating hospitals, physician practices, and specialty treatment centers serving Western Virginia patients with primary, emergency, oncology, and rehabilitation care.

Ownership category

akta.pro rank

Product category

Hospital Healthcare Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111), Ambulatory Health Care Services (621), Other Outpatient Care Centers (62149)

SIC

Services-General Medical & Surgical Hospitals, Nec (8062), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Retail & Walk-In Primary Care Clinics (HLAFAGAC)

Keywords

• Hospital healthcare services
• Physician specialty care
• Emergency medical services
• Rehabilitation services
• Oncology treatment services

Headquarters

HQ city

Roanoke

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Healthcare Services Revenue: Carilion Clinic generates revenue through patient care services billed to insurance providers and patients, including hospital services, physician visits, diagnostic procedures, and specialized treatments such as proton therapy and rehabilitation services
2. Specialized Medical Treatment Services: Revenue from advanced medical treatments including proton therapy at the Taubman Cancer Center, rehabilitation services through the joint venture with Select Medical, and other specialized clinical services

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Carilion Clinic operates a regional healthcare delivery system providing hospital, outpatient, and physician specialty services across Western Virginia through more than 650 physicians in 70 specialties. It supplements clinical care with specialized treatment facilities (proton therapy, inpatient rehabilitation), innovation initiatives (biotechnology incubator, medical device development), and consulting services for medical technology developers.

Product overview

Carilion Clinic operates as a healthcare system offering diverse medical services and technology innovations. Its product portfolio includes proprietary medical device development (FRNDS adaptive oxygen delivery system), healthcare robotics (Moxi collaborative robots), biotechnology incubation (ROVA Labs), and specialized treatment facilities (proton therapy at Taubman Cancer Center, inpatient rehabilitation hospital). The organization also provides Usability Works, an embedded consultancy offering regulatory-aligned usability evaluation services for medical technology developers. The portfolio represents a platform of clinical care services supplemented by technology innovation initiatives that position the Roanoke-Blacksburg region as a biotechnology hub.

Differentiator

Problem solved

Functional benefit

Brands

• FRNDS: Adaptive high-flow oxygen delivery system being developed by Carilion Medical Center
• Usability Works
• ROVA Labs
• Super Smile Savers

Products and services

• Hospital and Outpatient Care Services
• Carilion Taubman Cancer Center — Proton Therapy
• Inpatient Rehabilitation Hospital (Select Medical Joint Venture)
• Usability Works Consultancy
• ROVA Labs Biotechnology Incubator
• FRNDS (Flow Responsive Nasal Delivery System)
• Super Smile Savers Pediatric Dental Program

Quantifiable outcome

• Over 20,000 EMS reports received electronically in first year through interoperability system
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Select Medical CorporationcoreStrategic or Co-development Partner · 21 May 2026Joint venture to build and operate a new 50-bed inpatient rehabilitation hospital in Roanoke, Virginia. Construction starts spring 2026 with planned opening spring/summer 2028. Aims to expand rehabilitative care for neurological conditions and replace existing 34-bed acute rehabilitation unit.
• ROVA LabscoreStrategic or Co-development Partner · 6 May 2026Biotechnology incubator partnership at Carilion Clinic in Roanoke. ROVA Labs provides shared lab space with wet-lab suites, incubators, 3D printing technology, and prototyping tools for life sciences, biotechnology, and healthcare companies. Projected to create 250 jobs in five years.
• City of RoanokecoreStrategic or Co-development Partner · 6 May 2026City of Roanoke partnered with Carilion Clinic to establish ROVA Labs biotechnology incubator, promoting innovation and supporting emerging biotech companies in the region.
• Roanoke Blacksburg Innovation AlliancecoreStrategic or Co-development Partner · 6 May 2026Innovation alliance partner in ROVA Labs biotechnology incubator, supporting biotech companies and regional innovation hub development in Roanoke-Blacksburg region.
• Virginia Western Community CollegeminorStrategic or Co-development Partner · 6 May 2026Educational institution partner in ROVA Labs biotechnology incubator, providing workforce development and educational connections for life sciences and healthcare sectors.
• Virginia TechcoreStrategic or Co-development Partner · 6 May 2026Research university partner in ROVA Labs biotechnology incubator and Project VITAL, contributing research capabilities and expertise to biotech commercialization efforts in Southwest Virginia.
• City of RoanokecoreStrategic or Co-development Partner · 17 April 2026City of Roanoke and Carilion Clinic partnership to establish biotechnology incubator to promote innovation and support emerging biotech companies in the region.
• Mevion Medical SystemscoreStrategic or Co-development Partner · 13 November 2025Partnership to introduce proton therapy at new Carilion Taubman Cancer Center in Roanoke, opening 2028. Will be among only three facilities in Virginia to offer this advanced treatment using Mevion's MEVION S250i Proton Therapy System for precise radiation therapy.
• Center for Disease Analysis Foundation (CDAF)minorStrategic or Co-development Partner · 5 April 2025CDAF Relink program awarded $782,000 in third round grants to organizations including Carilion Clinic to reconnect diagnosed but untreated Hepatitis C and B patients to care, funded by $8 million Gilead Sciences grant.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Sentara Healthcare: Virginia-based regional nonprofit health system operating hospitals, physician practices, and health plan across the Commonwealth. Directly comparable to Carilion as a similarly structured nonprofit regional provider with overlapping specialty service mix and innovation focus.
• Inova Health System: Northern Virginia-based nonprofit health system with multiple hospitals, extensive specialty care, and innovation programs. Comparable to Carilion in nonprofit structure, multi-specialty scope, and Virginia footprint, though serving a wealthier suburban catchment.
• Geisinger Health: Pennsylvania-based regional nonprofit integrated delivery system known for geographic concentration, technology innovation, and care model research. Closely comparable to Carilion as a similarly concentrated regional nonprofit investing aggressively in technology and population health.
• Bon Secours Mercy Health: Catholic nonprofit health system with substantial Virginia hospital operations across Hampton Roads and Richmond. Comparable to Carilion in scale, multi-specialty regional delivery model, and nonprofit structure serving Virginia communities.
• UVA Health: Virginia-based academic health system headquartered in Charlottesville with extensive specialty care and research mission. Comparable to Carilion as a Virginia multi-specialty provider offering advanced specialty services, and a direct competitor for tertiary referrals from Western Virginia.
• VCU Health: Virginia-based academic health system in Richmond offering advanced specialty care and level-1 trauma services. Comparable to Carilion as a Virginia multi-specialty health system and a competing referral destination for advanced care from the Western Virginia region.

Broad incumbents

• Adventist Health: Multi-state nonprofit health system operating hospitals across the western United States. Comparable to Carilion in nonprofit structure and multi-specialty hospital operations but with significantly broader geographic footprint.
• HCA Healthcare: Largest for-profit hospital operator in the United States with multiple facilities across Virginia and other states. Comparable to Carilion as an operator of acute care hospitals but at vastly greater scale, with for-profit capital structure and a different payer-mix profile.
• Mayo Clinic: National academic medical center with multi-specialty care, advanced oncology including proton therapy, and a strong innovation/translational research mandate. Comparable to Carilion at the highest level of advanced specialty offerings but at vastly greater scale and national reach.
• Cleveland Clinic: National academic medical system operating multi-specialty hospitals with strong innovation, AI, and international programs. Comparable to Carilion as an innovation-forward multi-specialty health system but at much greater scale and geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/carilionclinic
• Facebookfacebook.com/carilionclinic
• LinkedInlinkedin.com/company/carilion-clinic

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carilion Clinic