UPMC reports record 1st quarter revenue
For the three months ending
Excluding a quarter in 2015 bolstered by a one-time gain, it was the health system's most profitable quarter since 2011, CFO
UPMC's acquisition of the Pinnacle health system in central
Operating income, which is reinvested in programs advancing patient care, increased nearly 28 percent, from
Medical insurance subscriptions increased 8 percent to 3.4 million subscribers. Admissions and observations were up 22 percent compared to a year ago.
UPMC's earnings before interest, depreciation and amortization -- a measure of its financial performance and ability to generate resources for reinvestment -- was
UPMC spent
"UPMC's financial strength reflects increased demand for UPMC's innovative clinical care and allows us to reinvest in life-saving initiatives," DeMichiei said.
The hospital's living donor liver transplant program was cited as an example of such initiatives.
In 2017, and for the first time ever, UPMC said it did more liver transplants from living donors than from deceased ones.
"At UPMC, we strongly believe in the ability of living donor liver transplant to be a lifesaving procedure and offer this as a first-line option to all our patients in need of a liver transplant," DeMichiei said.
___
(c)2018 The Valley News-Dispatch (Tarentum, Pa.)
Visit The Valley News-Dispatch (Tarentum, Pa.) at www.triblive.com
Distributed by Tribune Content Agency, LLC.
Singapore broker arranges first Crypto Currency Storage Insurance
Separate Account 206 of Axa Equitable Life Insurance Co Files SEC Form 485BPOS, Post-effective Amendment [Rule 485(B)]: (Apr. 19, 2018)
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News