In the last two weeks of March, after the Wolf administration's state shutdown began and thousands of elective procedures were halted, UPMC lost
UPMC ended the first three months of this year with a
The region's other health care systems have reported sharp losses because of the coronavirus pandemic.
UPMC Chief Financial Officer
With patient volume ramping back up as Gov.
"We are well-positioned to move this organization forward as we always have and support our communities," Karlovich told reporters on a virtual news conference. "We'll move forward, once this thing abates, full-speed ahead."
The system received
UPMC providers secured another
Additionally, UPMC drew on
Just 2% of UPMC's 5,500 total hospital beds -- 110 -- were used to treat covid-19 patients, Davis said.
"But our volume is coming back, and it's coming back quickly," Davis said. "Our doctors' offices are rescheduling these procedures and assuring patients that our hospitals are safe while stressing the dangers of putting off care that is scheduled."
As of two weeks ago, every patient at UPMC has been allowed to bring one support person into their rooms, with broader visitation still restricted.
Hospitals remain prepared with enough equipment and resources for possible second or third waves.
"We'll be watching it (the pandemic's impacts) very closely in the second quarter and into the third quarter," Karlovich said. "I don't think any of us know what the future holds with a potential resurgence."
The nonprofit health system, which controls both provider and insurer arms, took in
Much of last year's gains were attributed to 13% returns in the system's
In the first three months of 2020, the portfolio took a
With more than 91,000 employees and a headquarters in
"We do not plan to do any covid-related furloughs or layoffs," Davis said.
UPMC's provider network spans more than 4,900 physicians, 40 hospitals and 700 doctors' and outpatient offices.
Telemedicine visits have spiked in recent months and will continue to be offered. Virtual health visits jumped from about 250 per day in March to 9,500 per day by the end of April.
UPMC's medical insurance membership has grown to 3.8 million people.
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