UPMC Grows Operating Income $130M in Six Months
February 05, 2010
University of Pittsburgh Medical Center experienced $130 million in growth in its operating income for the six-month period ended Dec. 31, according to a report by the Pittsburgh Business Times.
Operating revenue increased by $216 million to $4.062 billion for the same time period, and the operating margin grew from 3 percent to 3.2 percent, according to the report.
The increases were driven by growth in insurance, outpatient and physician services as well as investment portfolio growth of $228 million, according to the report.
Read the Pittsburgh Business Times' report on UPMC.
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.