The integrated delivery system with 40 hospitals saw its revenue hit $24.4 billion in 2021, a 5.5 percent increase from 2020. The revenue from UPMC’s hospital segment increased to $10 billion in 2021, up from $9.2 billion recorded in 2020. UPMC’s Insurance Services Division also saw its revenue grow from $11.4 billion in 2020 to $12.1 billion in 2021.
The health system also saw its expenses rise year over year to $23.5 billion, up from $22.2 billion in 2020.
For the year ending Dec. 31, 2021, UPMC’s operating income hit $843 million, a decrease of $35 million compared to the same period one year earlier.
After factoring in nonoperating gains of $810 million, UPMC ended 2021 with a net income of $1.5 billion. In 2020, UPMC saw nonoperating gains of $232 million and ended with a net income of $1.1 billion.
“UPMC’s successfully integrated provider-insurer model enables our organization to be strong and nimble in fulfilling our mission of always providing the very best, value-based clinical care, even during challenging times,” said Diane Holder, president and CEO of UPMC Health Plan.
