UPMC provided $1.5 billion in community benefits during the fiscal year 2021, calculated according to IRS guidelines, according to an Aug. 8 press release from the health system.
According to the UPMC Community Benefits Report, the system's annual total economic impact was $46 billion, a number that nearly doubled from five years ago. Furthermore, UPMC invested $300 million to support its workforce with enhanced pay and benefits.
Edward Karlovich, UPMC executive vice president and chief financial officer, said that the health system prioritizes investing in initiatives and programs that address the most prevalent needs of the community.
"We recognize that the wellbeing of those we serve goes well beyond their physical health, and I am proud of the resources UPMC has contributed, especially in the midst of the challenges of a global pandemic, to ensure that these needs are addressed," Mr. Karlovich said.
The $1.5 billion total includes:
- $444 million to make care more accessible to vulnerable community residents, including $101 million in free or discounted care to 16,000 patients.
- $473 million for community health and wellness programs and charitable contributions.
- $593 million for medical research and education, advancing breakthrough treatments and cures while training the next generation of clinicians.