Of the total community benefits, $313 million were provided to charity care and unreimbursed amounts for programs for the poor. The total also includes $217 million provided in community health programs and donations and $362 million in medical research and education.
“It is extraordinary to note that UPMC touches seven out of 10 people who live in western Pennsylvania, from Pittsburgh to Erie, to Altoona, and many places in between,” G. Nicholas Beckwith III, chairman of UPMC board of directors, said. “UPMC’s mission for more than 30 years has been to serve the region’s diverse neighborhoods and communities large and small with the highest quality care to the sickest and most vulnerable members of our communities.”
More articles about healthcare finance:
71% of healthcare in Calif. publicly funded, study finds
S&P lowers Great Plains Regional Medical Center’s rating to ‘BB-‘
Tenet’s stock price sinks 60% since July 2015: 3 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.