UPMC saw operating income rise in the first quarter of calendar year 2018, but the Pittsburgh-based health system ended the period with lower net income compared to a year prior.
Here are four things to know about the health system's three months ended March 31, 2018, according to recent financial filings.
1. UPMC recorded operating income of $92 million on revenue of $4.6 billion in the first quarter of calendar year 2018, compared to operating income of $72 million on revenue of $3.7 billion in the same period of calendar year 2017.
2. The health system partially attributed the growth to its affiliation with Harrisburg, Pa.-based PinnacleHealth System, as well as its health plan. Enrollment in its health plan comprised 3.4 million members as of March 31, up 8 percent from the first quarter of calendar year 2017. UPMC said admissions and observations also climbed 22 percent year over year.
3. At the same time UPMC saw revenue growth, the health system's capital expenses climbed nearly 7 percent year over year to $214 million.
4. After factoring in cash and investments, UPMC ended the first quarter of calendar year 2018 with net income of $97 million, down from $255 million in the same period a year prior.
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