Despite the post-COVID-19 financial strain on hospitals, Pittsburgh-based UPMC is still investing in its long-term priorities, CFO Edward Karlovich told Lehigh Valley Business July 10.
Enrollment in the UPMC Health Plan increased year-over-year from 4 million to 4.5 million members, a 9 percent increase. Additionally, UPMC recently signed a letter of intent to negotiate a deal that would integrate Washington (Pa.) Health System into its network.
"We substantially invested for the long-term, improving access to our clinical care and community services throughout all our regions with emphasis on meeting strong patient preference for care to be provided more conveniently in ambulatory settings closer to home," Mr. Karlovich said. "Patient volumes continued to shift from inpatient to outpatient settings."