West Penn Allegheny Health System posts $9.7M loss

West Penn Allegheny Health System, a five-hospital system based in Pittsburgh, reported a $9.7 million loss for the three-month period that ended March 31, compared with a $14 million loss for the same period of 2014, according to a Pittsburgh Post-Gazette report.

Advertisement

Although the system continues to operate in the red, Dan Laurent, a WPAHS spokesman, told the Pittsburgh Post-Gazette, the system’s operating numbers have improved over the last five quarters.

WPAHS reported revenue of $445.2 million for the three-month period that ended March 31, up slightly from revenues of $444.3 million for the comparable period of last year.

Inpatient admissions at the system’s facilities were up in the three-month period. Mr. Laurent told the Pittsburgh Post-Gazette the increase in admissions and outpatient registrations “reflects our efforts to expand capacity and reach of our programs in the community.”

More articles on healthcare finance:

How to make the hospital revenue cycle more like that of Starbucks and the Ritz
283 rural hospitals vulnerable to closure: 5 things to know
Kansas, Texas back Florida in Medicaid expansion fight

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.