Mercy lost $21 million in 2007. The hospital received $70 million in capital improvements as a condition of its merger with UPMC, according to the report.
Admissions and surgeries increased significantly at the hospital, which is attributed to the ER renovations and a new brain and stroke center as well as the closing of inpatient services at UPMC Mercy South Side.
UPMC has retained Mercy’s Catholic affiliation and uncompensated care at the hospital has doubled from $30 million to $60 million since the merger, according to the report.
Read the Pittsburg Tribune-Review report on UPMC Mercy.
Read more coverage on UPMC:
– Pennsylvania’s Hamot Medical Center Officially Part of UPMC
– UPMC Wants Supreme Court to Review West Penn’s Antitrust Lawsuit
– UPMC Plans Expansion Into China
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.
