UPMC: Reinvesting in the Community
The Form 990s filed with the Internal Revenue Service for UPMC reflect only a small part of this dynamic organization and its significant contributions to western Pennsylvania. As a non-profit, all of UPMC’s excess margin is reinvested in serving the needs of the community. Following are some of the many ways that UPMC is fulfilling its mission:
- UPMC’s economic impact goes far beyond its $6 billion budget and 43,000 employees, including 1,800 new jobs created in 2006 alone. Throughout the region, UPMC generates an additional 80,000 jobs in a wide range of sectors, including manufacturing, construction, education, and government.
- UPMC contributes to the good health of the region by giving back more than $288 million each year in services, charitable contributions, and uncompensated care. The health system has also designed programs to eliminate health care disparities, such as disproportionately high levels of illness among minorities.
- UPMC has invested $1 billion over the past five years in its electronic health record initiative to improve patient safety and to enhance the quality of care.
- UPMC invested $396 million in capital projects in fiscal year 2006. That includes the ongoing construction of a new Children’s Hospital and research complex in Lawrenceville, promising to revitalize that neighborhood.
UPMC has signed agreements worth more than $175 million with IBM, General Electric, Cerner, Alcatel, and dbMotion to jointly develop and market innovative products and services for the health care industry. These joint development funds will create new jobs and economic activity in western Pennsylvania.
In conjunction with the University of Pittsburgh, UPMC attracts more than $400 million a year in grants to the region from the National Institutes of Health, ranking among the top 10 recipients in the United States. These are funds that might otherwise have gone outside of western Pennsylvania.
UPMC purchased more than $70 million worth of goods and services from minority- and women-owned businesses. This commitment to supplier diversity was recognized by the National Minority Supplier Development Council, which named UPMC one of the nation’s top 15 corporations that contract with minority businesses.