Navigate Up

UPMC/University of Pittsburgh Schools of the Health Sciences

For Journalists

Vice President & Chief Communications Officer, Public Relations
Telephone: 412-647-6647
Senior Director
Telephone: 412-586-9771

Additional Resources

UPMC Quarterly Disclosure
For the period ended
June 30, 2016 (PDF)

FY2016 Q4 Financial Results
Support slides (PDF)

UPMC Ends Fiscal Year 2016 with Strong Financial Results that Support Clinical Excellence Mission and Commitment to Our Community

UPMC Fiscal Year 2016 Results

  • Operating revenues grew to $13 billion, with operating income of $310 million.
  • UPMC's operating EBIDA – or cash flow income – was $767 million.
  • Total membership in UPMC Insurance Services Division, now the largest medical and behavioral health services insurer in western Pa., increased 10% to 3 million.
  • UPMC continues to advance patient care with capital expenditures and business investments totaling $428 million.
  • UPMC's $90 million pension contribution maintains its funded status and protects employees' retirement plans.
  • $5.1 billion cash and investments provides for long-term sustainability.

PITTSBURGH, August 29, 2016 – UPMC maintained its strong financial performance throughout fiscal year 2016, allowing the region's leading health care provider to continue delivering its nationally ranked clinical excellence while providing nearly $900 million a year in community benefits.

For the fiscal year, UPMC's operating revenues increased to $13 billion, due primarily to a 10 percent growth in insurance services. UPMC Insurance Services Division now has 3 million subscribers and is the largest medical and behavioral health services insurer in western Pennsylvania.

Operating income, which is reinvested in programs that support UPMC's mission of advancing patient care, was $310 million for the period ending June 30, 2016. UPMC's earnings before interest, depreciation and amortization (EBIDA) – a key measure of financial performance and the ability to generate the necessary resources for reinvestment – were $767 million, exceeding $500 million for the 12th consecutive year.

"For our patients, our insurance members and our community, we remain committed to providing high-quality, cost-effective health care all while continuing to provide more care to the region's most vulnerable citizens than any other health care institution," said Robert A. DeMichiei, UPMC executive vice president and chief financial officer.

In August 2016, for the 17th year, UPMC was named to the U.S. News & World Report Honor Roll of "America's Best Hospitals" several weeks after Children's Hospital of Pittsburgh of UPMC was named to the U.S. News & World Report Honor Roll of "America's Best Children's Hospitals" for the seventh year. UPMC earned 12th position on the best hospitals Honor Roll, and Children's earned seventh place on the best children's hospital Honor Roll.

During the fiscal year, UPMC spent $428 million on capital expenditures and business investments. Over the last decade, UPMC has reinvested more than $5 billion to upgrade its technology, facilities and infrastructure, all toward ensuring top-quality care and the best patient experience.

Meanwhile, the recently published 2015-2016 UPMC Community Benefits Report shows UPMC provided $892 million – an average of $2.4 million a day – in IRS-defined community benefits during fiscal year 2015, the most recent data available.

UPMC delivered nearly 70 percent of all hospital charity care in western Pennsylvania, more than double all other hospitals combined, and far-exceeding UPMC's 40 percent share of hospital patients in the region.  

"Our total community benefit contribution equals about fifteen percent of our net patient revenue, topping most other leading medical centers across the country," DeMichiei said.

The report also describes UPMC's $26.5 billion impact on the region's economy.

In addition, as Pennsylvania's largest non-governmental employer, UPMC maintains its commitment to making sure that the retirement plans of its more than 60,000 employees system-wide are fully funded and contributed $90 million to its pension plans.

About UPMC

A world-renowned health care provider and insurer, Pittsburgh-based UPMC is inventing new models of patient-centered, cost-effective, accountable care. It provides nearly $900 million a year in benefits to its communities, including more care to the region's most vulnerable citizens than any other health care institution. The largest nongovernmental employer in Pennsylvania, UPMC integrates 60,000 employees, more than 20 hospitals, more than 500 doctors' offices and outpatient sites, and a 3 million-member Insurance Services Division, the largest medical and behavioral health services insurer in western Pennsylvania. Affiliated with the University of Pittsburgh Schools of the Health Sciences, UPMC ranks No. 12 in the prestigious U.S. News & World Report annual Honor Roll of America's Best Hospitals. UPMC Enterprises functions as the innovation and commercialization arm of UPMC while UPMC International provides hands-on health care and management services with partners in 12 countries on four continents. For more information, go to UPMC.com.

UPMC | Affiliated with the University of Pittsburgh Schools of the Health Sciences Supplemental content provided by Healthwise, Incorporated. To learn more, visit www.healthwise.org

For help in finding a doctor or health service that suits your needs, call the UPMC Referral Service at 412-647-UPMC (8762) or 1-800-533-UPMC (8762). Select option 1.

UPMC is an equal opportunity employer. UPMC policy prohibits discrimination or harassment on the basis of race, color, religion, ancestry, national origin, age, sex, genetics, sexual orientation, gender identity, marital status, familial status, disability, veteran status, or any other legally protected group status. Further, UPMC will continue to support and promote equal employment opportunity, human dignity, and racial, ethnic, and cultural diversity. This policy applies to admissions, employment, and access to and treatment in UPMC programs and activities. This commitment is made by UPMC in accordance with federal, state, and/or local laws and regulations.

Medical information made available on UPMC.com is not intended to be used as a substitute for professional medical advice, diagnosis, or treatment. You should not rely entirely on this information for your health care needs. Ask your own doctor or health care provider any specific medical questions that you have. Further, UPMC.com is not a tool to be used in the case of an emergency. If an emergency arises, you should seek appropriate emergency medical services.

UPMC
Pittsburgh, PA, USA | UPMC.com