C. Talbot Heppenstall, Jr., has been treasurer at UPMC since 2003 and executive vice president since 2013. Mr. Heppenstall is responsible for overseeing the day-to-day cash needs of UPMC, along with the investment management of its $7.3 billion of cash and investments, its pension portfolio and oversight of its outstanding municipal bonds and other debt. As president of UPMC Enterprises, Mr. Heppenstall is leading UPMC’s efforts to commercialize its managerial and health care expertise, particularly in the area of information technology. With a focus first on improving the quality, efficiency and patient experience at UPMC, the division and its partners will then take those solutions to the broader health care market.
Previously, Mr. Heppenstall served as managing director at RBC Dain Rauscher Inc., president of PriMuni LLC, senior vice president at PNC Capital Markets and vice president at Butcher & Singer. He earned a bachelor’s degree from the University of Virginia and a master’s degree from Carnegie Mellon University.
Mr. Heppenstall currently serves on the boards of the St. Margaret Foundation, the Manchester Bidwell Development Trust, the Fox Chapel Golf Club and the Women’s Shelter of Greater Pittsburgh.
A $21 billion health care provider and insurer, Pittsburgh-based UPMC is inventing new models of patient-centered, cost-effective, accountable care. The largest nongovernmental employer in Pennsylvania, UPMC integrates more than 90,000 employees, 40 hospitals, 700 doctors’ offices and outpatient sites, and a 3.8 million-member Insurance Services Division, the largest medical insurer in western Pennsylvania. In the most recent fiscal year, UPMC contributed $1.2 billion in benefits to its communities, including more care to the region’s most vulnerable citizens than any other health care institution, and paid $587 million in federal, state and local taxes. Working in close collaboration with the University of Pittsburgh Schools of the Health Sciences, UPMC shares its clinical, managerial and technological skills worldwide through its innovation and commercialization arm, UPMC Enterprises, and through UPMC International. U.S. News & World Report consistently ranks UPMC Presbyterian Shadyside on its annual Honor Roll of America’s Best Hospitals and ranks UPMC Children’s Hospital of Pittsburgh on its Honor Roll of America’s Best Children’s Hospitals. For more information, go to UPMC.com.