Skip to Content
800-533-8762
  • Careers
  • Newsroom
  • Health Care Professionals
  • About Us
  • Contact Us
UPMC
  • Find a Doctor
  • Services
    • Frequently Searched Services
    • Frequently Searched Services
      Allergy & Immunology Behavioral & Mental Health Cancer Ear, Nose & Throat Endocrinology Gastroenterology Heart & Vascular Imaging Neurosciences Orthopaedics
      Physical Rehabilitation Plastic & Reconstructive Surgery Primary Care Senior Services Sports Medicine Telemedicine Transplant Surgery Walk-In Care Weight Management Women’s Health
      See all Services
    • Services by Region
    • Find a UPMC health care facility close to you quickly by browsing by region.
      UPMC in Western Pa. Western Pa. and New York
      UPMC in Central Pa. Central Pa.
      UPMC in North Central Pa. North Central Pa.
      UPMC in Western Md. Maryland & West Virginia
    • See All Services
  • Locations
    • Locations by Type
    • Locations by Type
      UPMC hospitals
      Hospitals
      Physical Therapy
      Physical Therapy
      Urgent care
      Walk-In Care
      UPMC Outpatient Centers
      Outpatient Centers
      UPMC Imaging Services
      Imaging
      Community Health Centers
      Community Health Centers
      See All Locations
    • Locations by Region
    • Locations by Region
      UPMC in Southwest Pa. Southwest Pa.
      UPMC in North Central Pa. North Central Pa.
      UPMC in Northwest Pa and Ny. Northwest Pa. & Western N.Y.
      UPMC in West Central Pa. West Central Pa.
      UPMC in Central Pa. Central Pa.
      UPMC in Western Md. Maryland & West Virginia
    • See All Locations
  • Patients & Visitors
    • Patient & Visitor Resources
    • Patient & Visitor Resources
      Patients and Visitors Resources Pay a Bill Classes & Events Medical Records Health Library Patient Information
      Patient Portals Privacy Information Shared Decision Making Traveling Patients Visitor Information
      Man uses mobile phone
      Pay a Bill
      Nurse reviews medical chart
      Request Medical Records
  • Patient Portals
  • Find Covid-19 updates
  • Schedule an appointment
  • Request medical records
  • Pay a bill
  • Learn about financial assistance
  • Find classes & events
  • Send a patient an eCard
  • Make a donation
  • Volunteer
  • Read HealthBeat blog
  • Explore UPMC Careers
Skip to Content
UPMC
  • Patient Portals
  • For Patients & Visitors
    • Find a Doctor
    • Locations
    • Patient & Visitor Resources
    • Pay a Bill
    • Services
    • More
      • Medical Records
      • Financial Assistance
      • Classes & Events
      • HealthBeat Blog
      • Health Library
  • About UPMC
    • Why UPMC
    • Facts & Stats
    • Supply Chain Management
    • Community Commitment
    • More
      • Financials
      • Support UPMC
      • UPMC Apps
      • UPMC Enterprises
      • UPMC International
  • For Health Care Professionals
    • Physician Information
    • Resources
    • Education & Training
    • Departments
    • Credentialing
  • Careers
  • Contact Us
  • Newsroom
  • UPMC >
  • Media Relations >
  • News Releases >
  • fy2011 second quarter
Media Relations
News Releases
Central Pa. News
North Central Pa. News
Contact Us
Experts
Community-Focused News
Media Kits
Media RSS
Media Relations
News Releases
Central Pa. News
North Central Pa. News
Contact Us
Experts
Community-Focused News
Media Kits
Media RSS

Chat Keywords List

  • cancel or exit: Stops your conversation
  • start over: Restarts your current scenario
  • help: Shows what this bot can do
  • terms: Shows terms of use and privacy statement
  • feedback: Give us feedback
Continue
Chat with UPMC
RESTART
MENU
CLOSE

Continued Financial Strength Fuels UPMC's Commitment to Providing Excellent Health Care and Reinventing in Region

For Journalists

Paul Wood
Vice President & Chief Communications Officer, Public Relations
412-647-6647

Want to Make an Appointment or Need Patient Information?
Contact UPMC at

1-800-533-8762.

Go to Find a Doctor to search for a UPMC doctor.

2/11/2011

Main Content

UPMC Media Relations 

  • UPMC’s operating revenues grew by $144 million to $4.2 billion, with an operating income of $206 million.
  • $138 million rating agency operating income; 3.3% rating agency margin.
  • UPMC’s operating EBIDA – or cash flow income – of $400 million is on target to exceed $700 million for fiscal year 2011.
  • UPMC’s $3.2 billion diversified investment reserve portfolio provides for long-term sustainability.
  • UPMC continues to grow and invest in the region, with $192 million in capital expenditures in first six months and $500 million planned for this fiscal year; more than 1,300 new jobs are being created in fiscal year 2011.
  • UPMC’s financial strength and strategic management in the midst of persistent global economic challenges enable the health care leader to efficiently deliver outstanding health care for the residents of western Pennsylvania today and into the future.

PITTSBURGH, Feb. 11 – UPMC’s excellent financial results for the first six months of fiscal year 2011 show the continued strength of UPMC’s ability and commitment to provide outstanding health care services and facilities for western Pennsylvania residents today and into the future.

UPMC’s operating revenues increased by $144 million to $4.2 billion for the period (July 1 through Dec. 31, 2010). Operating income grew by $76 million to $206 million. Rating agency operating income increased from $67 million to $138 million for the period, which equates to a 3.3% rating agency margin. 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 $400 million for the first six months and are on target to exceed $700 million for fiscal year 2011.

These results enabled UPMC to spend $192 million in capital expenditures to enhance patient care through new technology, hospital and other facility construction and renovations – creating additional jobs and new programs for the residents of western Pennsylvania. UPMC expects to create more than 1,300 new jobs during fiscal year 2011.

“Our financial picture for the first six months of this fiscal year is reflective of UPMC’s ability to strongly sustain its longtime commitment to this region – providing new high-quality services and facilities where they are needed while preserving and enhancing existing ones where their need remains,” said Robert A. DeMichiei, UPMC senior vice president and chief financial officer. “However, UPMC’s rating agency operating margin of 3.3 percent is below the median for our AA-rated peer group. UPMC must continue operating efficiently and further improve our margins to meet the increasing challenges of health care reform, global economic pressures and anticipated declining reimbursements.”

UPMC’s key operating metrics were up compared to the same period a year ago. Outpatient revenue was up 13 percent; physician revenue grew 10 percent; UPMC Health Plan membership was up 6 percent to more than 1.5 million subscribers; and hospital admissions and observation cases increased by one percent. The number of employed physicians grew 4 percent to 2,849.

On Feb. 1, 2011, UPMC completed its affiliation with Hamot Medical Center, now called UPMC Hamot. The affiliation strengthens Hamot’s role as the premier tertiary care provider in the 13-county tri-state area surrounding Erie. UPMC’s commitment to invest $300 million in Hamot for improved facilities, technology and patient programs will advance health care delivery for the residents of the region as well as for the physician, nursing, clinical and professional staffs at UPMC Hamot.

UPMC’s diversified investment reserve portfolio stands at $3.2 billion, having achieved a 12 percent return for the first six months of the fiscal year. “Because we have continued our preparedness to address the lingering uncertain economy and health care reform, UPMC does not need to draw on its long-term reserves to fund day-to-day operations, capital expenditures or employee pension investments,” said C. Talbot Heppenstall, Jr., UPMC senior vice president and treasurer. “UPMC maintains a long-term investment perspective.”

About UPMC

UPMC is an $8 billion global health enterprise with almost 50,000 employees headquartered in Pittsburgh, Pa., and is transforming health care by integrating 20 hospitals, 400 doctors’ offices and outpatient sites, a health insurance services division, and international and commercial services. Affiliated with the University of Pittsburgh Schools of the Health Sciences, UPMC is redefining health care by using innovative science, technology and medicine to invent new models of accountable, cost-efficient and patient-centered care. Learn more on how UPMC is taking medicine from where it is to where it needs to be.

UPMC
200 Lothrop Street Pittsburgh, PA 15213

412-647-8762 800-533-8762

Patients And Visitors
  • Find a Doctor
  • Locations
  • Pay a Bill
  • Patient & Visitor Resources
  • Disabilities Resource Center
  • Services
  • Medical Records
  • No Surprises Act
  • Price Transparency
  • Financial Assistance
  • Classes & Events
  • Health Library
Health Care Professionals
  • Physician Information
  • Resources
  • Education & Training
  • Departments
  • Credentialing
Newsroom
  • Newsroom Home
  • Inside Life Changing Medicine Blog
  • News Releases
About
  • Why UPMC
  • Facts & Stats
  • Supply Chain Management
  • Community Commitment
  • Financials
  • Supporting UPMC
  • HealthBeat Blog
  • UPMC Apps
  • UPMC Enterprises
  • UPMC Health Plan
  • UPMC International
  • Nondiscrimination Policy
Life changing is...
Follow UPMC
  • Contact Us
  • Website/Email Terms of Use
  • Medical Advice Disclaimer
  • Privacy Information
  • Active Privacy Alerts
  • Sitemap
© 2025 UPMC I Affiliated with the University of Pittsburgh Schools of the Health Sciences Supplemental content provided by Healthwise, Incorporated. To learn more, visit healthwise.org
Find Care
Providers
Video Visit
Portal Login