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 >
  • fy2012 first 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

Financial Results for First Quarter Fiscal Year 2012 Enable UPMC to Continue Providing Care for the Community While Reinvesting in the Future of Medicine

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.

10/27/2011

Main Content

UPMC Media Relations

  • UPMC’s operating revenues grew by $352 million to $2.4 billion, with an operating income of $155 million.
  • UPMC’s operating EBIDA – or cash flow income – was $253 million.
  • UPMC’s $3.3 billion diversified investment reserve portfolio provides for long-term sustainability.
  • UPMC continues to increase services and invest in the region, with $120 million in capital expenditures.
  • UPMC’s financial results support reinvestment to develop and improve the future of medicine.

PITTSBURGH, October 27 – UPMC’s financial results through the first quarter of fiscal year 2012 allow the region’s largest health care provider to continue growing clinical services and reinvest to meet the needs of communities throughout the region now and into the future. UPMC today released the details of its financial results for the period (July 1 through Sept. 30, 2011). UPMC also announced the creation of the UPMC Center for Innovative Science to focus on developing and improving the future of medicine.

UPMC’s operating revenues increased by $352 million to $2.4 billion for the first three months of the fiscal year. Operating income grew by $62 million to $155 million. Rating agency operating income increased from $62 million to $123 million for the first quarter, which equates to a 3.6 percent 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 $253 million for the period.

During the first quarter, UPMC spent $120 million in capital expenditures to increase clinical services and enhance patient care and clinical excellence through best-in-class information technology and hospital and other facility construction and improvements.

“UPMC continues our long-standing mission of providing outstanding clinical services to meet the needs of our communities while reinvesting in the future of our region and in the future of medicine,” said Robert A. DeMichiei, UPMC senior vice president and chief financial officer.

UPMC’s key operating metrics were up compared to the same period a year ago. Outpatient revenue was up 33 percent; total hospital admissions and observations were up 13 percent; UPMC Health Plan membership grew 10 percent to more than 1.6 million subscribers; and physician revenue increased by 2 percent. The number of employed physicians grew nearly 6 percent to 2,954.

UPMC’s diversified investment reserve portfolio stands at $3.3 billion, with a negative 6.1 percent return for the first quarter of the fiscal year. “UPMC maintains a long-term investment perspective. We continue to avoid the need to draw on our long-term reserves to fund day-to-day operations, capital expenditures or pension fund contributions,” said C. Talbot Heppenstall, Jr., UPMC senior vice president and treasurer.

UPMC Center for Innovative Science

UPMC also announced today that it will invest nearly $300 million to create the UPMC Center for Innovative Science, a research facility located in Bloomfield that will help develop the future of medicine by focusing on personalized medicine that aims to improve patient outcomes and reduce unnecessary treatment. The center will create approximately 375 new jobs.

About UPMC

UPMC is a $9 billion global health enterprise with more than 54,000 employees headquartered in Pittsburgh, Pa., and is transforming health care by integrating more than 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 about 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