What you should know:
1. Outpatient admissions increased 15 percent and physician revenue grew 13 percent.
2. Overall UPMC’s health services revenue increased by $1.9 billion in 2018, fueled by payer rate increases and hospital affiliation.
3. UPMC has 600 office-based treatment settings and outpatient centers.
4. UPMC has an investment portfolio of $6.9 billion.
5. UPMC’s insurance-related revenues hit $9 billion in 2018, on the strength of 140,000 new insurance members.
6. UPMC CFO Robert DeMichiei said, “It’s significant, it’s growing, it’s dominant in the state.”
More articles on transactions/valuation:
Bundled payments in action — ASC bundled payment network saves insurance collective $7M+
UPS & Nephron Pharmaceuticals partnered to mitigate ASC, hospital drug shortages — 4 insights
How Eagan Surgery Center earned The Joint Commission’s Spine Fusion Certification: 4 points
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
