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+
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How Eagan Surgery Center earned The Joint Commission’s Spine Fusion Certification: 4 points
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
