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West Penn Allegheny Health System reports $47.9 loss in in three months

Pittsburgh Post-Gazette, August 2, 2013
West Penn Allegheny Health System posted a $47.9 million operating loss for the fourth quarter ending June 30, a new state filing shows. In May, West Penn Allegheny reported an operating loss of $99 million through the first nine months of the fiscal year, so this past year's losses likely will approach $150 million when those results are released this fall. West Penn Allegheny's net losses for the quarter, budgeted to be $19.2 million, amounted to $41.2 million. It did report that it has 74.2 days cash on hand as of June 30, compared with 62.2 days a year ago.