UPMC growth adds expenses, profit falls
UPMC treated more patients and signed up more insurance customers in the last three months of 2011, which pushed revenue for the nonprofit up 15 percent. But growth came at a cost, as Western Pennsylvania's dominant hospital system on Wednesday reported lower operating income for the quarter, because of rising expenses. Robert DeMichiei, UPMC's chief financial officer, said that UPMC is growing even as the overall market for medical procedures is shrinking.
- Senators Hear How Two-Midnight Rule Harms Patients, Hospitals
- 3 Management Lessons from a Supermarket Debacle
- Handshaking Spreads Germs. Get Over It.
- Healthcare Costs Start With What We Eat
- Hospitals Likely to Outsource ICD-10 at Launch
- IOM Identifies GME Problems, Calls for Finance Changes
- CMS Confirms ICD-10 Deadline
- Anatomy of 3 Health System Rebranding Efforts
- Premium Subsidy Fight Creating Uncertainty for Hospitals, Health Plans
- 2015 HIX Premium Hikes May Top 7%