UPMC reported a loss from operations of $339 million for 2024, 71% higher than the $198.3 million loss a year ago, as the hospital and health insurance giant continues to invest aggressively in capital projects. Last year's operating loss included $128 million in restructuring costs. Operating revenue for the most recent year was up 7.8% to $29.8 billion, which was offset by higher use of healthcare services by UPMC insured patients, rising pharmacy costs and falling enrollment in health insurance plans.
