KHN Morning Briefing

Summaries of health policy coverage from major news organizations

Pennsylvania Health Giant Reports $93 Million Profit As Outpatient Demand Surges

Pittsburgh Tribune-Review: "Health giant UPMC will add 815 new full-time jobs through next June, officials announced yesterday after posting a strong first-quarter income. More than half of the jobs -- or about 430 -- will be throughout UPMC's network of 20 hospitals. They include physicians, nurses, food service workers, housekeepers and administrators, said Rob DeMichiei, senior vice president and chief financial officer. The ability to add new jobs during tough financial times is a reflection of cost-cutting actions taken about two years ago and a 10 percent surge in outpatient services and other areas, DeMichiei said." The announcement came as the medical center reported that "first-quarter operating revenues grew by $77 million to $2.1 billion, with operating income, or profit, of $93 million from July through October, up $28 million from the same period a year before"  (Fabregas, 11/12).
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