UPMC sees revenue increase in first nine months of 2021

PITTSBURGH — UPMC’s operating revenue increased 8% in the first nine months of 2021 and it saw increases in operating income and operating margin as well.

The Pittsburgh-based health system had revenue of $18.3 billion through Sept. 30, compared to $16.99 billion in the same period in 2020. Operating income was $798 million, up from $397 million. Its operating margin was 4.4%, up from 2.3%.

Revenue was split between health services, which includes the hospital system, which was $9.7 billion (up from $8.5 billion a year ago) and the insurance division, which includes UPMC Health Plan, with $9 billion (up from $8.5 billion a year ago). Insurance enrollment rose 4% in the period to 4.1 million. Health-system metrics were also up, including outpatient revenue up 17%, physician services revenue up 12% and admissions/observations up 5%.

According to UPMC data released Tuesday, its inpatient medical-surgical market share had no changes in Allegheny County (60%), the 29 counties of western Pennsylvania (44%) and the 19 counties in central Pennsylvania served by UPMC’s midstate hospitals (27%).

Read more in the Pittsburgh Business Times.