UPMC reports sharp increase in profits

The University of Pittsburgh Medical Center reported much improved numbers for the first half of its current fiscal year. UPMC said revenues were up 13 percent to $2.8 billion for the six months ending December 31. The result: a much more profitable performance for the health network than last year. Profits jumped 73 percent to $225 million from $130 million. Notable bright spots included a 16 percent increase in outpatient activity and overall admissions. The hospital chain's investments also paid off for the company, bringing in $73 million over the quarter. All that, and they get a Super Bowl title as well!

- see this article from the Pittsburgh Post Gazette

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