UPMC reports revenue increase Inpatient volume mostly back to pre-pandemic levels
MCCANDLESS TWP — COVID-19 didn't affect UPMC's finances in the first half of 2021, with the hospital network posting more than $12 billion in operating revenue from Jan. 1 to June 30.
In a media briefing Thursday, the hospital network boasted of its 9% revenue increase between the first halves of both 2020 and 2021, along with its $605 million operating income. UPMC's operating margin including tax and interest expenses — the ratio of its income to revenue — jumped from 0.7% in the first six months of 2020 to 4.3% in the first half of 2021.
The Pittsburgh-based hospital and insurance network posted a total net income of $1.1 billion, including both operating and investment income.
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