UPMC Reports Financial Growth In 2020, Operating Revenues Increased To $23 Billion

By: KDKA-TV News Staff

PITTSBURGH (KDKA) -- UPMC, one of the largest employers in Pennsylvania, released financial data from 2020 on Friday.

According to data from the healthcare provider, operating revenues increased by 12% to $23 billion, and UPMC had an operating income of $836 million in 2020.

UPMC Health Plan membership increased 11%, but the healthcare provider did experience some financial difficulties in the first year of the pandemic, with outpatient revenue having decreased by 3% and physician revenue dropped by 5% in 2020.

UPMC also reported spending $865 million for capital expenditures, including various construction projects and building expansions at facilities across the state.