February 28, 2015 10:40 PM ET

Healthcare Providers and Services

Company Overview of University of Pittsburgh Medical Center

Company Overview

University of Pittsburgh Medical Center operates health system and academic medical centers in the United States. It has doctors’ offices, cancer centers, outpatient treatment centers, specialized imaging and surgery facilities, in-home care, rehabilitation sites, behavioral health care, and nursing homes. The company provides diagnostic testing, physical rehabilitation, home health, digestive disorders, nose and throat, endocrinology, geriatrics, gynecology, kidney disease, neurology and neurosurgery, orthopedics, psychiatry, rehabilitation, respiratory disorders, rheumatology, and urology services. University of Pittsburgh Medical Center was formerly known as UPMC Health System and changed...

200 Lothrop Street

Pittsburgh, PA 15213-2582

United States

Founded in 1893

Phone:

412-647-8762

Fax:

412-636-5537

Key Executives for University of Pittsburgh Medical Center

Chief Executive Officer and President
Chief Financial Officer
Chief Medical and Scientific Officer
Chief Human Resources & Administrative Services Officer and Executive Vice President
Associate Professor, Associate Director, and Director
Compensation as of Fiscal Year 2014.

University of Pittsburgh Medical Center Key Developments

UPMC Reports Earnings Results for the First Half Ended December 31, 2014

UPMC reported earnings results for the first half ended December 31, 2014. For the period, the company reported operating revenues increased to $5.8 billion, due primarily to growth in insurance services. Operating income, which is reinvested in programs that support UPMC's mission, was $177 million. UPMC's excess of revenues over expenses (net income) was $141 million. Earnings before interest, depreciation and amortization (EBIDA) - a key measure of financial performance and the ability to generate the necessary resources for reinvestment - were $408 million. The company spent $200 million on capital expenditures and business investments to advance its unwavering commitment to provide clinical excellence, good science, smart technology and accountable care to all the communities it serves.

Highmark Inc. Sues UPMC for Cancer Treatment Billing Practices

Highmark Inc. has filed a lawsuit against UPMC alleging the health care provider used improper billing practices to "substantially" inflate rates Highmark and Keystone Health Plan West Inc. paid for UPMC's oncology services. The lawsuit was filed Wednesday in the Allegheny County Court of Common Pleas. As a result, Highmark said UPMC has "profited enormously" by unilaterally shifting the billing of claims of these services from established physician-based billing to billing the charges at higher hospital outpatient rates.

UPMC Names Leslie C. Davis as President of Hospital and Community Services Division

UPMC announced the appointment of Leslie C. Davis as President of its Hospital and Community Services Division. Ms. Davis succeeds Elizabeth B. Concordia, who recently was recruited to become the CEO of the University of Colorado Health System. In her new role, Ms. Davis will be responsible for leading UPMC's patient care enterprise, which includes 20 hospitals, 17 senior community facilities, and a comprehensive array of clinical specialty service lines, and pre- and post-acute services such as senior living, rehabilitation and home care. Ms. Davis has more than 30 years of experience in health care, with particular emphasis on operations and developing businesses and services. Most recently, she has served as president of Magee-Womens Hospital of UPMC since 2004.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 7, 2014
THI Beacon Court Limited
 

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