Volumes at UPMC largely rebounded to pre-pandemic ranges within the second half of 2020, propelling the Pittsburgh, Pa.-based tutorial well being system to an $836 million working earnings, UPMC introduced Friday.
UPMC reported $23 billion in working income in 2020, even after COVID-19 measures throttled inpatient and outpatient volumes within the first half of the 12 months. The well being system recorded a $27 million working earnings on working income of $20.6 billion in 2019. The group famous that it has since reclassified some bills, rising its 2019 working earnings to $239 million.
Whereas inpatient visits had been nonetheless down 10% as of Dec. 31 in comparison with 2019, volumes have since recovered to close pre-COVID ranges, UPMC stated in its earnings report. In the meantime, outpatient and doctor providers volumes barely elevated within the final two quarters of 2020 in comparison with the again half of 2019.
UPMC’s insurance coverage division helped enhance its funds as insurance coverage working earnings elevated by $405 million from 2019 to 2020, partly resulting from medical utilization reducing via the primary two quarters on account of COVID-19. UPMC had 4 million insurance coverage members as of Dec. 31, up 11% from the prior