Health

UPMC’s affected person volumes stabilize, boosting 2020 earnings

Volumes at UPMC largely rebounded to pre-pandemic ranges within the second half of 2020, propelling the Pittsburgh, Pa.-based educational 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 yr. 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, growing 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 companies volumes barely elevated within the final two quarters of 2020 in comparison with the again half of 2019.

UPMC’s insurance coverage division helped increase its funds as insurance coverage working earnings elevated by $405 million from 2019 to 2020, partly attributable to medical utilization lowering by the primary two quarters on account of COVID-19. UPMC had four million insurance coverage members as of Dec. 31, up 11% from the prior yr.

Whereas volumes have rebounded, UPMC executives stated on a name with reporters Friday that they had been anxious about those that deferred or skipped care. Power sicknesses might have worsened or early signs might have been missed as sufferers prevented preventative care. That, mixed with a “pretty vital” enhance in psychological well being circumstances, might pose long-term penalties, stated Diane Holder, president of the UPMC insurance coverage companies division and president and CEO of UPMC Well being Plan.

“It makes us a bit involved that people who didn’t get colonoscopies or different preventative care might even see their circumstances advance,” she stated.

UPMC physicians proceed to encourage their sufferers to not delay preventative care, UPMC advised Fashionable Healthcare after the decision.

Telehealth helped fill a number of the care gaps. Round mid-April, UPMC was performing about 15,000 telehealth visits a day, up from about 250 a day in February. Whereas utilization has since dropped, the system remains to be logging about 6,500 every day video or cellphone consultations.

UPMC accomplished a $111 million inpatient tower at UPMC Hamot in February, which added 64 intensive care beds to its community. That was a part of the techniques’ $865 million of 2020 capital expenditures.


Add Comment

Click here to post a comment