Pittsburgh-based UPMC posted its 2018 year-end financials, highlighting 25 percent growth in outpatient-related revenues, TribLive reports.
What you should know:
1. Outpatient admissions increased 15 percent and physician revenue grew 13 percent.
2. Overall UPMC's health services revenue increased by $1.9 billion in 2018, fueled by payer rate increases and hospital affiliation.
3. UPMC has 600 office-based treatment settings and outpatient centers.
4. UPMC has an investment portfolio of $6.9 billion.
5. UPMC's insurance-related revenues hit $9 billion in 2018, on the strength of 140,000 new insurance members.
6. UPMC CFO Robert DeMichiei said, "It's significant, it's growing, it's dominant in the state."