November 24, 2014 3:17 AM 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
Compensation as of Fiscal Year 2014.

University of Pittsburgh Medical Center Key Developments

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.

UPMC Reports Financial Results for the First Nine Months of Fiscal Year 2014

UPMC reported financial results for the first nine months of fiscal year 2014. For the period, the company's operating revenues increased by $957 million to $8.5 billion for the first nine months, due primarily to growth in insurance services, the affiliation with UPMC Altoona and increased patient volumes. Operating income, which is reinvested in programs that support UPMC's mission, was $176 million for the period ending March 31, 2014. The company's excess of revenues over expenses (net income), including $107 million related to the inherent contribution recorded due to the UPMC Altoona affiliation, was $553 million. Earnings before interest, depreciation and amortization (EBIDA) were $514 million. During the first nine months, the company spent $335 million in capital expenditures and business investments to advance clinical excellence, good science, smart technology and accountable care.

Similar Private Companies By Industry

Company Name Region
Saratoga Equine: A Rood & Riddle Hospital United States
Hospice Of Washtenaw II United States
Firelands Regional Health System United States
LifeTrac, Inc. United States
Locum Medical Group, LLC United States

Recent Private Companies Transactions

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

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact University of Pittsburgh Medical Center, please visit www.upmc.edu. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.