Pittsburgh-based UPMC President and CEO Jeffrey Romoff announced the architects behind the health system's $2 billion expansion and commented on what has made the institution so successful in recent years during a Sept. 26 speech.
UPMC officials first announced the project to build three specialty hospitals — the UPMC Heart and Transplant Hospital, UPMC Hillman Cancer Hospital and UPMC Vision and Rehabilitation Hospital, all in Pittsburgh — in November 2017. The three facilities are in addition to UPMC's existing specialty hospitals.
"There is no city, large or small, urban or rural, that has six specialty hospitals, and six specialty hospitals are the leading edge of specialty care," Mr. Romoff said during his Sept. 26 speech, a transcript of which was obtained by Becker's Hospital Review.
UPMC saw revenue increase to $9.3 billion during the first six months of 2018, up from $7.5 billion during the same period one year earlier, according to the health system's unaudited quarterly disclosure for the period ended June 30. Officials attributed the uptick to a growth in patient volume and higher enrollment in the system's health insurance plan. As of the system's quarterly disclosure report, UPMC Health Plan had more than 3.4 million members.
In addition to its healthcare businesses, Mr. Romoff said during his speech the system's enterprise division has created at least 30 new companies, many of them funded completely by UPMC or in consort with venture capitalists.
"But UPMC is in fact, unique. It is unique because we do things at a level of excellence that no one, and I mean no one, in the country does," he said.