FISCAL YEAR 2016 FINANCIAL RESULTS AND SYSTEM HIGHLIGHTS. August 29, 2016
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1 FISCAL YEAR 2016 FINANCIAL RESULTS AND SYSTEM HIGHLIGHTS August 29,
2 UPMC S FINANCIAL PICTURE Strong balance sheet allows UPMC to continue meeting the region s health care needs Provide top-ranked clinical care while operating efficiently Fund capital expenditures that support quality and improve care $767 million in operating EBIDA 3 million Insurance Services Division members The largest medical and behavioral health services insurer in western PA Substantial reinvestment in western Pennsylvania & beyond $428 million in capital spending and business investments $90 million pension contribution protects employees retirement plans Fully funded based on ERISA funding rules RESULTS IN BRIEF: $310M operating income / $5.1B cash and investments 2
3 UPMC S FINANCIAL PICTURE Operations Operating income of $310 million needed to run operations, fund capital expenditures and create new programs UPMC Health Plan membership 10% Physician revenue 2% Investment Reserve Portfolio $5.1 billion cash and investments provides for long-term sustainability Value rises and falls based on market conditions Fiscal year return for UPMC 1.3% Outpatient revenue 3% Admissions & observations 3
4 UPMC OPERATING RESULTS Fiscal Years Ended June 30 (Dollars in Millions) OPERATING REVENUE OPERATING INCOME OPERATING EBIDA 8% ANNUAL GROWTH IN OPERATING REVENUE $12,147 $12,848 $384* $849* $767 $10,188 $11,416 $310 $611 $644 $616 $187 $190 $ *Including $233M one-time gain related to Evolent Health s Initial Public Offering (IPO)
5 2016 U.S. NEWS & WORLD REPORT HONOR ROLL 17 th year UPMC ranked on Best Hospitals Honor Roll UPMC ranked in 15 of 16 specialties 4 specialties ranked in top 10 nationwide; 12 ranked in top 20 Children s Hospital of Pittsburgh of UPMC ranked #7 on the Best Children s Hospitals Honor Roll 7th year on the Honor Roll Ranked in 9 of10 pediatric specialties nationwide; 4 ranked in top 10 5
6 UPMC IS CHANGING LIVES FOR THE BETTER UPMC is dedicating resources to make a substantial impact for the well-being of the people who live, work, learn, and raise their families here. Nearly $4 billion over the past 5 years $565 MILLION Fiscal Year 2011 $622 MILLION 2012 $887 MILLION 2013 $888 MILLION 2014 $892 MILLION 2015 $892 MILLION Community Benefits $313 Million Charity & Unreimbursed Care $217 Million Community Health Programs & Donations $362 Million Medical Research & Education 6
7 UPMC COVERS A DISPROPORTIONATE SHARE OF CHARITY CARE UPMC provides nearly 70% of all charity care in western Pennsylvania more than double all other hospitals combined All Other Hospitals in Western PA Combined 70% UPMC and far-exceeding UPMC s 40% market share More than $100 million UPMC reports charity care at cost (not charges) UPMC provides more care to the region s poor and underserved than any other health care institution: Cares for 9 out of 10 children from lowincome families in Allegheny County Delivers 3 out of 4 babies born to low-income families in Allegheny County Provides inpatient care for 8 out of 10 residents of the 10 poorest neighborhoods in Allegheny County 7 Source: IRS Form 990 Schedule H, FY2014 most recent publicly available
8 UPMC LEADS IN COMMUNITY BENEFITS NATIONALLY & REGIONALLY Contribution (in $M) At nearly $900 million and 15% of net patient revenue, including 2.3% charity care, UPMC s contributions exceed top medical centers. 8
9 UPMC GREATLY IMPACTS THE ECONOMY UPMC is the largest non-governmental employer in Pennsylvania and supports nearly 130,000 jobs (directly and indirectly) Source: Hospital Association of Pennsylvania (HAP) Economic Impact Analysis, May
10 10 UPMC COMMUNITY BENEFITS What Good Neighbors Do
11 UNIQUE POSITION OF EXCELLENCE IN EVERY HEALTH CARE SECTOR Top Quality Clinical Care Provider Ranked #12 nationally on U.S. News & World Report Honor Roll 3,500 employed physicians Fastest Growing Insurance Services 2 nd largest provider-owned Health Plan nationally Largest medical and behavioral health services insurer in western PA 3 million members/$6b+ in revenue #1 in quality and satisfaction Cutting Edge Academic Medical Center #5 in NIH funding with $475 million for clinical research with Pitt One of largest programs in US with 1,800 residents and fellows Business & Entrepreneurial Innovation International presence in more than a dozen countries Commercial ventures - Evolent Health IPO valued >$1 billion IT Most Wired, Innovator Award 11
12 FY2017 FINANCIAL RESULTS BRIEFING SCHEDULE Q1 FY2017: Thursday, November 3, 2016 Q2 FY2017: Thursday, February 9, 2017 Q3 FY2017: Thursday, May 4, 2017 Q4 FY2017: Tuesday, August 29, p.m., U.S. Steel Tower, Conf. Room
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