From January 2022 through September 2022, the University of Pittsburgh Medical Center (UPMC) reported approximately $200 million in profits – less than the $800 million gained during the first three quarters of 2021.
UPMC’s network includes 40 hospitals with around 92,000 employees, and several recent capital investments in the form of construction in Oakland.
The loss of funds over the year is thought to be the result of rising labor expenses due to employee shortages as well as other operational and supply-chain problems.
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