UPMC could have given every single one of it’s 55,000 employees a $6,000 raise last year and still had $100 million in profits left over.
Thanks to the people of Western Pennsylvania and to the workers who care for patients, UPMC has become one of the most profitable hospital systems in the country, earning $2 million in profits per day.
In fact, the American Hospital Directory recently named UPMC Presbyterian the country’s top grossing hospital.
UPMC Presbyterian brought in $10.19 billion.
That’s not
all pure profit. But regardless, it’s still quite a
lot of billions. From
one hospital.
But let’s talk real profits now. Last year UPMC posted over $445 million in profits. As a non-profit healthcare system, you would think that UPMC took that money and reinvested it in the employees who provide the care UPMC patients depend on, right?
Unfortunately, it’s not that clear cut.
We hear a lot of stories on the news about executives and big banks and huge corporations bringing in millions of dollars in salaries and bonuses. However, we don’t generally expect employees at non-profits to be millionaires. And that assumption absolutely stands true…unless you happen to be an executive at a UPMC care facility.
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