Accounting & Financial Management
UPMC reported net income of $616 million for the past six months, driven by a 14 percent jump in health plan revenue.
For some hospitals to survive or break even, it would require Congress to restore billions of dollars in funding that kept hospitals afloat before the 2010 law took effect.
The company has been steadily selling off hospitals and other medical properties in order to raise $1.2 billion needed to pay down its debt.
System has dealt with dozens of layoffs and several leadership changes in past six months.
Both removed from CreditWatch, where they were placed in July 2016 when Aetna borrowed $10.2 billion to pay for the merger.
About 38 percent of CIOs plan to invest the majority of their capital investment in EHR system optimization over the next three to five years.
Operating profit for the fourth quarter was $255 million, compared to $112 million the year before.
On Jan. 23, a federal court ruled against Aetna's proposed $37 billion merger with Humana.
American Hospital Association estimates that each hospital job supports about two additional jobs, and every dollar spent by a hospital supports roughly $2.30 of additional business activity.
CEO Therese Pandl said the decision was in response to high-deductible plans causing many patients to postpone their care, and technology that allows more people to receive care in an outpatient setting.