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Format: 04/16/2014
Format: 04/16/2014

News

Olivia: Positive signs at West Penn Allegheny

Thursday, November 5th, 2009

West Penn Allegheny Health System anticipates reaching a positive operating margin during the current fiscal year, President and CEO Dr. Christopher Olivia said on Monday.

Although the region’s second largest hospital network reported $3.8 million loss for the quarter ending June 30, the system also had a gain of $2.1 million in total revenue during the same period. Total income includes income from investments, gifts and donations, non-core sources.

Inpatient admissions are down 5 percent to 10 percent system wide, reflecting a national trend, Olivia said. But outpatient and emergency department admissions were up dramatically during the fiscal year that ended June 30, he said.

Improvements during fiscal 2009 totaled $110 million, including $89 million in reduced expenses, Olivia said.

“I see a lot of positive signs,” Olivia said. “Our people have pulled together here.”

To read more, visit the Pittsburgh Business Times web site.

The system was continuing integration efforts by evaluating service lines and eliminating duplication, Olivia said. West Penn Hospital in the city's Bloomfield neighborhood will continue as an impatient facility. “For the foreseeable future, we’re in the inpatient business there,” he said, adding “We need to reconfigure and rearrange our services to meet new demands.”

 

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