Text Size: A- A+ Facebook Twitter LinkedIn YouTube

Breaking News

Pledge the Gift of Life

Each year, the lives of thousands of people across the country are saved because someone made the choice to become an organ donor. In April, Allegheny Health Network is honored to celebrate National Donate Life Month and pay tribute to all of those who have bestowed the precious gift of life to another through organ donation. Visit AHNdonate.org to learn more and register to be an organ donor.

YouTube

SEARCH NEWS

Format: 04/20/2014
Format: 04/20/2014

News

West Penn Allegheny Issues Statement on Auditor's Opinion, Medical School Delay

Friday, December 30th, 2011

Attributable to Keith T. Ghezzi, M.D., Interim President and CEO, Allegheny Health Network

Allegheny Health Network released audited financial statements for the fiscal year ended June 30, 2011, which reflect a $51.8 million loss from operations.
KPMG has expressed doubt in its audit report about Allegheny Health Network's ability to continue as a going concern. In developing its unqualified opinion, KPMG took into consideration the System’s recurring losses from the past several years and financial performance since June.  

Accounting standards preclude any comments by auditors on future plans or events, most notably the proposed affiliation with Highmark. Ken Melani and his team have demonstrated their commitment to ensuring that patients have choice and access to Allegheny Health Network doctors and facilities by committing $475 million to facility improvements, clinical program growth and education.

Highmark’s financial support is enabling immediate improvements in our facilities. For example, we will reopen West Penn Hospital’s emergency department in the first quarter of 2012, and we are updating Forbes Hospital to successfully compete in the eastern suburbs. Our other facilities will see program and technology improvements. 

As we reinvent our system with Highmark’s support, we are implementing new ways to operate more efficiently and to grow revenue, while providing the best possible care to our patients. Early efforts to streamline operations and to increase accountability are beginning to yield measureable improvements.

Separately, we are announcing today that Allegheny Health Network has determined that it will delay the opening of the Temple University School of Medicine at the Allegheny Health Network regional campus until the affiliation is approved by regulators. Leaders of the Temple University School of Medicine have been consulted and they understand this decision.

We are absolutely committed to our partnership with Highmark and to improving our financial situation.  The audit report underscores the need for expedited review and approval of the Highmark-Allegheny Health Network transaction to preserve important community assets and preserve access to excellent healthcare for all residents of Western Pennsylvania
 

For more information, contact:
X
West Penn Allegheny Health System
Tell us who you are:

What areas do you use on our website?*
(select more than one if it applies)











Did you find what you were looking for?


Would you refer others to our website?

Can we contact you for future questions?

CAPTCHA math question:* 5 + 4 =

Thank you for completing the West Penn Allegheny Health System website survey.
We value your feedback and comments.