Children's Hospital Able To Expand Clinical Programs To Benefit Region's Families Due To Financial Success

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Children's Hospital Able To Expand Clinical Programs To Benefit Region's Families Due To Financial Success

New asthma, cancer and sleep programs - just a few developed to meet increasing needs

Pittsburgh, Pa. - October 25, 2006 -

A successful fiscal year in 2006 enabled Children's Hospital of Pittsburgh of UPMC to expand services and develop new programs to benefit patients throughout the region, President and CEO Roger A. Oxendale announced today.

Children's total revenues achieved for fiscal year 2006 were $462.5 million with a bottom line of $32 million. In fiscal year 2005, Children's total revenues were $408 million with gains of $29 million.

Because of this financial success, Children's has been able to reinvest substantially in new programs and equipment, and to make capital improvements to the hospital. Among the new or expanded programs Children's developed in 2006 are an Asthma Center, an Adolescent and Young Adult (AYA) Oncology Program and the Sleep Medicine Program, which includes a new, six-room sleep laboratory near Children's North in Wexford.

"Children's fiscal responsibility over the years has allowed us to continue to grow our programs and offer world-class care to families in the tristate region," Oxendale said. "For example, because conditions like sleep disorders related to childhood obesity and asthma have continued to rise at an alarming rate, we've significantly expanded those programs to meet the needs of our patients. Our new teen and young adult oncology program is among the first in the nation based on the concept that young people in this age range have better survival rates when treated at pediatric hospitals."

In addition to expanding and developing new programs, Children's also has increased the amount of free care provided in fiscal year 2006. The Free Care Fund, which ensures that all children from this region receive care regardless of a family's ability to pay, provided $27 million in free care last year, up $1 million from the previous year.

"Our Free Care Fund truly represents our mission and is at the heart of what Children's is all about," Oxendale said. "This fiscal oversight has enabled us to develop services and programs that are second to none."

Fiscal year 2006 was one of growth in a number of ways for Children's:

Admissions increased to 13,140 from 12,651 the previous year
Observation cases rose to 6,664 from 6,142
Total inpatient volume increased to 19,804 from 18,793
The occupancy rate jumped 2 percent from last year (to 72 percent from 70 percent)
Total surgeries rose to 20,375 from 19,269
Emergency Department encounters increased to 59,845 from 59,139
Outpatient encounters in Oakland rose to 342,494 from 323,473
Outpatient encounters at ambulatory care centers rose to 112,354 from 89,870

The online version of the annual report will be available soon. Please check back.

Contacts:
Marc Lukasiak, 412-692-7919 or 412-692-5016, Marc.Lukasiak@chp.edu
Melanie Finnigan, 412-692-5502 or 412-692-5016, Melanie.Finnigan@chp.edu

Last Update
February 15, 2008

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