UPMC, which has more than 40 hospitals and 800 doctor's office and outpatient sites, reported operating revenue of $18.3 billion in the first nine months of the year, up from $16.9 billion during the same time last year. Management attributed that bump to membership growth in its insurance business, along with an increase in patient utilization.

Its health plan — the largest medical insurer in western Pennsylvania — saw its Medicaid enrollment grow almost 10% year over year, even as commercial enrollment dropped 4%. UPMC's Medicare membership grew 2.5%.

Enrollment in Medicaid has spiked during the pandemic as more Americans turned to the safety net insurance amid economic uncertainty and widespread job losses. In a boon for the program's rolls, the federal government paused state redeterminations during COVID-19, allowing a greater number of Medicaid beneficiaries to stay on the program — now the largest single source of coverage in the U.S.

https://www.healthcaredive.com/news/upmc-more-than-quadruples-net-income-to-12b-amid-returning-care-and-inves/610615/