| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

West Penn Allegheny narrows loss

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

Friday, March 1, 2013, 3:45 p.m.

West Penn Allegheny Health System narrowed its loss slightly in the October-December quarter last year.

But Pittsburgh's second-largest hospital network still managed a net loss $30.3 million, compared with a net loss of $34.1 million in the same quarter the year before.

Its loss on operations also was reduced in the quarter, which is the second of its fiscal year, to $33.1 million, compared with losing $36.8 million on operations the year before.

Highmark Inc., the state's largest health insurer, is trying to buy West Penn Allegheny as it builds a new integrated health system to compete against UPMC.

As part of its strategy to turn around the finances of West Penn Allegheny, which owns five hospitals in the Pittsburgh region, Highmark funded the reopening of West Penn Hospital in Bloomfield and helped the system recruit new physicians.

Both those moves brought in new patients, which helped West Penn Allegheny boost revenue to $385.8 million during quarter, up from $365.4 million the year before, the system said. Increased reimbursement rates from insurers also helped increase revenue.

Yet competition from UPMC in Monroeville continues to reduce patient volume at Forbes Regional Hospital, the system said. UPMC opened a new $250 million hospital about a mile away from Forbes last summer.

Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or

Add Alex Nixon to your Google+ circles.

Subscribe today! Click here for our subscription offers.




Show commenting policy

Most-Read Business Headlines

  1. Fed insight gives stocks room to run; S&P 500 regains 2,000 mark
  2. Profit down at Alcoa
  3. Rice, Gulfport team on Utica shale pipeline system
  4. Alcoa supplying parts for military jets under $1.1B pact with Lockheed Martin
  5. Power plants challenged by carbon capture and storage
  6. Renewed Anheuser-Busch InBev bid for SABMiller ups stake in beer battle
  7. PNC fined for paperwork errors on municipal bond offerings
  8. Consumers bureau targets mandatory arbitration
  9. Day 2 ends in trial of West Virginia ex-coal chief
  10. Bear sharpens claws on ‘old Pittsburgh’
  11. Google is latest tech giant to claim space in mobile news