UPMC earned $349 million in the first half of 2025, a massive improvement after having lost almost as much money by the same point last year.

The provider side of UPMC generated $243 million in operating income, compared to $106 million for its insurance business, according to a financial report released Thursday. Total revenue hit $16.5 billion.

At the halfway point of last year, by contrast, UPMC had bled $87 million as a provider and $226 million as an insurer for a total loss of $313 million. Its revenues were $14.5 billion.

UPMC’s health care network, which includes more than 40 hospitals, has been buoyed so far this year by a higher number of patients and “continued operational efficiency efforts,” the organization said in its report.

Outpatient activity is up 15% over the same point last year. Inpatient and physician activity are up 7% each.

UPMC Health Plan, as the insurance side is known, benefited from higher margins on patients using Medicare, Medicaid, Community Health Choices or Community Care — all government programs.

Its membership base of more than 4.1 million grew only marginally.

UPMC made $237 million through the first quarter of this year, according to a prior report.

A second positive quarter in a row suggests UPMC could be on track for its first money-making year since 2022.

Rival Highmark Health’s operating income reached $121 million through the first half of the year, propelled by efficiency gains and federal reimbursements for spending in response to covid-19.

Like UPMC, Highmark has seen improved financial fortunes after a few tough years.

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