Viewing a single comment thread. View all comments

[deleted] t1_jdz4m2k wrote

[deleted]

−98

akmalhot t1_jdzhqpo wrote

UPMC shouldn't have not for profit status. Medical systems in PA use this status to drive wild profits, which they just reinvest in growing the business and paying outsized salaries to c suite .. they can't retain 10% of the profit so they buy up buildings, build new treatment centers ... The status probably forces their reinvestment in growth

66

tesla3by3 t1_jdzt1in wrote

UPMC shouldn't have nonprofit status, agreed.

But there's nothing preventing UPMC from retaining 10% of their profit. In fact, best practice for nonprofits is to have enough can available to meet a drop in income; usually 3-6 months of expenses. At the end of 2021 UPMC had enough cash on hand to cover 148 days of expenses. $10.7 Billion in total cash and investments.

Their stated reason for expansion is "expanding access to healthcare", while at the same time doing things like closing Braddock and expanding in Monroeville.

18

akmalhot t1_je0baak wrote

the expanding access schtick is used to justify everything and anything.

In dentistry corporate DSO's use it to justify them owning and pulling money out of the entire system and allowing them to outright own offices. To expand access to care - yet all they do is open offices in highly competitive markets and close them in rural areas.

2

dmcd0415 t1_jdzvvr2 wrote

What cities are the most attractive places to large employers in the United States and what are those cities' quality of life for the people who live in them? Asking because I'm a person not a large employer so that's what I care about.

15

YIMBYYay t1_je09qpc wrote

Pittsburgh's non-farm job growth was an anemic 1.8% in February 2023. One of the lowest rates in the country. Compared to other similarly sized cities, Nashville 4.5%. Austin 4.8%. Indianapolis 3.3%. Portland 2.9%. Charlotte 3.1%. Raleigh 3.9%. Seattle 3.7%. Jacksonville 5.6%...

Columbus was a surprisingly low .7%, but they also just landed the $20 billion Intel plant, so there's that.

Hilarious, downvoting actual stats from the US BLS. Pittsburgh's job growth rate is basically half the national average, and this sub thinks that's okay.

−3

pghbdw t1_je00nff wrote

He should but judging by downvotes people don’t care about that either

−9

pghbdw t1_jdzhuyp wrote

Or reducing crime?????

−36

dirtymetz17 t1_je0aot6 wrote

How dare you want to safely walk down a street. Propel is educating 90% of the criminals.

0

pghbdw t1_je00kvc wrote

Judging by downvotes I guess we want crime

−9