Submitted by thanxhaveagood1 t3_z3m4h9 in pittsburgh
fangboner t1_ixn57e5 wrote
Reply to comment by PierogiPowered in Pittsburgh's largest nonprofit is concerned that its profits are down by thanxhaveagood1
Your second point is what angers me. A health system, and almost all businessess shouldn’t be invested in the stock market. If they have so much extra capital that they have to spend it somewhere they should be investing in their personnel, their facilities and improving care.
pittbiomed t1_ixoqp5o wrote
You haven’t seen the entire new hospital they are building next to Mercy ? Or have you missed the 2 new hospital they are building where the old Childrens’s used to be? Cmon now , be reasonable
fangboner t1_ixp00mf wrote
“Investment losses have been common across the country due to a bearish stock market, and UPMC has not been immune to those trends. In the first nine months of this year, UPMC reported more than $1.2 billion in losses from investing and financial services.”
pAul2437 t1_ixnc355 wrote
Now do colleges.
Those funds held by upmc are donor restricted
[deleted] t1_ixniq7q wrote
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[deleted] t1_ixnk1mb wrote
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[deleted] t1_ixnkn53 wrote
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fangboner t1_ixozwzt wrote
Then what exactly does this paragraph mean?
Investment losses have been common across the country due to a bearish stock market, and “UPMC has not been immune to those trends. In the first nine months of this year, UPMC reported more than $1.2 billion in losses from investing and financial services.”
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