BRMC Post Surplus for Fourth Year
Bradford Regional Medical Center (BRMC), a member of Upper Allegheny Health System (UAHS), posted a surplus of $2,078,035 in 2014. The announcement was part of Wednesday’s presentation at the Bradford Club by Timothy J. Finan, President and CEO of BRMC and Upper Allegheny Health System, before an audience of more than 100 community members at the hospital’s Annual Meeting. Finan reported the surplus on hospital revenues of $70,826,456 in 2014. It was the fourth consecutive year BRMC has posted an operating surplus. Finan said the four years of surpluses came after several consecutive years of losses by the hospital prior to the formation of Upper Allegheny Health System. “The formation of Upper Allegheny Health System has provided $4 million of financial benefit annually to our member hospitals,” Finan said in a news release provided to WESB. “Had it not been for the formation of UAHS, our hospitals would no doubt be in a difficult place today.” While pleased with the re...