The week that was: Business week in review

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To Your Health, Part I

In the never-ending local tug-of-war for health insurance customers, Highmark tallied a major win when Allegheny County School Health Insurance Consortium announced that the group — which provides health coverage for 19,000 area teachers, administrators and other school personnel, plus an additional 22,000 family members — would be sticking with Highmark through 2018. That means those employees won’t have access to many of UPMC’s hospitals and doctors, should Highmark and UPMC split at the end of this year, as UPMC has promised will happen. The consortium said it is sticking with Highmark to save money. 

To Your Health, Part II

Patient volume at UPMC hospitals was down for the first three months of 2014. The reason? Harsh winter. "We had three or four days where people just didn't show up," UPMC CFO Robert DeMichiei said at the health system’s quarterly financial briefing. Those hospitals will soon have a new boss: Leslie Davis has been named president of UPMC’s Hospital and Community Services Division,leading the system’s 20 hospitals, plus its specialty and senior care facilities. She replaces Elizabeth Concordia, who this summer will take over as CEO of the University of Colorado Health System.

Your room isn’t ready

Krasta Properties has been given another extension (until June 12) to start construction on its proposed Holiday Inn Express and Suites hotel, to be built on Federal Street near PNC Park. It’s the fifth such extension the developer has received from the Pittsburgh-Allegheny County Sports & Exhibition Authority since first pitching the hotel in 2009. 

Quote of the week

"We've gone through this massive evolution here over the past couple of years, and now it's time to start looking at other areas that feed into support."

— Nick DeIuliis, the new Consol Energy CEO who formally took over for longtime CEO J. Brett Harvey. Mr. DeIuliis was speaking of Consol’s evolution from a coal mining and transport company into a natural gas exploration and processing firm, with a much smaller employee headcount.     

A wild ride

ExOne Co., the North Huntingdon 3-D printing company, is developing ways to print parts from titanium, aluminum, magnesium and other materials, said David Burns, company president and COO, at the firm’s shareholder meeting. He also said ExOne is expecting revenue of $55 million to $60 million in 2014, up from $39.5 million last year. ExOne shares debuted in February 2013 at $18, jumped to more than $78 (thanks to excitement about the technology and a “bubble” in 3-D printing stocks) and has now settled at $32.14, its Friday closing price. 

In case you missed it ...

... visit www.post-gazette.com/business to read about the new A-B-C grading system for Allegheny County restaurants. “County health officials have been wrangling, wrestling and debating for years over a system for posting A-B-C cleanliness grades on restaurant doors,” reports the PG’s Patricia Sabatini. Now, the rest of us get to weigh in — the 30-day public comment period is set to start this week and run through mid-June. Give your feedback at www.achd.net.


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