BETHESDA, Md., Dec. 9 /PRNewswire/ -- University of Pittsburgh Medical Center (UPMC) presented a $10,000 donation to the Magee-Womens Hospital at a ceremony on Friday, December 3 in Pittsburgh. The check presentation was made possible after UPMC won the 2004 Association for Financial Professionals (AFP) Pinnacle Award grand prize for innovation in treasury and finance.
UPMC created UPAY, an Internet-based statement presentment and payment program for a sophisticated and complex network and requires just a PC and Internet Explorer. The $10,000 check was provided by Wachovia Bank, National Association as part of the award.
“University of Pittsburgh Medical Center is honored to be awarded the AFP Pinnacle Award. Not only do we have a strong commitment to advancing the treasury profession, but we are also committed to supporting the Magee-Womens Hospital and its mission to improve the health and well-being of women’s lives through quality health care services,” said Linda Zang, director, treasury services at UPMC. “The implementation of UPAY was a great success for our company and the Pinnacle Award gave us an opportunity to share a piece of that success with the community through this donation.”
Sponsored by the nation’s fourth largest bank holding company, Wachovia, the AFP Pinnacle Award is presented annually to organizations whose finance and treasury groups have implemented groundbreaking solutions to cash management and financial challenges. Each year, one organization wins the grand prize and funds to donate to the charity of their choice.
“We are grateful to have such a generous partner in University of Pittsburgh Medical Center to help advance the vision of the Magee-Womens Research Institute,” said Debbi Linhart, President and CEO, Magee-Womens Health Corporation. “This donation will help us to achieve our mission of taking action to improve the lives of women in Western Pennsylvania.”
“Finance and treasury professionals face difficult challenges while being asked to make imperative improvements to their organizations’ business functions,” said AFP President and CEO Jim Kaitz. “The AFP Pinnacle Award recognizes some of the most dynamic solutions to these challenges and we commend University of Pittsburgh Medical Center for its strategic partnership initiatives, and for their ability to positively affect the bottom line.”
“At Wachovia, we believe deeply in qualities the Pinnacle Award recognizes: A commitment to innovation and creativity in the provision and application of treasury services. We are proud to sponsor this award for the eighth consecutive year,” said Arthur A. Scott, senior vice president and chief operating officer of Wachovia’s Treasury Services Division. “University of Pittsburgh Medical Center’s UPAY application is a prime example of how technology and teamwork can improve efficiency and create solutions for everyday treasury challenges.”
About AFP
The Association for Financial Professionals in Bethesda, Maryland, supports more than 14,000 individual members from a wide range of industries throughout all stages of their careers in various aspects of treasury and financial management. AFP is the preferred resource for financial professionals for continuing education, financial tools and publications, career development, certifications, research, representation to legislators and regulators, and the development of industry standards.
About Wachovia Corporation
Wachovia Corporation is one of the largest providers of financial services to retail, brokerage and corporate customers, with retail operations from Connecticut to Florida and west to Texas, and retail brokerage operations nationwide. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve approximately 14 million client relationships (including households and businesses), primarily in 15 states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states and Washington, D.C. Global services are offered through 33 international offices. Online banking and brokerage products and services also are available through wachovia.com.
Wachovia had assets of $436.7 billion, stockholders’ equity of $33.9 billion and market capitalization of $61.4 billion at Sept. 30, 2004. SouthTrust, acquired by Wachovia on November 1, 2004, had assets of $53.8 billion and stockholders’ equity of $4.7 billion at Sept. 30, 2004.
About Magee-Womens Hospital of the University of Pittsburgh Medical Center
Magee-Womens Hospital of the University of Pittsburgh Medical Center is one of the six original Centers of Excellence in Women’s Health designated by the U.S. Department of Health and Human Services. Founded in 1911, Magee is among the nation’s leading women and infants’ specialty hospitals. Widely known for excellence in obstetrics and gynecological care, Magee is also a leader in maternal-fetal medicine, neonatology, breast and gynecologic cancers, minimally invasive surgery, genetic counseling, reproductive endocrinology and infertility. The Magee-Womens Health Foundation raises funds for patient care services, research and education. Over the years, financial contributions to Magee-Womens Hospital and Magee-Womens Research Institute have helped to improve and save the lives of countless Magee patients.
Association for Financial Professionals
CONTACT: Tara Meadows of the Association for Financial Professionals,+1-301-961-8869, or tmeadows@AFPonline.org
Web site: http://www.afponline.org/