Highmark Inc. http://wesa.fm en Highmark and CMU Look to 'Disrupt' Healthcare Industry http://wesa.fm/post/highmark-and-cmu-look-disrupt-healthcare-industry <p>Highmark Inc. and its recently formed healthcare arm Allegheny Health Network are hoping Carnegie Mellon University will be able to dive into the systems’ terabytes of patient care and payment data to find industry changing breakthroughs.&nbsp;</p><p>CMU’s Allen Russell will head the Disruptive Healthcare Technology Institute. He believes the healthcare industry, as a whole, has been resistant to what he calls “disruptive change,” like what the mobile phone did for communications or the personal computer did for mainframe computing.</p> Mon, 24 Jun 2013 16:22:06 +0000 Mark Nootbaar 11991 at http://wesa.fm Highmark and West Penn Allegheny Health System to Become Allegheny Health Network http://wesa.fm/post/highmark-and-west-penn-allegheny-health-system-become-allegheny-health-network <p>Highmark Inc. has finalized its partnership with a long list of healthcare providers including the West Penn Allegheny Health System. Now that the Pennsylvania Insurance Department has approved the deal, what happens on Dec. 31, 2014 when the UPMC-Highmark contract expires? <a href="http://www.business.pitt.edu/katz/faculty/denis-diane.php"><strong>Diane Denis</strong></a>, Katz Alumni Chair in Finance and Pitt Professor of Business Administration, dissects the deal. Mon, 29 Apr 2013 23:18:46 +0000 Heather McClain 8703 at http://wesa.fm Highmark and West Penn Allegheny Health System to Become Allegheny Health Network Highmark Deal with WPAHS Creates Allegheny Health Network http://wesa.fm/post/highmark-deal-wpahs-creates-allegheny-health-network <p>Just moments after the Pennsylvania Insurance Department gave its approval to the deal, Highmark Inc. finalized its partnership with a long list of healthcare providers, including the West Penn Allegheny Health System, Jefferson Regional Medical Center and a group of West Penn physicians that will be known as the Allegheny Clinic.</p><p>The deal was more than two years in the making, and Highmark Board Chairman Bob Baum said it shows all of those involved have the will and the determination to build the new integrated delivery system, dubbed the Allegheny Health Network.</p> Mon, 29 Apr 2013 20:35:49 +0000 Mark Nootbaar 8687 at http://wesa.fm Highmark Deal with WPAHS Creates Allegheny Health Network Highmark, West Penn Get State Approval on Merger http://wesa.fm/post/highmark-west-penn-get-state-approval-merger <p>The deal to merge Highmark and the West Penn Allegheny Health System has cleared another hurdle, but with a few warnings.</p><p>The Pennsylvania Insurance Department has given approval to the transactional filing that would bring together the nonprofit organizations and create an "integrated delivery network."</p> Mon, 29 Apr 2013 14:54:40 +0000 Mark Nootbaar 8663 at http://wesa.fm Insurer Highmark Inc. Worth $15.2 Billion http://wesa.fm/post/insurer-highmark-inc-worth-152-billion <p>Pittsburgh-based Highmark Inc., the state's largest health insurance company, is now worth $15.2 billion and turned a profit of $432.2 million last year, though that includes assets gained when it acquired Blue Cross Blue Shield of Delaware.</p><p>Without that acquisition, Highmark's profit was $246.5 million, the company says in a release Wednesday.</p><p>Highmark's profit was $444.7 million in 2011, but the company's value was $14.8 billion.</p> Wed, 10 Apr 2013 15:31:31 +0000 The Associated Press 7607 at http://wesa.fm