Highmark Inc.

Health
1:25 pm
Fri June 27, 2014

UPMC, Highmark Reach Transition Deal

A blueprint for what Pennsylvania officials hope will be a smooth transition for Highmark Insurance customers currently using UPMC doctors has been agreed to by both non profit organizations but the details have yet to be reached. 

“This as really been a bipartisan approach,” said Highmark CEO David Holmberg who just two weeks ago did not think such a deal was possible.  “This has been about everybody putting their swords down and doing the right things.”

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Economy & Business
1:14 pm
Wed May 21, 2014

Highmark Replaces CEO Winkenwerder

After less than two years at the helm, Highmark Inc. CEO Dr. William Winkenwerder has been replaced. 

The state’s largest insurer made the announcement this morning while also announcing that David L. Holmberg will step into the open post.

Holmberg has been with Highmark for the last seven years in several senior business operations roles. Most recently he served as President of Highmark Inc.'s Diversified Businesses. Prior to joining Highmark, Holmberg was the Executive Vice President for operations for Jo-Ann Stores, Inc.

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Science & Technology
12:22 pm
Mon June 24, 2013

Highmark and CMU Look to 'Disrupt' Healthcare Industry

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. 

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.

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Essential Pittsburgh
7:18 pm
Mon April 29, 2013

Highmark and West Penn Allegheny Health System to Become Allegheny Health Network

A partnership between Highmark and other major health systems has been approved
Credit Deanna Garcia / 90.5 WESA

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? Diane Denis, Katz Alumni Chair in Finance and Pitt Professor of Business Administration, dissects the deal.

Health
4:35 pm
Mon April 29, 2013

Highmark Deal with WPAHS Creates Allegheny Health Network

More than two years in the making, Highmark Inc. has finalized a partnership with a long list of healthcare providers, including the West Penn Allegheny Health System.
Credit Deanna Garcia / 90.5 WESA

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.

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.

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Health
10:54 am
Mon April 29, 2013

Highmark, West Penn Get State Approval on Merger

The deal to merge Highmark and the West Penn Allegheny Health System has cleared another hurdle, but with a few warnings.

The Pennsylvania Insurance Department has given approval to the transactional filing that would bring together the nonprofit organizations and create an "integrated delivery network."

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Pennsylvania
11:31 am
Wed April 10, 2013

Insurer Highmark Inc. Worth $15.2 Billion

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.

Without that acquisition, Highmark's profit was $246.5 million, the company says in a release Wednesday.

Highmark's profit was $444.7 million in 2011, but the company's value was $14.8 billion.