Highmark Health, Allegheny Health Network Celebrate 10th Anniversary Milestone insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
The nonprofit Blue Cross and Blue Shield company credited its above-market Medicare Advantage growth for 2023 to its mix of co-branded products, benefit packages and plans with high star ratings.
Like many health care systems, inflation, supply chain woes and staffing challenges took a bite out of Highmark Health’s finances during 2022. Highmark reported a net loss of $346 million on $26 billion in revenue. Excluding investment losses, the organization reported net earnings of about $47 million. Meanwhile, the Pittsburgh-based