Highmark Health reported a net loss of $150 million in the first quarter of 2022, driven by losses from the company’s stock market portfolio and increased costs at the company’s large hospital system, Allegheny Health Network. Financial reports released by Highmark showed the company brought in $6.4 billion in revenue
Highmark Health reports $6 4 billion in revenue and $100 million operating margin gains in first quarter 2022 streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Despite confronting spiking staffing costs while covid-19 hospitalizations climb, Allegheny Health Network’s leaders say they’re confident in the 14-hospital system’s ability to treat influxes in patients as the pandemic rages on. “We have capacity and we’ve got the equipment that we need,” AHN Chief Financial Officer James Rohrbaugh told the
The Allegheny Health Network reported an operating loss of $23.4 million for the first three months of 2021, financial documents released Friday show. Despite starting the year in the red, AHN Chief Financial Officer James Rohrbaugh said the 14-hospital system remains on solid financial footing. He points to patient visits