Here is the story from the Pittsburgh Tribune-Review. Highmark is the largest health insurer in Pennsylvania and an affiliate of the BlueCross and BlueShield Association. The closing of the deal with Jefferson, valued at $350 million, gives Highmark an anchor hospital in the South Hills of Pittsburgh. Highmark is also trying to finalize an approximately $1.1 billion acquisition of the West Penn Allegheny health system. The West Penn deal is pending regulatory approval of the PA State DOI.
Archive for the ‘Highmark’ Category
This goes into the “stranger than fiction” file. Highmark is one of the largest health insurers in Pennsylvania. The CEO of Highmark was fired by the board in an emergency meeting when a police report was released which alleged that the CEO was arrested for trespassing onto the property of his mistress (and her husband) and assaulting the husband of his mistress after an altercation.
At this point, I don’t believe Highmark has announced a permanent replacement. According to the Wall Street Journal, the company is being led by J. Robert Baum until a permanent replacement is selected.
Highmark is selling off their Medicare claims processing business in order to clear a regulatory path regarding their acquisition of West Penn Allegheny. It appears that Highmark is more interested in vertical expansion within the health care space than growing horizontally with ancillary Medicare service businesses. A Highmark EVP is quoted as saying that they plan to expand more into the medical provider business.
The story is from the Pittsburgh Tribune-Review. Highmark is looking for injunctive relief to block University of Pittsburgh Medical Centers (UPMC) from airing ads which talk about the termination of portions of their contract with Highmark in June of 2012.
UPMC is considered a very important medical provider in the Pittsburgh market.
We have published the Highmark 2010 Medicare Advantage Plan Designs in the “Agent Use Only” portion of our website for Insurance Agents to study for 2010 Highmark Product Certification.
Insurance Agents looking for 2010 Plan Designs can visit our Resource Center. To access the plans use the following:
- Company = Highmark
- State = PA
- Product = Medicare Advantage
- Resource = Product Availability