Highmark Health Company Research Report
Company Overview
- Name: Highmark Health
- Mission: To create a remarkable health experience, freeing people to be their best.
- Founded: The legacy of compassionate care and philanthropy began more than 170 years ago.
- Key People:
- David L. Holmberg, President and CEO, Highmark Health and Chairman of the Board, Highmark Inc.
- Melissa M. Anderson, Chief Risk, Audit & Compliance Officer
- Michael J. Bennett, Executive Vice President, Chief Strategy and Transformation Officer
- Carl Daley, Executive Vice President, Chief Financial Officer and Treasurer
- Carolyn Duronio, Chief Legal Officer and Secretary
- Tony G. Farah, MD, FACC, FSCAI, Executive Vice President, Chief Medical and Clinical Transformation Officer
- Karen L. Hanlon, Executive Vice President, Chief Operating Officer
- Larry Kleinman, Executive Vice President, Chief Human Resources Officer
- Bruce A. Meyer, Executive Vice President and Western PA Market President
- Daniel A. Onorato, Executive Vice President, Chief Corporate Affairs Officer
- Craig Riner, Executive Vice President, Chief Marketing Officer
- Headquarters: Pittsburgh, Pennsylvania
- Number of Employees: Approximately 44,000 employees
- Revenue: $27.1 billion in consolidated revenue for the year 2023
- Known For: Highmark Health is known as a national, blended health organization delivering innovative health experiences through health insurance, health care delivery, population health management, dental solutions, reinsurance solutions, and technology solutions.
Products
- Health Insurance:
- Blue-Branded Health Plans provided through Highmark, covering a diversified spectrum of health-related needs.
- Health Care Delivery:
- Facility-Based Care through the Allegheny Health Network which incorporates multiple healthcare facilities and aims at delivering integrated and efficient healthcare solutions.
- Dental Solutions:
- Provided through United Concordia Dental focusing on comprehensive dental care solutions.
- Reinsurance Solutions:
- Offered through HM Insurance Group, providing tailored reinsurance products.
- Technology Solutions:
- enGen and Helion provide technology-driven solutions to streamline operations and deliver high-quality healthcare experiences.
Recent Developments
- Financial Growth: Highmark Health reported a 9% growth in revenue year over year, bringing the total to $22.1 billion with a net income of $529 million through the third quarter of 2024.
- Awards & Recognition:
- Named as a Certified Age Friendly Employer (CAFE) by The Age Friendly Institute.
- Recognized as a "Best Place to Work for Disability Inclusion" by the Disability Equality Index®.
- Digital Health Innovation: Highmark Health pioneered the use of digital healthcare solutions to improve patient experience and clinical outcomes.
- Strategic Partnerships:
- Partnered with Google Cloud and League for building an integrated healthcare platform aimed at revolutionizing the current health care model into a more integrated and efficient system.
Conclusion
Highmark Health stands as a key player in the national healthcare landscape through its integrated approach, diverse health offerings, and innovation-driven strategies. With a robust financial backbone and commitment to customer-centric service delivery, Highmark Health continues to operate as a leader in facilitating transformative healthcare solutions that emphasize sustainability, inclusivity, and enhanced user experiences.
(Note: Some details may not have been provided in the provided data, and hence "No information is available" is stated for product details and specific feature descriptions. Additionally, where specific historical founding information or detailed product descriptions cannot be derived, they have been omitted.)
