Accounting & Financial Management
The nonprofit Blues insurer attributed this result to strong membership numbers in its individual business units, such as Highmark Health Plans.
The business environment for healthcare is beginning to stabilize, PwC said, after years of complex challenges.
The court agreed that the calculation of QPAs used in dispute arbitration disadvantages physicians in payment disputes with insurers.
Expenses continued to rise in July, contributing to the decrease in margins as YTD operating margin dropped to 1.1%.
ACOs that earned shared savings tended to be low revenue small and rural hospitals or organizations made up of physicians.
Lawmakers say more is required to ensure nonprofit hospitals' community benefit information is standardized, consistent and identifiable.
Company is focused on balancing risk and growth in working with payers, says CEO Mike Mikan.
Consulting was the top source of secondary income for physicians, followed by teaching, clinic work and serving as an expert witness.
Operating income was $741 million for the second quarter of the year compared to operating income of $89 million in Q2 2022.
The financing will support the working capital needs of the company until the closing of its California MA business to Molina Healthcare.