Here’s how Highmark Health did financially in the first half of 2023
Highmark Health notched higher revenue and net income in the first half of 2023 compared to the first six months of last year.
The Pittsburgh-based nonprofit, which includes Highmark Blue Cross Blue Shield, Allegheny Health Network and other health and technology businesses, reported on Tuesday revenue of $13.6 billion through June 30. That was up from $12.9 billion in the same period a year ago.
It also reported net income of $389 million, compared to a net loss of $174 million a year ago. It had $200 million in investment gains this year, compared to a $460 million drop in the equity markets in 2022. Operating gain, another key metric, declined to $230 million in 2023 compared to $387 million last year.
Read more at Pittsburgh Business Times.
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