Highmark Health revenue grows 9% year over year to $29.4 billion; reports $50 million net income through year-end 2024 despite industry challenges

Highmark health plans report negative operating performance while solving medical trend costs across the industry
Alegeni Health Network Report increases revenue 9 % and improves operating performance year by year

PittsburgFor, for, for,. March 13, 2025 / PR NewsVire/-High Mark Health announces stable financial results for the entire year, 2024, reporting .4 29.4 billion In the tax, million 50 million In net income, and 9 209 million In operating losses.

These results reflect the negative operating performance of highmark health projects, which faced pressure from industrialized medical trends, which continued for the fourth quarter of 2024. United Connodia Dental and HM Insurance Group saw permanent operating performance, which increased dental membership and pricing discipline. Highmark Health Provider Network, Alegeni Health Network (AHN) also saw operating improvement by increasing the amount of patients in all areas of maintenance. High Mark Health maintained a strong balance sheet 7 11.7 billion In cash and investment and net assets 8 9.8 billion As if December 31, 2024.

“Our industry needs a more economically sustainable approach that provides better health experiences and results. This is exactly what we have taken with our long -term change strategy and living health model.” David HolbergPresident and Chief Executive Officer of High Mark Health. “The latest version of our living health model is in Western Pennsylvania. In 2024, Hymark and Ahn launched a value -based program in which they shared their common population management goals and financial risks. It uniquely builds more than a decade of coordinating pay -based pay -based pay -based pay -based paying payments, which have improved consumer satisfaction and health results by controlling the overall costs for members and group consumers of the health project. “

“Although our stable income has improved, we face the industry’s main heads and medical cost trends, including prescription drugs, especially GLP-4, the effects of medical refining, and high use across the country, especially for medical advantage portfolio.” Carl DailyChief Financial Officer and Treasurer of High Mark Health. “We expect this industrial challenge to continue, but our comprehensive strategy and strong financial position will allow us to go to these difficulties while financing our change strategy and provides strength. We are ready for this difficult environment and ready to develop it better.”

High health projects

High Mark Health Plans are reported billion 22 billion In operating revenue and 6 166 million In operating losses at the end of the year of 2024. The Health Insurance Organization faced increasing use of health care, continuous effects of medical regeneration, and high prescription costs, especially from GLP -1S (glucagon -1 receptor agonists). The organization also reported an increase in basic health plans and Blue Card membership January 2025 Compared to the same period in 2024, with 7.1 million members, as the largest health insurance company in PA, D, WV, and western New York, maintaining the position of high health projects.

Alegeni Health Network (AHN)

The total revenue of Ahn increased by 9 % year by year 1 5.1 billionAnd its operating loss improved 15 % 7 147 million The amount of patients partially increases compared to the same period last year. The provider system notified million 115 million In interest, tax, deprivation, and interest, deprivation, and earnestness (Abbotta) earnings for the end of the year of 2024.

Through December 31, 2024Ahn reported that the volume of the following patients increases in 2023 compared to the same period:

3 % increase in patients’ discharge and observations
6 % increase in outpatient registration
5 % increase in therapeutic visits
5 % increase in emergency room visits

Diverse business

Supply of a diverse business of highmark health 1 4.1 Billion In a steady operating revenue December 31, 2024. United Konkardia Dental reported 7 1.7 billion In operating revenue and million 105 million In operating advantage. Engine reported 2 1.2 Billion In operating revenue. HM Insurance Group reported 2 1.2 Billion In operating revenue and million 56 million In operating advantage.

About highmark health

High Mark Health, A Pittsburg, PAA -based enterprise that hires 44,000 people who serve millions of Americans across the country is the main company of High Mark Inc., Alegeni Health Network, and the Anjin. High Mark Inc. and its subsidiaries and its affiliates provide health insurance to 7.1 million members PennsylvaniaFor, for, for,. Western VirginiaFor, for, for,. DelawareAnd New YorkPrecision products through dental insurance, and national network of diverse businesses. Alegeni Health Network is an integrated delivery network in Western Pennsylvania More than 14 hospitals, more than 2,600 physicians, ambulance surgery centers, a working therapist organization, home and community -based health services, a research institute, a group buying organization, and health and fitness pavilions. Angel Information Technology platforms and other business needs of the High Mark Health Enterprise are concentrated by providing non -connected health insurance projects through proven business processes, experts, and integrated cloud -based platforms. To learn more, see www.highMarkhealth.org.