Highmark Inc., a Pittsburgh based health insurer, and West Penn Allegheny Health System, a group of western Pennsylvania hospitals, resumed negotiations concerning a future affiliation between the two organizations Monday after a few weeks ago their plans nearly collapsed because of Highmark’s demands that West Penn declare bankruptcy. Read the story here.
West Penn Allegheny Health System and insurer Highmark announced at a press conference yesterday that the new ER will open on Valentine’s Day.
According to documents just made public, two months before the state’s largest health insurer announced a deal to acquire West Penn, it advanced the financially troubled hospital network $25 million.
The move was a result of Highmark’s ability “to negotiate more aggressive discounts with the pharmacies that remained in the network, resulting in savings for Highmark’s employer groups and members,” said Highmark in a statement.
The U.S. Supreme Court has refused to hear appeals by the University of Pittsburgh Medical Center and medical insurer Highmark Inc. objecting to a lower court’s decision to revive an antitrust suit against them by a smaller hospital network that competes with UPMC.
UPMC-Highmark contract disagreement prompts Sen. Fontana to propose revised property tax bill for nonprofits
Sen. Fontana’s proposed legislation would require nonprofits to pay taxes on their land, but not their buildings and other improvements– but the first $200,000 of the assessed value of a nonprofit’s land would be exempt, which Fontana says is meant to insulate smaller nonprofits from the tax.
Health giant says no to new contract; Highmark says it’s still willing to talk, reports the Pittsburgh Post-Gazette.
UPMC hopes that the transition away from insurer Highmark Inc. will be smooth and easy.
Employees see the merger between Highmark Inc. and West Penn Allegheny Health System as a comforting decision.
Health insurer Highmark, Inc. says it’s merging with the struggling West Penn Allegheny Health System, reports The Patriot-News.