In latest filings, Highmark optimistic about WPAHS future

Pittsburgh Post-Gazette, March 14, 2013
The ailing West Penn Allegheny Health System can be resuscitated whether or not Highmark Inc. and UPMC sign a long-term contract with each other, the insurer says in new financial projections filed with the state. If the reimbursement contract between the two companies -- which allows Highmark insurance customers to use UPMC health care facilities -- continues "beyond Dec. 31, 2014, WPAHS still captures adequate volume to produce positive results and generate the cash flow necessary to meet its obligations while continuing to invest in capital improvements," the filing says. The recovery will happen at a slower pace, however, because some patient traffic that would be directed toward WPAHS in the event of a Highmark-UPMC split would instead elect to visit UPMC physicians and hospitals.

MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.