February 26, 2017 10:38 AM ET

Insurance

Company Overview of Highmark Blue Cross Blue Shield

Company Overview

Highmark Blue Cross Blue Shield engages in health insurance, dental insurance, vision care, and reinsurance businesses. It operates health insurance plans for individual and group customers in Pennsylvania, Delaware, and West Virginia. The company was founded in 1996 and is based in Pittsburgh, Pennsylvania. Highmark Blue Cross Blue Shield operates as a subsidiary of Highmark Health.

Fifth Avenue Place

120 Fifth Avenue

Pittsburgh, PA 15222-3099

United States

Founded in 1996

Phone:

412-544-7000

Key Executives for Highmark Blue Cross Blue Shield

Chief Administrative Officer, Chief Financial Officer, Executive Vice President and Treasurer
Age: 57
Chief Executive Officer of HVHC Inc
Age: 59
Executive Vice President and Division President of Health Services
President of Health Markets
President of HM Insurance Group
Compensation as of Fiscal Year 2016.

Highmark Blue Cross Blue Shield Key Developments

Highmark Introduces Clinical Case Management Pharmacists to its CareTeam

For those with multiple health issues, managing prescription medications can be a complex process, but a new service introduced by Highmark Inc. can help its members ensure the safety and effectiveness of their medications. With the new service, Highmark Inc. has added Clinical Case Management Pharmacists to its existing Care Management Teams, which include nurse case managers and health coaches, as well as behavioral health and social services. Care Management Teams help members stay on track with health and wellness, including medication adherence, eating right, exercising appropriately, and managing chronic illnesses like diabetes and asthma. The pharmacists will work with the team to manage pharmacy-specific member issues, evaluating individual cases and advising the team on the safest, most effective therapies. The Clinical Case Management Pharmacists will also address such issues as drug interactions, patient noncompliance with a medication, misuse of a medication, or to help address severe side effects a member may be experiencing. Often, the pharmacist will contact the patient's physician to discuss a particular medication issue or a drug interaction. And in some cases, the pharmacists will directly provide counseling to the patient on side effects, more effective use of medications, drug administration techniques, managing multiple medications, interactions and possible duplications. They will also advise patients on how to save money on their prescription drugs through the use of formulary alternatives, patient assistance programs and mail order opportunities. The pharmacists can also help patients better understand proper storage and handling of medications, and can answer questions about pharmacy and formulary policies and the appeals process.

Highmark, Ex-CEO Agree to Settlement

Highmark Inc. and its former president and CEO, Kenneth Melani, reached an out-of-court settlement to end a yearlong legal battle over his firing. Melani was fired in 2012, a week after a fistfight with the estranged husband of his then-girlfriend, Melissa Myler, a Highmark business analyst. Melani sued Highmark for more than $32 million in March 2015, alleging the health insurer owed him $25.85 million in severance and pension payments and that Highmark fired him because he refused to fire Myler.

HIGHMARK Introduces Innovative Energy Storage System to the Northeastern US

HIGHMARK has introduced the Building Load Deferment energy storage system to the Northeastern U.S. Building Load Deferment, a form of thermal energy storage and ice storage, enables energy production to be deferred to off-peak hours by storing it for later use, resulting in reduced energy costs by up to 50%. The affordable system can be installed quickly anywhere in a building and it integrates seamlessly with existing equipment. Key benefits of Building Load Deferment include: Reduce energy costs by up to 50%: By deferring HVAC cooling production to off-peak hours through storage technology, energy costs can be reduced by up to 50% due to significantly lower energy prices on nights and weekends and the avoidance of costly peak-demand and spike charges. Install anywhere quickly and easily, with seamless integration: The pre-engineered, pre-determined system can be installed anywhere in a building quickly and easily, and be seamlessly integrated into existing equipment. This simplifies and speeds up the evaluation process and results in more storage than traditional standardized options. Support renewables and sustainability: Renewable energy production is inherently difficult to predict since it depends on the weather. By controlling how a building consumes energy, Building Load Deferment strengthens the position of renewables in the overall energy mix and curbs the use of conventional power plants, in particular the least-efficient ones, which supports sustainability efforts. Qualify for utility rebates: By responding to Con Edison and NYISO load-relief programs, buildings qualify for utility rebates for the energy not used during peak hours " a win-win resulting in greater grid efficiency and a better bottom line for building owners. Pre-determined economics: Building Load Deferment's pre-engineered and pre-determined system offers investment-grade returns for building owners, allowing for faster decision-making and deployment in existing buildings. Maintain building comfort: Energy costs can be reduced and renewables supported all while the same high level of indoor comfort for building occupants is maintained.

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