Pittsburgh-based Highmark Health reported $8.3 billion in revenue and $216 million in operating income for the first quarter, according to earnings results posted May 28.
The organization posted $183 million in net income for the quarter and maintained $11.4 billion in cash and investments, with net assets of $9.9 billion as of March 31.
Health plans
Highmark Health Plans reported $6.3 billion in operating revenue and $249 million in operating income for Q1, a $258 million improvement over the same period in 2025. The division’s recovery was attributed to pricing and product strategy adjustments alongside the organization’s integrated payer-provider structure.
Allegheny Health Network
Allegheny Health Network posted $1.5 billion in revenue and $9 million in operating income for the quarter, marking its fifth consecutive quarter of positive operating income. Net EBITDA was $64 million, a 13% decrease year over year, which the system attributed to net unrealized investment losses.
Volume trends were mixed. Inpatient discharges and observations fell 3% year over year, as did emergency room visits. Outpatient registrations and physician visits each increased 3%. AHN cited weather challenges and a milder-than-expected respiratory season as contributing to softer inpatient and ER volumes early in the quarter.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
