Mr. Holmberg leads Highmark Health, a $29 billion blended health organization that includes one of America’s largest Blue Cross Blue Shield insurers and a growing regional hospital and physician network, overseeing 44,000 employees who serve millions of customers nationwide through affiliated businesses including Highmark, Pittsburgh-based Allegheny Health Network, HM Insurance Group, United Concordia Dental, Helion and enGen. During his tenure, the organization grew revenues from $15 billion in 2013 to $29 billion in 2024, driven by a diversified business model and consistently strong consolidated financial performance that has proven resilient through post-Affordable Care Act turbulence, inflation, labor shortages and the Covid-19 pandemic. Among his most consequential leadership moments was guiding the financial turnaround of Allegheny Health Network, which was nearing bankruptcy when acquired by Highmark in 2013 and has since grown to 14 hospitals and six health and wellness pavilions, and successfully negotiating a 2019 agreement with the Pennsylvania Attorney General to preserve residents’ access to the region’s two leading health systems. Mr. Holmberg has shaped the broader healthcare industry through active engagement with trade associations, regulators and government, including a 2016 federal lawsuit that resulted in a landmark 2020 Supreme Court ruling affirming the federal government’s obligation to fulfill promises underpinning public-private partnerships. In 2022, Highmark Health launched “My Highmark,” a first-of-its-kind health platform providing seamless care navigation, shared care plans, virtual and digital health, simplified bill payment and cost transparency to 7 million members. He joined Highmark in 2007 and served in progressive executive roles before assuming the CEO position.
