Archive for October 18th, 2010

Highmark Collaborates with Blue Cross Blue Shield

Monday, October 18th, 2010

Blue Cross Blue Shield of Delaware (BCBSD) is now working closely with Highmark Inc. of Pennsylvania.  According to Blue Cross Blue Shield’s press release “Blue Cross Blue Shield of Delaware Announces Affiliation Agreement with Highmark Inc.,” this business relationship will strengthen the cost-effectiveness of the two companies.  It will also allow Blue Cross Blue Shield to bring Delaware residents some new products and services.

BCBSD has been working for four years on new corporate planning techniques to save money while remaining a competitive and leading force in the local marketplace.  By working closely with Highmark, BCBSD will remain a non-profit organization while enhancing their operations in a cost effective way.  As it has gotten harder for small, independent companies to stay competitive because of cost increases in the medical field, affiliations like this will probably become more common.

Once the Delaware Department of Insurance finishes their approval process, the two companies will be able to work together on investments towards new systems and other business capabilities.  Compare health insurance costs and they will be better positioned to keep customers happy by sharing investment expenses and capital requirements.  They will reduce administrative costs by sharing not only costs but current capabilities and systems that the other may not have.