Oscar Health reported a quarterly loss of nearly $198 million as the company invests more to grow its health insurance businesses, including Obamacare.
Category: Enterprise Tech
PPE Maker Medline’s Sales Eclipse $20 Billion During Pandemic’s Surge
Medical product maker Medline’s revenue eclipsed $20 billion last year, adding more than 230 new healthcare provider and health system accounts worth nearly $2 billion in 2020 sales.
Amazon Care Plans Big U.S. Virtual And In-Person Health Services Expansion
Amazon Care is expanding in-person healthcare services to more than 20 new U.S. cities in 2022.
Centene Reports $599 Million Profit On Medicaid And Medicare Growth
Centene reported $600 million in fourth quarter profit as membership grew by more than 1 million thanks to a big increase in enrollment in its Medicaid plans.
Forbes Blockchain 50 2022
Since our inaugural roundup of the Blockchain 50, published in 2019, the billion-dollar companies (minimum, by sales or market value) on our annual list have moved beyond test projects and now rely on “distributed ledger” technology to do serious work….
Cigna Reports $1 Billion Profit On Strong Evernorth Pharmacy Performance
Cigna reported $1.1 billion net income for the fourth quarter of last year aided by the company’s Evernorth health services business which manages pharmacy benefits.
Humana To Invest $1 Billion In Medicare Advantage Business After Enrollment Comes Up Short
Humana said it will invest $1 billion in its Medicare Advantage business following a disclosure the health insurer would add fewer seniors to such plans than expected for 2022.
City Of Hope To Broaden Research And Care Nationally With Close Of Cancer Treatment Centers Deal
City Of Hope is looking to expand its “research, innovation and specialized cancer care” to more patients nationally now that its $390 million purchase of Cancer Treatment Centers of America acquisition has closed.
Florida Blue Cross Taps Puerto Rico Market And Beyond With Deal’s Close
The parent of Blue Cross and Blue Shield of Florida has completed its $900 million purchase of Puerto Rico’s Triple-S Management, broadening its reach into several new markets.
Lyft Expands Enhanced Healthcare Pickup ‘Assistance’ Service
Lyft is expanding a new service for riders who need more “physical assistance” for their doctor’s office visits and other healthcare appointments
