Category: Enterprise Tech

Oscar Health Taps Former Aetna Executive As New CEO, Replacing Insurer’s Co-Founder

Oscar Health said former Aetna executive Mark Bertolini will take over as chief executive officer effective next week, replacing company co-founder Mario Schlosser.

Alignment Healthcare Eclipses 100,000 Medicare Advantage Members As Losses Narrow

Alignment Healthcare projects Medicare Advantage health plan membership of more than 100,000 in 2023.

As Cigna Adds More Services, Insurer Adjusts Brands To Reflect Benefits And ‘Evernorth Health Services’

Cigna now has three brands: The Cigna Group holding company; Cigna Healthcare, the health benefits provider; and Evernorth Health Services, the pharmacy, care and benefits provider.

Centene Reports Loss But Unveils Obamacare Revenue Boost For 2023

Centene reported a $213 million loss but raised its guidance for 2023 thanks to increasing revenue from Obamacare.

Cigna Profits Top $1 Billion With 1M New Health Plan Members Forecast For 2023

Cigna reported nearly $1.2 billion in fourth quarter 2022 net income and forecasts the addition of “at least” 1.2 million new medical customers in 2023.

City Of Hope Expands Brand To Cancer Treatment Centers Of America Hospitals

City of Hope will extend its brand to the Cancer Treatment Centers of America facilities it acquired last year.

Abbott Reports $1 Billion Profit Despite Falling Covid Testing Sales

Abbott Laboratories reported $1 billion in fourth quarter profits despite an expected decline in sales of tests for COVID-19.

These Venture Veterans Have Launched A $350 Million Fund Aimed At Digitizing Life Sciences

Dimension, which was founded by alumni of Lux Capital and Obvious Ventures, wants to focus on the intersection of life and computer sciences.

Elevance Health To Buy Louisiana Blue Cross Plan

Elevance Health will buy Blue Cross and Blue Shield of Louisiana, adding to its family of Anthem Blue Cross plans in 14 other states.

UnitedHealth Group Reports $4.7 Billion Profit As Optum And Health Plans Maintain Momentum

UnitedHealth Group’s profits eclipsed $4.76 billion in the fourth quarter as the healthcare giant’s UnitedHealthcare insurance plans and Optum health services maintained growth.