Health Care Service Corporation, the parent of Blue Cross and Blue Shield plans in five states said it is buying Trustmark Health Benefits, a third party health plan administrator, for an undisclosed amount.
Category: Enterprise Tech
Cigna’s Evernorth And Health Plan Growth Push Profits To $1.6 Billion
Cigna reported $1.6 billion in quarterly profits thanks to rising health plan membership and continued growth of the company’s Evernorth health services business.
Humana Reaps $696 Million Profit On Medicare Growth And Lower Costs
Humana reported nearly $700 million in profits in the second quarter thanks to lower than expected medical and administrative costs.
Centene To Sell Some European Assets As Health Insurer Focuses On U.S.
Centene will sell certain Spanish and European healthcare businesses as the U.S. health insurer reviews the future of its international portfolio.
This Startup Raised $9 Million To Make Better Quality Quantum Computers
Atlantic Quantum aims to develop new computing hardware that reduces errors and improves the scalability of quantum systems.
Elevance Health Profits Eclipse $1.6 Billion On Medical And Drug Plan Growth
Elevance Health reported nearly $1.7 billion in second quarter profits as the health insurer formerly known as Anthem grew its diverse portfolio of medical and drug benefits.
Defying Pullback In Investments, General Catalyst Launches $670 Million Healthcare Fund
There’s a bright side to the market doldrums, says managing partner Hemant Taneja: stronger companies will rise to the top as frothiness subsides.
This Startup Just Raised $25 Million To Help Airlines Upsell You On Your Next Flight
Gordian Software creates the APIs to handle charges for seat upgrades, baggage and other add-ons–now it aims to expand its range.
UnitedHealth Group’s Profits Top $5 Billion As Optum And Health Plans Grow
UnitedHealth Group’s profits exceeded $5 billion in the second quarter thanks to a strong performance by its Optum health services and its UnitedHealthcare health insurance plans.
Anthem Shareholders Approve Health Insurer’s Rebrand To ‘Elevance Health’
Anthem shareholders Wednesday approved the health insurer’s plan to become Elevance Health in a major rebranding designed to focus the health insurance company on “whole health” of customers and patients.
