Major insurer Cigna outperformed industry expectations in the second quarter, riding sustained growth at subsidiary Evernorth and raking in $48.6 billion in revenues, with shareholders’ net income hitting $1.5 billion, or $4.92 per share.
Category: Healthcare Finance News
Dr. Maria Ansari is first woman to become CEO and executive director of The Permanente Medical Group
In June, Dr. Maria Ansari became the first woman to assume the role of CEO and executive director of The Permanente Medical Group, the largest physician-led medical group in the nation. She was also named president and CEO of the Mid-Atlantic Permanent…
Almost a quarter of Black parents experience unfair treatment in healthcare
It’s been long reported that Black patients and other members of racial/ethnic minority groups face discrimination or unfair treatment in healthcare.
But a new Urban Institute study hones in specifically on minority parents, finding that 13% of parent…
AI helps hospitals optimize their financial assistance programs
Atlas Health taps into financial assistance programs for patients to help hospitals get paid. AI connects the money, patients and health systems.
AmeriHealth Caritas offering coverage to former Friday Health Plans members
After Nevada became the latest state to liquidate Friday Health Plans, beneficiaries and insurance officials fretted about placing people into new coverage. In North Carolina, one of the states in which Friday once conducted business, AmeriHealth Carit…
Informa Markets and HIMSS partner to grow the HIMSS Global Health Conference & Exhibition
The Healthcare Information and Management Systems Society (HIMSS) and Informa Markets have announced a strategic partnership to grow and expand the HIMSS Global Health Conference and Exhibition.
Informa Markets will take on management of the HIMSS exh…
MA membership growth drives strong quarter for Humana
Due in part to “better-than-expected” membership growth in Medicare Advantage, insurer Humana announced in its quarterly earnings call this week that it had logged a strong second quarter, collecting earnings of about $956 million, a 37.8% increase ove…
CMS, Maximus investigating data breach involving personal health information
The Department of Health and Human Services and the Centers for Medicare and Medicaid Services are responding to a data breach in May in Progress Software’s MOVEit Transfer software on the corporate network of Maximus Federal Services, a contractor to …
AHA, others call inpatient payment in final rule inadequate
Inpatient and long-term care hospitals get a 3.1% operating payment rate increase for 2024 in the final rule released Tuesday by the Centers for Medicare and Medicaid Services.
CVS reports Q2 losses driven by acquisition and restructuring costs
CVS Health reported a net income loss of $1.12 million in the second quarter, driven by $168 million in acquisition costs for Signify and Oak Street Health, real estate expenses and a restructuring charge of $500 million.
