Accounting & Financial Management
Due to the strong performance, the company is forecasting 2024 EPS guidance of $21.60 to $22.80 per share, both improvements.
The plaintiffs claim that Change failed to implement cybersecurity safeguards such as multifactor authentication.
This near-record trend is driven by inflationary pressure, prescription drug spending and behavioral health utilization, the report claims.
Operating revenue was $43.2 billion in the quarter, a decrease of $0.2 billion compared to the prior year quarter.
Marketing and branding have emerged as the foremost strategic growth priorities, with CFOs saying these areas are critical.
The company said it rebounded after a tough first quarter brought on by the Change cyberattack.
Gross margins per enrollee ranged from $753 in the Medicaid managed care market to $1,982 in the MA market.
HIMSS24
Jorie AI has an automated claims adjudication product to speed up payments, says CEO Sal Lo.
Massive chain cyberattacks, including those against Change and Ascension, have shed new light on the power of these incidents to trigger multiple cyber insurance policies, says Hartmut Mai, president of Cyberwrite.
The current pharmacy model is unsustainable as Walgreens is in discussions with PBM and payer partners to get paid fairly, CEO says.