Business Intelligence
The transaction will allow Humana to increase its footprint in home care at an attractive valuation, company says.
The system is the latest to rebrand as the healthcare industry shifts to focus more on consumer choice and capturing market share.
The agreement will focus on access to Cigna's PPO provider network and on specialty pharmacy services, with an eye to improving affordability.
After a $1 billion loss last year, the company will no longer offer individual or family plans in six states.
The announcement comes a month after the appointment of new Centene CEO Sarah London.
Healthcare benefits typically represent the largest expense compared to other operating expenses.
UnitedHealth Group attributed Optum's growth to the accelerating expansion of its value-based care delivery initiatives.
The system expects the rebranding will enable stronger care coordination, less costly duplication and more effective nurse and physician recruitment.
Fifty-eight lawsuits were filed in 2021, with 43 of them filed against healthcare organizations, the largest percentage among all industries.
HIMSS22
HIMSS Chief Clinical Officer Dr. Charles Alessi, tours the conference session halls at the 2022 HIMSS Global Health Conference & Exhibition in Orlando to discover the most in-demand topics.