Cigna Group Stock Price, News & Analysis

Cigna has launched Cigna Pathwell, a suite of health products aimed at improving care for patients with high-cost conditions. Integrating Evernorth's analytics with Cigna's medical benefits, Pathwell targets biologic medicines and musculoskeletal pain, enhancing the healthcare experience for patients and their employers. The initiative promises cost reduction and personalized support, especially for those needing infusion therapies. The Pathwell suite aims to evolve further in 2023, adapting to emerging health trends.

On September 15, 2022, Evernorth, the health services division of Cigna Corporation (NYSE: CI), announced the expansion of its Digital Health Formulary by adding five innovative app-based programs focused on improving health issues like insomnia, anxiety, and substance use disorders. This industry-first platform ensures solutions meet stringent clinical effectiveness and usability standards, promising average savings of $120,000 per solution for health plans. Evernorth aims to connect patients with affordable, evidence-based care, providing plans for over 20 million U.S. members.

Cigna Corporation (NYSE:CI) announced that Dr. David Brailer, M.D., Ph.D., will join as Executive Vice President and Chief Health Officer in early September. Dr. Brailer, known for his expertise in health care innovation, will lead initiatives to enhance Cigna's products and services. Reporting to CEO David M. Cordani, he aims to advance Cigna's strategy for affordable and predictable health care. With a robust background in health technology and policy, Dr. Brailer's addition is expected to strengthen Cigna's commitment to improving customer health outcomes.

Cigna (NYSE: CI) announces a substantial expansion of its ACA Marketplace exchange plans for 2023, increasing access to affordable healthcare in Texas, Indiana, and South Carolina, along with 50 additional counties in Georgia, Mississippi, and North Carolina. This move is poised to serve approximately 730,000 more customers across 363 counties in 16 states. Key features include $0 virtual primary care via MDLIVE, cost-effective prescription options, and incentives for healthy behaviors, aimed at enhancing customer experience and access to quality care.

Cigna Corporation (NYSE: CI) announced that its CEO, David Cordani, will present at the Morgan Stanley 20th Annual Global Healthcare Conference on September 13, 2022, in New York, NY. The presentation is scheduled for approximately 9:10 a.m. ET, with a live webcast available on Cigna's investor relations website. Cigna operates in over 30 countries and serves over 190 million customers worldwide, providing integrated health services like medical, dental, and pharmacy benefits.

Cigna Corporation and Oscar Health, Inc. are launching a new health insurance offering for small businesses in the Philadelphia area, effective January 1, 2023, pending regulatory approval. This initiative aims to provide affordable, member-first health insurance products and includes services like low-cost prescription coverage and access to Cigna's extensive network of healthcare providers. The partnership has already surpassed 50,000 members in its first half of operations, with promises of innovative health plans designed for small businesses.

Cigna Corporation (NYSE: CI) reported robust second quarter 2022 results, achieving total revenues of $45.5 billion and a net income of $1.6 billion, or $4.90 per share. The adjusted income from operations increased to $2.0 billion, or $6.22 per share. Key highlights include a 3% growth in total customer relationships and a projected full-year adjusted revenue of at least $178 billion. The medical care ratio improved to 80.7%. Cigna's ongoing focus on innovation and customer service drives sustained growth across segments.

Cigna has announced that it will offer free transportation to community cooling centers for its Medicare Advantage customers during the summer. This service is aimed at assisting older adults who are more vulnerable to heat-related illnesses. Cigna's initiative is critical, as over 650 Americans die annually from such conditions, primarily those aged 65 and older. Customers can utilize their transportation benefits for rides to cooling locations, libraries, or senior centers. The company emphasizes the need for community support during heat emergencies, encouraging families to check on elderly loved ones.

The Board of Directors of Cigna declared a cash dividend of $1.12 per share for the third quarter of 2022. This dividend is payable on September 22, 2022, to shareholders on record by the close of business on September 7, 2022. This decision reflects Cigna's commitment to delivering value to its shareholders while maintaining financial strength.