The second-quarter 2024 earnings season for healthcare stocks is in full swing now. Per early reports, rising patient volumes, revenue per patient days, utilization, premium rate hikes coupled with rising demand for affordable healthcare plans and technological enhancements have led to growth in healthcare stocks, which is part of the broader Zacks Medical sector (one of the 16 broad Zacks sectors within the Zacks Industry). While there were positives, increasing expenses due to increased utilization partly ...

This report provides insight into Cigna Group's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. The Cigna Group (Cigna) is a health service company that offers integrated health plans and services such as medical, dental, disability, life and accident insurance and related products and services. Its major services include commercial medical health plans, government health plans, and ...

BLOOMFIELD, Conn., July 9, 2024 /PRNewswire/ -- Global health company The Cigna Group (NYSE: CI) released its 2023 environmental, social, and governance (ESG) report, detailing the organization's ongoing efforts to strengthen communities and drive improvement to a more sustainable and equitable health care system. About The Cigna Group SOURCE The Cigna Group Report highlights progress in each of the four pillars underpinning The Cigna Group's ESG framework: Healthy Society, Healthy Workforce, Healthy Enviro ...

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Loading... Loading... Piper Sandler has initiated coverage on Cigna Corporation CI, a diversified managed care and healthcare delivery organization specializing in commercial insurance markets and pharmacy services. The analyst writes, "We believe Cigna has a unique and defensible leadership position in the fast-growing specialty pharmacy market which, together with the company's insurance segment and core PBM business, should support LT-adjusted EPS growth at a 10-14% CAGR." Related: Cigna Crushes Q1 Estim ...

Members with employer-sponsored insurance saw about a 1% decrease in out-of-pocket costs for their prescription medicines last year, paying an average of $15.10 for a 30-day supply Additionally, Express Scripts' innovative programs keep costs down for the millions of commercial customers it serves, including by: Kautzner said, "Across disease areas, Express Scripts holds drug manufacturers accountable for their prices and uses generic and biosimilar competition to help ensure patients who need these medicat ...

The Cigna Group (CI) continues to be aided by two solid growth platforms, acquisitions and a solid financial position. A solid 2024 guidance also acts as an additional tailwind for the stock. The stock has gained 24% in the past year compared with the industry's 8% growth. The Medical sector and the S&P 500 composite index have increased 4% and 23.2%, respectively, in the same time frame. CI is well-poised for progress, as evidenced by its impressive VGM Score of A. Here, V stands for Value, G for Growth an ...

The Cigna Group (NYSE:CI) Goldman Sachs 45th Annual Global Healthcare Conference June 11, 2024 10:00 AM ET Company Participants Brian Evanko - CFO Conference Call Participants Nathan Rich - Goldman Sachs Nathan Rich Great. Good morning, everyone. Thanks for joining us for our next session. My name is Nathan Rich, I cover the managed care space here at Goldman. Very happy to have the Cigna Group with us today. We have Brian Evanko, CFO and now also President of Cigna Healthcare, so title continues to grow. I ...

Key Points CI The Cigna Group provides health, dental, vision, accident, pharmacy benefits management, life, homeowners and renters insurance. The Cigna Group saw the writing on the wall with Medicare Advantage (MA) expenses and unloaded its Medicare business for $3.7 billion to Health Care Services Co. While Humana cut its adjusted EPS guidance from $36.00 to a range of $6.00 to $10.00, Cigna beat Q1 2024 EPS by 25 cents and revenues by $660 million and then raised its full-year 2024 EPS guidance. 5 stocks ...

Image Source: Zacks Investment Research The Cigna Group's (CI) pharmacy benefits manager, Express Scripts, recently partnered with CPESN USA to enhance access to comprehensive care at independent pharmacies. CPESN USA is a network of pharmacy providers that will help CI in reducing the gaps in care delivery. This move follows guidance from CI's Independent Pharmacy Advisory Committee. This move is aimed at providing enhanced care services for Medicare members suffering from diabetes and hypertension. One ou ...