Cooperation news:

Walmart and UnitedHealth Group are collaborating to provide access to high-quality, affordable healthcare
Walmart Inc. and UnitedHealth Group (@UnitedHealthGrp) announced the beginning of an initial 10-year, wide-ranging collaboration, bringing together the collective experience of both companies in serving millions of people with high-quality, affordable healthcare services that improve health outcomes and enhance the patient experience.

Cigna + Oscar expands footprint to give Philadelphia small businesses access to cost-effective health plans
Cigna Corporation (@cigna), a global healthcare services company, and Oscar Health, Inc. (“Oscar”) (NYSE: OSCR), the first health insurance company built on a full-stack technology platform, announced that Cigna + Oscar2 small business health insurance will be available in the Philadelphia metro area, including Bucks, Chester, Delaware, Montgomery and Philadelphia counties beginning January 1, 2023, pending regulatory approval.

Company news:

CVS Health to acquire Signify Health
CVS Health (@cvshealth) and Signify Health (@signifyhealth) have entered into a final agreement under which CVS Health will acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion.

Cigna Medical Group to expand healthcare services to more people, changes name to Evernorth Care Group
Cigna Medical Group change your name to Evernorth Care Group as part of Cigna’s new Evernorth Health Services business (@evernorth). In addition, Evernorth Care Group will begin expanding access to its health care services to more people in the community by partnering with additional health plans.

Aetna CVS Health™ individual and family plans offer better care, access and value for consumers in 12 states
Aetna®, a CVS Health® company, enters the individual insurance exchange marketplace in 12 states with its co-branded insurance product Aetna CVS Health, providing affordable access to health care for more Americans.

AMA joins class action lawsuit against Cigna
The American Medical Association (@AmerMedicalAssn) recently released statement and joined a class-action lawsuit against Cigna for allegedly not paying medical claims in full after members submitted them through MultiPlan, the nation’s largest PPO network.

A Snapshot of Health Insurance Knowledge for 2022
Choice of benefits should be empowering. More, According to the health insurance knowledge snapshot commissioned by Justworks (@justworks) and conducted by the Harris Poll, this is often not the case. Many busy adults don’t understand their health insurance offerings as well as they think.

Independence Blue Cross is now accepting applications for the 2023 Clinical Care Innovation Grants
Blue Cross of Independence (@ibx) now accepts applications for its 2023 Clinical Care Innovation Grants. The grants, which were first awarded in 2021, aim to encourage innovative approaches to care delivery that can help improve health and well-being to the members of Independence and to the community at large. Health systems and large specialty groups that are in Independence’s network and have a value-based contract are encouraged to apply for the 2023 Clinical Care Innovation Grant.

Humana Finalizes Launch of CenterWell Home Health
Humana Inc. (@Humana) has announced completing its initiative to rebrand the home health division of Kindred at Home (KAH) as CenterWell Home Health Opens a New Window. With today’s announcement, CenterWell Home Health is now the official name for the division’s more than 350 home health locations serving 38 states.

Achieving a cut, milestones, commendations, rewards and more

Labor First is experiencing record growth with an impressive customer NPS score and company momentum
Labor First (@LaborFirst), a provider of Medicare retiree group management and member advocacy solutions, announced that the company has achieved an annual Net Promoter Score (NPS) of over 90, ranking significantly higher than the industry average for the healthcare category of 58, resulting in an impressive customer retention rate of 100%. The company also has a five-year compound annual growth rate of 34% year-over-year, with the company’s overall growth and momentum further underscoring Labor First’s commitment to meeting the new and changing needs of retirees, plan sponsors and advisors.

Product news:

UnitedHealthcare’s Surest offers a new approach to health insurance
UnitedHealthcare (@uhc) Most certainly offers a new approach to health benefits, which removes deductibles and provides clear upfront information about prices to people before treatment. Surest, originally introduced in 2016 as Bind, has had the fastest growth rate among UnitedHealthcare’s employer-sponsored plans.

I read:

Census Bureau Annual Report on US Health Insurance: 5 Things You Need to Know – The US Census Bureau has released updated statistics on the number of insured people in the United States and the types of health insurance they have. Becker’s offers five takeaways from the bureau’s Sept. 13 report, which covers projections for 2021.

Current Event:

AHIP Forum on User Experience and Digital Health (@ahipcoverage)
What: User Experience and Digital Health Forum
When: 12 – 14 September 2022 It’s happening today!
Where: Nashville, Tennessee
Twitter: #AHIPDigital

Revenue Cycle and Payer News – September 14, 2022

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