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Cigna
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental organizations, unions and associations). Cigna is incorporated in Delaware. The company ranked #15 in the 2023 ''Fortune'' 500 list of the largest U.S. corporations by total revenue and in the 2023 Forbes Global 2000 ranking the company took 68th place. The company has been embroiled in controversies, including engaging in automatic denials of insurance claims without reviewing them. History Cigna was formed by the 1982 merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of Insurance Company of North America, the first stock insurance company i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HealthSpring
The Cigna Group is an American Multinational corporation, multinational for-profit Managed care, managed healthcare and insurance company based in Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental organizations, unions and associations). Cigna is incorporated in Delaware. The company ranked #15 in the 2023 Fortune 500, ''Fortune'' 500 list of the largest U.S. corporations by total revenue and in the 2023 Forbes Global 2000 ranking the company took 68th place. The company has been embroiled in controversies, including engaging in automatic denials of insurance claims without reviewing them. History Cigna was formed by the 1982 merger of the Connecticut General Life Insurance Company (CG) and INA Corporation (the parent corporation of Insurance Company of N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Express Scripts
Express Scripts Holding Company is a pharmacy benefit management (PBM) organization. In 2017 it was the 22nd-largest company in the United States by total revenue as well as the largest pharmacy benefit management (PBM) organization in the United States. Express Scripts had 2016 revenues of $100.752 billion. Since December 20, 2018, the company has been a direct subsidiary of Bloomfield, Connecticut-based Cigna. The term "Scripts" in the company title refers to the widely used clipped version of prescription. Headquartered in Greater St. Louis within unincorporated North St. Louis County, Missouri, Express Scripts provides integrated pharmacy benefit management services including network-pharmacy claims processing; home delivery pharmacy services; specialty pharmacy benefit management, through its subsidiary Accredo; benefit-design consultation; drug-utilization review; formulary management; and medical and drug data analysis services to manage drug plans for health plans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Cordani
David Cordani (born February 10, 1966) is an American business executive. He is currently serving as the president, CEO, and chairman of the board of the Cigna Group. Personal life and education David Cordani was born on February 10, 1966, and grew up in Connecticut. He completed his undergraduate studies at Texas A&M University and earned an MBA from the University of Hartford. He currently resides in Simsbury, Connecticut with his wife and two children. Career Cordani started working at Cigna in 1991. Cordani has served as President of Cigna since 2008, and he served as Chief Operating Officer of Cigna from 2008 to 2009, when he became CEO. In 2022, he was appointed as Chairman of the Board at Cigna. In 2011, Cordani received a total compensation of $19.09 million. According to an analysis by STAT using actual realized gains, in 2021 Cordani's total compensation from Cigna was over $91 million, more than any other insurance company executive. Political activity In 2021 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthem Inc
Elevance Health, Inc. is an American for-profit health insurance provider. Prior to June 2022, Elevance Health was named Anthem, Inc. The company's services include medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans through affiliated companies such as Anthem Blue Cross and Blue Shield, Anthem Blue Cross in California, Wellpoint, and Carelon. It is the largest for-profit managed health care company in the Blue Cross Blue Shield Association. As of 2022, the company had 46.8 million members within its affiliated companies' health plans. Based on its 2021 revenues, the company ranked 20th on the 2022 Fortune 500, ''Fortune'' 500. In 2023, the company’s seat in Forbes Global 2000 was 78. History Anthem In 1946, Anthem began in Indianapolis, Indiana, as Mutual Hospital Insurance Inc. and Mutual Medical Insurance Inc. The companies grew significantly, controlling 80% of the medical insurance market in Indiana by the 1970s. In 1972, The two f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EviCore
EviCore by Evernorth is a medical benefits management company owned by Cigna. It is based in Bluffton, South Carolina, United States. The company reviews prior authorizations for specialized medical procedures on behalf of insurers. It is the largest prior authorization company in the United States, working with over one hundred insurance companies and Medicaid programs. It also issues medical guidelines. As an outsourced medical review company, EviCore reviews claims for procedures, which it approves or denies based on the likelihood of approval as determined by an artificial intelligence algorithm. EviCore was formed by the 2014 merger of MedSolutions, Inc, and CareCore National. It was acquired in 2017 by Express Scripts and in 2018 by Cigna, which operates it through the subsidiary Evernorth. In the 2020s, it has used an artificial intelligence algorithm to review the likelihood of a claim being denied, which has been criticized as being motivated by profit. Medical organiza ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Company Of North America
Insurance Company of North America (INA) is the oldest capital stock insurance company in the United States, founded in Philadelphia in 1792. It was one of the largest American insurance companies of the 19th and 20th centuries before merging with Connecticut General Life Insurance Company Headquarters, Connecticut General Life to form CIGNA in 1982, and was acquired by global insurer ACE Limited, ACE Limited (currently Chubb Limited) in 1999. 1792–1794 In 1792, Boston merchant Samuel Blodget moved to Philadelphia. He did so in part to seek a commission from President of the United States, President George Washington as superintendent of construction for the new Washington, D.C., federal city then being built along the Potomac River (an amateur architect, Blodget would later design the First Bank of the United States building in Philadelphia), but also to collaborate on a business venture with former United States Postmaster General, U.S. Postmaster General Ebenezer Hazard, who o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomfield, Connecticut
Bloomfield is a suburb of Hartford in the Capitol Planning Region, Connecticut, United States. The town's population was 21,535 at the 2020 census, Bloomfield's highest decennial census count ever. Bloomfield is best known as the headquarters of healthcare services company Cigna. History Originally land of the Poquonock Native Americans, the area was first settled in 1660 as part of Windsor, organized as the Parish of Wintonbury in 1736. Wintonbury comes from three names from neighboring towns Windsor, Farmington, and Simsbury. It was finally incorporated as the town of Bloomfield by the Connecticut General Assembly on May 28, 1835. Initially, the town's local economy was agriculturally based, mostly in shade tobacco, remaining as such until it developed as a postwar suburb of Hartford starting in the 1950s. Today, Bloomfield's local character varies. While the town's southern and eastern fringes are more densely populated and developed, the northern and western sections maint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Connecticut General Life Insurance Company Headquarters
The Connecticut General Life Insurance Company Headquarters is a commercial office complex at 900 Cottage Grove Road in Bloomfield, Connecticut. It was listed on the National Register of Historic Places on January 27, 2010. Built between 1954 and 1957, it is an important early example of suburban commercial office architecture, and one of the state's best examples of the International style of architecture. It continues to serve as the corporate headquarters for Cigna, as the company is now known. Description and history The current Cigna headquarters complex occupies about (out of what was originally about ), on the south side of Cottage Grove Road in southwestern Bloomfield. Former elements of the campus include the Gillette Ridge Golf Club, developed in 2004. The main building, now called the Wilde Building, is a large three-story structure, with a steel frame and largely glass exterior. The building is about long, with six interior courtyards, laid out so that no interio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Envision Healthcare
Envision Healthcare is a United States healthcare company and national hospital-based physician group. History In December 2016, Envision and AMSURG merged, and shortly thereafter the company's stock replaced Legg Mason in the S&P 500 index. In 2017, the company's subsidiary EmCare, came under scrutiny due to healthcare consumers being shocked by high medical bills from Envision's out-of-network healthcare providers. In August 2017, Envision sold its ambulance unit, American Medical Response, for $2.4 billion to KKR, which it subsequently merged with a similar company it had already owned. In 2017, the company reported a net loss of $232.5 million on revenue of $7.8 billion. In June 2018, KKR announced that it was acquiring the rest of Envision for $9.9 billion, including the assumption or repayment of debt. In February 2020, Envision appointed Jim Rechtin as CEO. In April 2020, they were considering bankruptcy. In October 2020, it was announced that Cigna and Envisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managed Care
In the United States, managed care or managed healthcare is a group of activities intended to reduce the cost of providing health care and providing health insurance while improving the quality of that care. It has become the predominant system of delivering and receiving health care in the United States since its implementation in the early 1980s, and has been largely unaffected by the Affordable Care Act of 2010. ...intended to reduce unnecessary health care costs through a variety of mechanisms, including: economic incentives for physicians and patients to select less costly forms of care; programs for reviewing the medical necessity of specific services; increased beneficiary cost sharing; controls on inpatient admissions and lengths of stay; the establishment of cost-sharing incentives for outpatient surgery; selective contracting with health care providers; and the intensive management of high-cost health care cases. The programs may be provided in a variety of settings, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pharmacy Benefit Management
In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. PBMs operate inside of integrated healthcare systems (e.g., Kaiser Permanente or Veterans Health Administration), as part of retail pharmacies (e.g., CVS Pharmacy), and as part of insurance companies (e.g., UnitedHealth Group). The role of pharmacy benefit managers includes managing formularies, maintaining a pharmacy network, setting up rebate payments to pharmacies, processing prescription drug claims, providing mail order services, and managing drug use. PBMs play a role as the middlemen between pharmacies, drug manufacturers, wholesalers, and health insurance plan companies. As of 2023, PBMs managed pharmacy benefits for 275 million Americans and the three largest PBMs in the US, CVS Caremark, C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
