The Cigna Group (NYSE: CI) is leveraging its ubiquity to push care into the home.
“Unlike many of our competitors, we directly employ hundreds of field-based infusion nurses,” Cigna Chairman and CEO David Cordani said during the company’s second-quarter earnings call Thursday. “Today, they are located within 75 miles of approximately 90% of the U.S. population. And as they care for patients inside their homes, they provide better, more coordinated and personalized experiences, including addressing social determinants of health.”
Cigna is both an insurer and a health care services company.
Aside from seeing success with home-based clinical capabilities, Cigna is also seeing positive growth when it comes to its Medicare Advantage (MA) business. The company’s MA business grew 12% year over year.
“Our Medicare Advantage business is achieving above-market customer growth with high-quality affordable plans and targeted investments that we continue to make to further strengthen our network and offerings,” Cordani said.
Last year, the company rolled out a number of new benefits for its MA members. This included access to a companionship and support program. It also included a caregiver support program in certain markets.
“By leveraging the full capabilities of our enterprise, Cigna is able to offer Medicare Advantage customers a range of affordable, personalized plans,” Aparna Abburi, president of Medicare and CareAllies at Cigna, said in a press statement last year.
The company also made other moves in the home-based care space, specifically as a means to benefit its MA members. Last year, it partnered with Heal to offer home-based primary care services, including doctors visits, annual wellness visits, flu shots, specialist referrals, telehealth services, remote patient monitoring and more.
Total revenues for Q2 checked in at $48.6 billion, a 7% increase from the same period last year.
“We are pleased with our performance overall during the quarter and through the first half of the year,” Cordani said. “With focus on affordability and innovation, we are continuing to strengthen our competitive position and grow our businesses.”
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