Rumors suggesting that Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) are in talks to combine are swirling. Nothing is official yet, but the combination of two of the largest insurers in the country would have significant ripple effects on the home health industry, for a variety of reasons. On Nov. 6, Reuters first […]
Insurance giant Cigna (NYSE: CI) has reached an agreement with the U.S. government over claims it overcharged the Medicare Advantage (MA) program by misrepresenting patients’ conditions. As part of the agreement, Cigna will pay more than $172 million to the government and will also enter into a corporate integrity agreement with the U.S. Department of […]
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. […]
With the annual enrollment period just around the corner, Medicare Advantage (MA) organizations are starting to tout what benefits they’re offering seniors for the upcoming year. MA is a form of Medicare that is administered by private insurers. Over recent years, plans have received more flexibility around what they can offer. That flexibility has allowed […]
Many of the in-home supplemental benefits offered by Medicare Advantage (MA) plans are new. But whether they are through the primarily health-related pathway, which began in 2019, or through Special Supplemental Benefits for the Chronically Ill (SSBCI), which came a year later, these benefits are still being experimented with. Generally, the plans offering these new […]
From national plans such as Humana and Cigna to smaller regional ones like SCAN Health Plan, a large number of Medicare Advantage (MA) plans are set to expand their home- and community-based supplemental benefit offerings in 2020. While details remain somewhat sparse, plans officially began announcing their 2020 offerings Monday, ahead of the upcoming annual […]
Seniors — specifically those who are Medicare Advantage (MA) beneficiaries — will be a driving force in Lyft’s (Nasdaq: LYFT) health care business in 2020 and beyond, according to vice president of health care Megan Callahan. “We expect to be working with the majority of the largest MA plans by 2020, as an increasing number […]
Amazon’s Alexa now boasts HIPAA-compliant skills, a development that could create new opportunities for home-based care companies and the senior clients they serve. Amazon (Nasdaq: AMZN) launched Alexa’s secure medical skill kit Thursday. Through the new kit, select entities are allowed to build Alexa skills that securely send and receive protected patient health information. So […]
Turnover is a concern for ResCare, as it is across the home care industry. But leaders at the large Louisville-based provider also believe that a more stable labor force is an achievable goal, and it is one they are pushing toward. With annual revenue of around $2 billion, ResCare provides in-home care to about 60,000 […]
In the midst of acquiring a stake in the largest home health provider in the nation, insurance giant Humana (NYSE: HUM) might also be in early stage talks to itself be acquired by retail behemoth Walmart (NYSE: WMT). The combination of Humana and Walmart, though far from certain, would potentially be a game-changer for home […]
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