Revenue Cycle and Payer News 3-18-2020

To Read:

UnitedHealth Group tells employees to go to work unless they are in a high-risk group, have covid-19 symptoms or meet other exceptions
The Washington Post reports that as a growing number of companies have adopted broad work-from-home policies amid the novel coronavirus outbreak, UnitedHealth Group is telling employees to go to work unless they are part of a high-risk group, experiencing any symptoms, or face certain other obstacles.

CareSource and the Foodbank, Inc. Partner to Ensure Dayton Seniors are Prepared for Potential Coronavirus Quarantines
CareSource (@caresource) and The Foodbank, Inc. are announcing a first-of-its-kind approach in preparing for the potential need to provide food for seniors who might be quarantined as a result of the coronavirus. CareSource has committed up to $128,000 in funding to allow The Foodbank, Inc. to prepare 1,200 supplemental food boxes to be distributed to seniors who live with an income below 200% of the poverty line. Each home will be provided with a 14-day supply of food, covering three nutritious meals per day for a total of 50,400 meals.

Financial News:

Anthem, Inc. Completes Acquisition of Beacon Health Options
Anthem, Inc. (@AnthemInc) announced the completion of its acquisition of Beacon Health Options (Beacon), the largest independently held behavioral health organization in the country serving more than 36 million people across all 50 states.

CVS Health Corporation announces quarterly dividend
CVS Health Corporation (@cvshealth) announced that its board of directors has approved a quarterly dividend of $0.50 (50 cents) per share on the corporation’s common stock. The dividend is payable on May 4, 2020, to holders of record on April 23, 2020.

CareFirst BlueCross BlueShield To Cover Insulin, Diabetic Supplies at No Cost-Share for Members
To advance its mission to provide affordable access to health coverage, CareFirst BlueCross BlueShield (@carefirst) announced it will offer insulin and diabetic supplies coverage to members at $0 out-of-pocket, prior to meeting a deductible in 2021.

Cigna Declares Annual Dividend
The board of directors of Cigna Corporation (@cigna) declared a cash dividend of $0.04 per share of Cigna common stock, payable on April 9, 2020 to shareholders of record as of the close of business on March 10, 2020.


Cigna Names Gina Conflitti as Chief Medical Officer for Medicare Advantage Business
Global health service company Cigna has named Dr. Gina Conflitti as Chief Medical Officer for the company’s rapidly expanding national Medicare Advantage (MA) business.

Product News:

Oscar Launches First Testing Center Locator for COVID-19
Oscar (@OscarHealth), a tech-driven health insurance company, launched the first testing center locator for COVID-19 in the U.S., featuring more than 100 centers today. It is accessible to the general public and more testing centers are being added every day.

UnitedHealthcare Helps Confront the Opioid Epidemic with New Oral Health Public Toolkit
UnitedHealthcare (@uhc) has expanded its efforts to help address the connection between dental care and the opioid epidemic, introducing a public toolkit with information to help support oral health care professionals and patients, especially after wisdom-teeth removal for teens and young adults.

CVS Health expands Point Solutions Management with new health and well-being benefits and comprehensive evaluation process
CVS Health added five new health and well-being point solution vendors to its Point Solutions Management service following a comprehensive clinical, security and business evaluation process. Point Solutions Management is a full-service offering that enables CVS Caremark pharmacy benefit management (PBM) clients to simplify contracting, secure lowest price and monitor ongoing performance of third-party health care point solutions, which can help maximize their benefits program while minimizing associated spend. Newly added point solutions address health care costs and support clinical outcomes in key areas, including chronic condition management, musculoskeletal health, stress reduction and mental health management, and caregiver support.

Humana Launches Innovative Value-Based Program to Address Social Determinants of Health
Leading health and well-being company Humana Inc. (@humana) announced the launch of a value-based care payment initiative designed to support clinicians in addressing nonmedical health risk factors affecting Humana members. The Social Determinants of Health Value-Based Program aims to improve health outcomes by encouraging a more holistic approach to patient care that goes beyond traditional clinical treatment.

Making the Cut

IEHP Celebrates 10 Years of Integrated Behavioral Health Services
Ten years ago this month, Inland Empire Health Plan (@IEHP_healthcare) took the opportunity to better integrate and enhance accessibility of Behavioral Health Services to Members, making IEHP the first health plan in the state to bring Behavioral Health Care in-house. Since the transition, IEHP’s Behavioral Health Team has dramatically evolved to better meet the needs of Members in innovative ways that focus on Whole Person Health Care.