Revenue Cycle and Payer News – March 6, 2024

Collaboration News

Highmark Health and Epic to improve payer-provider collaboration with insights from Google Cloud
Highmark Health announced its collaboration with Epic and Google Cloud to support coordination across payers and providers, and to identify insights that personalize the consumer experience and improve health outcomes.

Humana Announces Strategic Partnership with Veda to Improve Accuracy of Provider Directories
Health and well-being company Humana Inc. announced a strategic partnership with Veda, a health technology company specializing in helping healthcare companies solve complex provider data challenges. Humana will partner with Veda to improve the accuracy of its provider information and ensure that seniors have real-time details about in-network providers, making it easier for them to access high-quality healthcare.

Cigna Healthcare and HelloFresh Team Up To Expand Access to Affordable, Healthy Meal Choices
Cigna Healthcare, the health benefits division of The Cigna Group, and HelloFresh*, the world’s leading meal kit company, announce an exclusive collaboration to offer discounted access to HelloFresh’s wholesome, affordable meals to as many as 12 million Cigna Healthcare customers through their employers.  experiencing food insecurity in local communities.

Company News

Independence Blue Cross signs on to White House Healthcare AI Commitments
Independence Blue Cross (IBX) announced it has signed on to the White House Healthcare AI Commitments. IBX joins 36 forward-thinking insurers and health care provider peers to collaborate with the White House and determine how to leverage frontier AI models that drive change in health care.

Humana Releases Results from Innovative Health Literacy and Healthcare Discrimination Screenings Pilot
Humana Inc., a U.S. health insurer and healthcare services company, continues to make strides in advancing health equity by releasing the findings of its new pilot study published in the American Journal of Managed Careopens new window.

CVS Health reports fourth quarter and full-year 2023 results
CVS Health Corporation announced operating results for the three months and year ended December 31, 2023.

Blue Cross and Blue Shield® Federal Employee Program® Enhances Experience for Overseas Members
Members of the Blue Cross and Blue Shield (BCBS®) Federal Employee Program (FEP®) will now receive an enhanced member experience while living and working abroad. Effective January 1, 2024, the Overseas Assistance Center—which assists members with needs like overseas provider referrals, billing and emergency medical evacuations—will now be managed in collaboration with GeoBlue®.

UnitedHealth Group Board Authorizes Payment of Quarterly Dividend
The UnitedHealth Group board of directors has authorized payment of a cash dividend of $1.88 per share, to be paid on March 19, 2024, to all shareholders of record of UNH common stock as of the close of business March 11, 2024.

Making the Cut, Milestones, Accolades, Awards and More

Ethisphere names Cambia Health Solutions as one of the 2024 World’s Most Ethical Companies® for the seventh time
Cambia Health Solutions has received the 2024 World’s Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

To Read

Medicare Advantage: When Seniors Speak, Washington Listens by AHIP – A panel of leading health care voices and passionate advocates of Medicare Advantage (MA) invited members of Congress and their staff to participate in a powerful health coverage discussion.

Employer-Provided Health Plans Generate Major ROI for Companies, Employees by AHIP – More than half of all Americans – over 180 million hardworking individuals and their families – receive their health coverage through their jobs. Employer-provided coverage delivers affordable access to care, effective ways to improve health, and peace-of-mind. A study from Avalere Health found that employers with 100 or more workers saw a 47% return on investment (ROI) for offering health coverage in 2022.

10 Biggest Health Insurance Companies in the US by Market Cap – From coverage to accessibility, the biggest health insurance companies in the US play an indispensable role in shaping the health space. If you’re a business owner, entrepreneur, or aspiring market leader, understanding these industry giants is essential for making informed decisions that promote employee benefits and well-being.

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