AETNA INC NEW (AET)
US00817Y1082
CVS cuts 2024 profit forecast as insurance unit faces soaring medical costs
(Reuters) -CVS Health Corp slashed its annual profit forecast and missed Wall Street estimates for first-quarter earnings on Wednesday, as elevated demand for medical procedures fueled higher costs at its Aetna health insurance business. The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in procedures to persist. U.S. health insurers have had to contend with rising medical costs over the past few quarters following higher demand for procedures, especially among older adults, that were delayed during the pandemic.
SessionGuardian Establishes Strategic Advisory Board with Exceptional Industry Leaders
NEW YORK - April 24, 2024 - PRLog -- SessionGuardian, a leading provider of continuous identity assurance and data protection solutions, celebrates the addition of its newly appointed, exceptional advisors. The remarkable achievements and insights of these key industry leaders will enable SessionGuardian to propel its clients to new heights.Thomas J. Harrington's extensive experience in national security, counterterrorism, cyber, and intelligence operations, garnered during his tenure at the Federal Bureau of Investigation (FBI) and Citigroup, Inc., underscores his exceptional leadership and organizational transformation skills, which have also been recognized on two separate occasions with the receipt of two Presidential Rank Awards. Tom's visionary approach to global information security at Citi, marked by the establishment of Cyber Security Fusion Centers and crisis management initiatives, reflects his unwavering commitment to creating a resilient and adaptive cybersecurity ecosystem.Jim Routh's distinguished career as a Chief Trust Officer and advisor for prominent cybersecurity firms highlights his unparalleled expertise in digital and cyber security. With a wealth of experience gained from leadership roles at American Express, DTCC, KPMG, Aetna, CVS, and MassMutual, Jim brings invaluable insights to the boards of various organizations and is unequivocally a cybersecurity industry expert and thought leader. His commitment to mentoring and fostering over 70 cybersecurity leaders and potential leaders exemplifies his dedication to advancing the industry.Joseph Martinez's exemplary track record as a Supply Chain Management expert, demonstrated through his leadership roles at Bank of New York Mellon, Bank of America, American Express, and MUFG Bank, underscores his ability to drive operational excellence on a global scale. Joseph's dedication to supporting veterans, exemplified by his role as CEO of PrimusVets, reflects his commitment to serving both his industry and his community.Tim Byrd, recently appointed Executive Vice President and Chief Information Security Officer at M&T Bank, embodies the spirit of leadership and innovation in the cybersecurity realm. Recognized as an industry leader, Tim has spearheaded groundbreaking initiatives at renowned institutions such as PROG Holdings, TIAA, Wells Fargo, and Bank of America. His commitment to advancing cybersecurity education, evidenced by his involvement with the NYU Cyber Fellows Advisory Council, reflects his passion for nurturing the next generation of industry experts.Gary Heffernan, a visionary leader in Digital Transformation within the TMT Industry, has played a pivotal role in shaping the digital landscape globally over his 30-year career. As the former partner at Accenture and founder of multiple successful ventures, Gary's strategic insights have driven transformative deals and propelled businesses to new heights, even as he embraces the future by founding his own AI platform. Beyond his professional endeavors, Gary's dedication to philanthropy, exemplified by his role as founder and trustee of Charity Street Child, underscores his commitment to making a positive impact on society.As SessionGuardian continues to pioneer identity assurance solutions, the collective expertise and leadership of individuals like Thomas J. Harrington, Jim Routh, Joseph Martinez, Tim Byrd, and Gary Heffernan drive the company's vision of empowering businesses with secure, seamless digital experiences.About SessionGuardianSessionGuardian is a leading provider of Continuous Identity Assurance and Data Protection solutions dedicated to safeguarding user identities and data access across various platforms. With a commitment to innovation and security, SessionGuardian empowers organizations to protect their workforce and data from any location, on any device, with advanced identity assurance and data protection.Source: SessionGuardianRead Full Story - SessionGuardian Establishes Strategic Advisory Board with Exceptional Industry Leaders | More news from this sourcePress release distribution by PRLog
Aetna’s big win: What to know as the State Health Plan transition draws near
Aetna awards health grants across Georgia
Bridges Health Partners files suit against Aetna over contract
How Aetna collaborates with providers to improve health care for North Carolinians
Boomer Benefits® Facebook Group Reaches 75,000 Member Milestone
Insurers to Cover Novo’s Wegovy for Some Medicare Heart Patients
Major health insurers will now cover Novo Nordisk A/S’s blockbuster weight-loss drug Wegovy for certain Medicare beneficiaries with heart-related conditions.
UnitedHealth says online platform fully functional after Change Healthcare hack
UnitedHealth said on Thursday that electronic payment functionality for its payments platform will be available for connection on March 15, adding that it expects to begin testing and reestablish connectivity to its medical claims network and software on March 18. The cyberattack on Feb. 21 at Change Healthcare was perpetrated by hackers who identified themselves as the "Blackcat" ransomware group, having a knock-on effect on players across the U.S. healthcare system, as disruptions triggered by the attack have impacted electronic pharmacy refills and insurance transactions.
UPDATE 1-UnitedHealth says online platform fully functional after Change Healthcare hack
UnitedHealth Group said the electronic prescribing for its pharmacy services is now fully functional, with claims submission and payment transmission also available after cyber attack on its tech unit Change Healthcare impacted services. UnitedHealth said on Thursday that electronic payment functionality for its payments platform will be available for connection on March 15, adding that it expects to begin testing and reestablish connectivity to its medical claims network and software on March 18. The cyberattack on Feb. 21 at Change Healthcare was perpetrated by hackers who identified themselves as the "Blackcat" ransomware group, having a knock-on effect on players across the U.S. healthcare system, as disruptions triggered by the attack have impacted electronic pharmacy refills and insurance transactions.
UnitedHealth hack clouds outlook for insurers' medical costs
The hack at UnitedHealth's tech unit has led to uncertainty around when high medical costs for health insurers will subside as the cyberattack leads to prolonged delays processing insurance claims, Wall Street analysts said. While UnitedHealth said most of its pharmacy services operations, which were also taken down in the Feb. 21 attack, are expected to come back online as early as Thursday, the company has said its medical claims network will take longer to be restored. United's Change Healthcare unit is a vital lynchpin in the complex U.S. system for making and clearing insurance claims, connecting providers to not just UnitedHealth but also to CVS Health's Aetna, Elevance, Humana, and others.
NJ Behavioral Health Treatment Center: Carelon Health Coverage Announced
Healthy Returns: Higher medical costs are pinching insurers
CVS, Humana and other insurers are getting dogged by higher medical costs. Meanwhile, 23andMe has a tough road ahead.
CVS chief medical officer: 'We are not looking to build the entire healthcare delivery ecosystem'
CVS is bullish on its health services outlook, even as the broader industry faces pressure.
CEO Bertolini: 2024 is the year Oscar will be profitable
Health insurer Oscar Health says it's going to be profitable in 2024.
Walgreens stock gain as ex-CVS exec. to lead healthcare unit
Walgreens Boots Alliance (WBA) announced the appointment of Mary Langowski, a former executive of CVS Health (CVS), as head of its U.S. healthcare unit. Read more here.
CVS cuts 2024 outlook amid a spike in medical costs (NYSE:CVS)
CVS Health (CVS) posted better-than-expected Q4 2023 financials but lowered its 2024 outlook due to rising medical costs. Read more here.
CVS beats estimates, but cuts full-year profit outlook on higher medical costs
The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous guidance of at least $8.50 per share.
US proposes reimbursement rate for Medicare Advantage 2025 payments
The U.S. government on Wednesday proposed a 2025 reimbursement rate for Medicare Advantage plans run by private insurers that reflects an effective growth rate of 2.44% and a total increase of 3.7%. The closely watched proposal, known as the "advance notice", will be used by companies such as UnitedHealth Group and Humana to bid this year for contracts for Medicare Advantage plans they will sell in 2025. The government payment rates affect how much insurers charge for monthly premiums, which plan benefits they offer and ultimately, how much they can profit.
Cornerstone Academy buys former Aetna office building for new high school in New Albany
Level Up Insurance Partners with Industry Giants Aetna, Americo, and AIG to Enhance Client Service
Doral, Florida--(Newsfile Corp. - January 17, 2024) - The founder and CEO of Level Up Insurance, Joseph Gonzalez, has announced...
UnitedHealth Q4 2023 in focus amid rising costs (NYSE:UNH)
UnitedHealth (UNH) is set to release its Q4 2023 results, amid concerns over increasing medical costs for those with government-backed insurance. Read more here.
AmeriHealth Caritas taps former Aetna executive as its new CEO
New Jersey Licensed Alcoholism Therapy Center: Aetna Insurance Coverage Updated
Explainer-Why prior mega health insurer deals like the possible Cigna/Humana merger failed
U.S. health insurers Cigna and Humana are in talks to merge, a potential deal likely to face aggressive scrutiny from the U.S. Justice Department (DOJ) if antitrust history with similarly sized deals is any indication. The DOJ in 2017 successfully stopped Anthem, now Elevance Health, from buying Cigna for $54 billion, and thwarted Aetna's plan to purchase rival Humana for $34 billion.
Experts see Cigna, Humana pulling off merger, despite antitrust concerns (CI)
Health plan mergers have had a checkered history in recent years amid heightened antitrust scrutiny, but that doesn’t mean the Cigna (CI) and Humana (HUM) can’t pull one off.
Cigna, Humana in talks to combine in stock-and-cash deal - WSJ (NYSE:CI)
Cigna and Humana are reportedly in talks for a stock-and-cash deal to merge, potentially forming a major combination in the health insurance industry.
Cigna, Humana in talks to combine in stock-and-cash deal - WSJ
Cigna and Humana are reportedly in talks for a stock-and-cash deal to merge, potentially forming a major combination in the health insurance industry.
Retirement Insurance Market Rewriting Long Term Growth Story : UnitedHealth, Zurich Insurance, Humana
Stay up-to-date with Retirement insurance Market research offered by AMA Research. Check how key trends and emerging drivers are shaping this industry growth.
Supplemental Health Insurance Market Is Going to Boom : Aetna, State Farm, Transamerica
Stay up-to-date with Supplemental Health Insurance Market research offered by AMA Research. Check how key trends and emerging drivers are shaping this industry growth.
BofA ups Oscar Health to buy; expects positive Q3 report, guidance (NYSE:OSCR)
BofA has upgraded Oscar Health (OSCR) to buy, stating it expects the company to report strong Q3 results and issue positive 2024 guidance. Read more here.
CVS Health expected to report lower Q3 earnings on higher revenue (CVS)
CVS Health (CVS) is expected to report lower Q3 adjusted earnings on higher revenue early Wednesday. Read more here.
Dental Insurance Services Market Boosting the Growth Worldwide 2030
Get a view on Dental Insurance Services Market sales by marketing channels. Target important market by region and tap important dynamics of this industry.
CVS Health says 87% of MA members in 4+ Star rated plans for 2024 (CVS)
CVS Health confirmed that 87% of Aetna Medicare Advantage members are enrolled in plans rated four Stars or higher in 2024, making it eligible for potential bonus payments.
CVS' Aetna boasts of MA members in highly ranked prescription drug plans
Aetna, the health insurance unit of CVS Health, says that 87% of its Medicare Advantage members have highly rated prescription drug plans by CMS. Read more here.
Medicare Insurance Market to See Huge Growth : Cigna, Aetna, Walmart
Stay up-to-date with Medicare Insurance Market research offered by AMA Research. Check how key trends and emerging drivers are shaping this industry growth.