Revenue Cycle and Payer News 1-22-2020

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Posted By: Annmarie Budniak January 22, 2020

Collaboration News:

Independence Blue Cross is first health insurer to offer new fitness benefit
Independence Blue Cross (@BCBSAssociation) and GlobalFit have teamed up to offer GlobalFit Anywhere. GlobalFit Anywhere connects Independence members to fitness studios, gyms, and trainers in the region at the best possible prices. As of January 1, 2020, Independence individual and small group members can access this affordable and flexible option. Independence employees with the company’s health insurance also have access to GlobalFit Anywhere.

Cigna and Oscar Announce Strategic Partnership to Offer Differentiated Health Solutions to Small Businesses in Select U.S. Markets
Cigna, a global health service company, and Oscar (@OscarHealth), a tech-driven health insurance company, announced an exclusive partnership to jointly provide commercial health solutions to small businesses.

To Read:

Oscar Health’s Tech-First Focus For Accelerating B2B Healthcare Payments
Health insurance companies can take weeks — or months — to reimburse physicians, leaving some so frustrated that they refuse to accept insurance plans at all. And that’s pressuring insurers to offer faster, more convenient digital disbursements. PYMNTS recently caught up with Brett Lotito, vice president of insurance operations for Oscar Health, to discuss how the tech-focused startup is using physician portals and automated claims review to get doctors paid electronically — within days.

Financial News:

Cigna Ventures Invests in Two Breakthrough Companies to Accelerate Digital Health Innovation and Connect Customers to Care Anywhere, Anytime 
Cigna Ventures (@cigna), a corporate venture capital partner and wholly owned indirect subsidiary of Cigna Corporation, announced it has invested in two breakthrough digital health companies, Buoy Health and RecoveryOne, to advance Cigna’s strategy to deliver affordable, predictable and simple care anytime, anywhere.

Anthem to Hold Conference Call and Webcast to Discuss Fourth Quarter Results on January 29, 2020
Anthem, Inc. (@AnthemInc) will release fourth quarter 2019 financial results on January 29, 2020, at 6:00 a.m. Eastern Time (“EST”). Management will review these results and its outlook during a conference call at 8:30 a.m. EST that same morning. The conference call should be accessed at least 15 minutes prior to its start with the following numbers:

UnitedHealth Group Reports 2019 Results
Diversified strength in performance continued across UnitedHealth Group (@UnitedHealthGrp) in the fourth quarter and full year 2019

Humana Inc. to Release Fourth Quarter 2019 Results on February 5, 2020
Humana Inc. (@humana) will release its financial results for the fourth quarter 2019 (4Q19) on Wednesday, February 5, 2020 at 6:30 a.m. eastern time. The company will host a conference call at 9:00 a.m. eastern time that morning to discuss its financial results for the quarter and earnings guidance for 2020.

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 February 3, 2020, to holders of record on January 23, 2020.

Making the Cut:

CareSource Earns One of the Top Spots for Quality According to 2019 Ohio Department of Medicaid (ODM) Managed Care Plans Report Card
CareSource (@caresource) announced they have earned one of the top spots in quality on the Ohio Department of Medicaid’s 2019 Managed Care Plans Report Card. The report card shares aggregated results of Managed Care Program sponsored member surveys for the 2019 period. CareSource was one of two plans to receive 18 stars across five different categories.

Cigna Named Among “Best Places to Work for LGBTQ Equality” for Eighth Year in a Row
Cigna’s commitment to a diverse and inclusive workplace was recognized once again by the Human Rights Campaign Foundation (HRC), which identified the company as one of the “Best Places to Work for Lesbian, Gay, Bisexual, Transgender and Queer (LGBTQ) Equality” for the eighth consecutive year. Cigna also earned a perfect 100 score on the HRC’s 2020 Corporate Equality Index (CEI).

Upcoming Events

HCAA’s Executive Forum 2020
When: February 24 – 26, 2020
Where: Wynn, Las Vegas
Twitter: @HCAAinfo
Hashtag: #HCAAExecForum

HCAA’s Executive Forum 2020 – HCAA’s Executive Forum is held every February. This annual conference for the self-funding industry, held in Las Vegas, offers a program covering strategic ideas focused toward third party and benefit administrator executive leadership. The conference, attended each year by over 400 industry leaders, provides critical points of view, often disruptive, which are meant to challenge and to provoke thought, while providing education for all attendees.