Revenue Cycle and Payer News 2-19-2020

TOPICS:

Posted By: Annmarie Budniak February 19, 2020

Collaboration News:

Blue Cross and Blue Shield Companies Join Forces with Civica Rx to Lower Costs of Select High-Cost Generic Medications
The Blue Cross Blue Shield Association (@BCBSAssociation), 18 independent and locally-operated Blue Cross and Blue Shield (BCBS) companies and Civica Rx (Civica, Inc.) announced their partnership to create a new subsidiary dedicated to lowering the cost of select generic drugs. The subsidiary is being formed in response to the impact of high drug costs on the health of Americans and the overall affordability of health care. Other health plans, employers, retail partners and health care innovators who share the belief that patients and their needs come first are invited to join the initiative.

Humana’s Partners in Primary Care and Welsh, Carson, Anderson & Stowe Form Joint Venture to Expand the Nation’s System of Value-Based Primary Care Centers Focused on Serving Medicare Patients
Humana Inc.’s (@humana) Partners in Primary Care and Welsh, Carson, Anderson & Stowe (WCAS) have entered into an innovative joint venture that will expand access to value-based primary care for Medicare patients. The joint venture will develop and operate senior-focused, payor-agnostic, primary care centers, which will be managed by Humana’s wholly-owned, primary care subsidiary, Partners in Primary Care, and operated under the Partners in Primary Care brand.

Catalyst Health Network and UnitedHealthcare’s Accountable Care Relationship Improving Patient Care in North Texas
Catalyst Health Network (Catalyst) and UnitedHealthcare’s (@uhc) accountable care organization (ACO) has led to a significant increase in preventive screenings as well as a reduction in health care costs in North Texas since launching in 2015.

To Read:

U.S. appeals court upholds risk payments to health insurers
According to Reuters, A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to temporarily suspend payments.

Financial News:

CVS Health Reports Fourth Quarter and Full-Year 2019 Results, Reflecting Strong Execution Across the Enterprise
CVS Health Corporation (@cvshealth) announced operating results for the three months and year ended December 31, 2019.

Anthem Reports Fourth Quarter and Full Year 2019 Results Reflecting Solid Performance
Anthem, Inc. (@AnthemInc) reported fourth quarter and full year financial 2019 results that reflect double-digit top and bottom line growth and the successful launch of IngenioRx.

Cigna Delivers Strong 2019 Results, Expects Continued Attractive Revenue and Earnings Growth in 2020
Global health service company Cigna Corporation (@cigna) reported strong 2019 results driven by focused execution across its businesses.

Appointments:

CVS Health Announces Changes to Support Innovation and Growth
CVS Health (@cvshealth) announced a series of leadership assignments to support the company’s continued focus on innovation and strategic growth.

Cigna Announces Leadership Updates to Support Continued Growth in Health Services
Cigna announced the creation of two new leadership positions within its Health Services business.

Product News:

Medica Offers New Ways to Support Pregnant Women
A new suite of mobile apps will help Medica (@Medica4Me) support women from pregnancy to parenthood. Offered through Ovia Health, the apps offer personalized guidance, support and coaching to help women navigate pregnancy, postpartum and parental awareness. Medica also created a unique program that provides some pregnant members with a supply of prenatal vitamins. The technology and vitamins are available at no cost to eligible Medica members.

 

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.