Cigna Corporation Adds Iora Health to Growing Medicare Advantage Network (2024)

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Cigna

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CI

US1255231003

Managed Healthcare
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04:00:02 2024-04-19 pm EDT
5-day change 1st Jan Change
352.4 USD +1.04% Cigna Corporation Adds Iora Health to Growing Medicare Advantage Network (2) +0.73% +17.68%
Apr. 17 CVS, Cigna, Humana, UnitedHealth - Congress wants to clean up PBMs Cigna Corporation Adds Iora Health to Growing Medicare Advantage Network (3)
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January 06, 2021 at 07:30 am EST

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Cigna Corporation has added Iora Health to its rapidly expanding Medicare Advantage (MA) network. Cigna Medicare Advantage customers will have access to Iora's primary care practices under the Iora Primary Care brand across the country, effective immediately. The agreement applies to most Iora locations where Cigna offers a MA plan, including the greater Denver, Charlotte, Houston, Atlanta and Tucson areas, with a total of 27 practices in these locations. Iora specializes in primary care for older adults on Medicare, making it easier for MA patients to access health care, whether in the doctor's office or the comfort of their home. Since Iora's care is built on authentic relationships, it provides its patients with longer appointments, in-person or virtual. Every patient works with a provider and has access to a robust team including a health coach, nurse and behavioral health specialist to help optimize health and wellness. Cigna has been growing its MA network over the past year, adding more than 25,000 physicians across its service territory. Physician collaboration is an important part of the Cigna MA model, with more than 85 % of its customers cared for by doctors who are in a value-based arrangement. Cigna's value-based care agreement with Iora will continue to increase coordination and emphasize preventative care to drive improved health outcomes and greater patient satisfaction.

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Company Profile

The Cigna Group specializes in health services. The activity is organized mainly around 2 sectors:- development of health insurance programs;- development of healthcare management solutions.

Sector

Managed Healthcare

Calendar

2024-04-24 - Annual General Meeting

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ESG Refinitiv

B-

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Analysts' Consensus

Sell

Cigna Corporation Adds Iora Health to Growing Medicare Advantage Network (7)

Buy

Mean consensus

BUY

Number of Analysts

23

Last Close Price

352.4USD

Average target price

381.4USD

Spread / Average Target

+8.24%

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Cigna Corporation Adds Iora Health to Growing Medicare Advantage Network (2024)
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