The Cigna Group shook its management team in the midst of rising healthcare costs and pressure from the employer … [+]
The Cigna Group shook its management team in the midst of rising healthcare costs and pressure from employers’ customers to keep the line on expenditure.
The announcement Brian Evanko mentioned as president and chief operating officer at the Cigna Group, “with responsibility for all business lines that report to chairman and CEO David Cordani, with effect from 31 March.” Since January 2024, Evanko has led the health insurance activities of the company, Cigna Healthcare, as president and CEO of that important unity. He will now add all other companies, including Evernorth Health Services, including the Express Scripts -Pharmacy Benefit management of the company.
“These leadership changes create a sharpened structure to build on our strengths for continuous growth, to improve our customer focus and offer an even greater value for those we serve,” Cordani said. “The foundation of our continuous success is our exceptional talent. We have one of the most experienced leadership teams in the industry to ensure that we provide the bold obligations that we have established for ourselves, for growth and to promote our impact.”
In addition, Ann Dennison, who came to Cigna last year from Nasdaq, where she was financial director, was appointed executive vice -president and Chief Financial Officer, the Cigna Group, reporting to Cordani and a member of the company’s managerial team. “In this capacity, Dennison will have the responsibility for all financial activities and functions for companies,” the company said.
Also given additional tasks, Nicole Jones, Chief Administrative Officer and General Counsel, who is “supervising Enterprise Marketing,” the company said. “(She) will expand its responsibilities of responsibilities with Enterprise Marketing. This coordination brings marketing together with other functions that Jones already leads, including public affairs, federal and national government affairs, communication, legal and human resources functions. “
Leaving the company at the end of April is Eric Palmer, who has led the fast-growing Evernorth Health Services activities of Cigna for years. The title of Palmer was president and chief executive officer, Evernorth Health Services and Executive Vice President, Enterprise Strategy. “He has left a positive mark on the company and our ability to serve the various needs of millions of customers and patients,” Cordani said about Palmer.
CIGNA reported more than $ 3.4 billion In 2024 net income including $ 1.4 billion in the fourth quarter, while the health insurer worked to overcome rising medical costs in its employer plans.
Cigna, which sells a health insurance policy and operates one of the largest companies in the National Farmacy Benefit Management (PPE), has difficulty working as other health insurers to control the costs in the midst of patients looking for medical treatment.
Health insurers see an increase in claims submitted by patients whose managers have said they have said is partially powered by a pent-up demand for medical care that is postponed during the COVID-19 Pandemie. In the case of Cigna, the company said that the results of the fourth quarter “were influenced by Medical costs with a higher stop loss. “