From a new chief human resources officer to a tossed lawsuit from shareholders, here are seven recent stories about the Bloomfield, Conn.-based payer:
Cigna encouraging hybrid work at Connecticut headquarters
Cigna said April 15 that employees at its headquarters are no longer facing a mandatory number of days in the workplace, a concept the payer calls "Purposeful Presence." Employees are still encouraged to come to the office as needed.
Judge tosses Cigna lawsuit from shareholders
A Delaware judge dismissed a lawsuit from Cigna shareholders April 7 that claimed executives with the company fumbled a $1.85 billion termination fee following the failed $54 billion merger with Anthem in 2017. Though the judge tossed the lawsuit, he called CEO and Chair David Cordani's actions during the proposal period "inferrably problematic from a fiduciary perspective."
Cigna chief human resources officer retires; replacement named
John Murabito, Cigna's 19-year chief human resources officer and chief administrative officer, retired April 1. Mr. Murabito was replaced by Cynthia Ryan, senior vice president and human resources officer for Cigna's U.S. businesses, who has a 23-year tenure with the company. Ms. Ryan began her transition into the role Jan. 1, including taking over diversity, equity and inclusion efforts and charitable giving.
Cigna sued for alleged nonpayment of chiropractic service claims
A lawsuit filed March 25 claims that Cigna failed to reimburse claims for 18 medically necessary chiropractic and physical therapy treatments. The plaintiff is seeking full recovery of its claim for $18,975.77
Cigna names chief medical officer of Medicare division
Joseph Sobel, MD, was named the chief medical officer for Cigna's Medicare business March 8. Mr. Sobel will oversee medical policy, behavioral health solutions and innovation strategies to support Medicare customers.
Cigna venture arm invests in Flume Health
Cigna's venture business participated in a $30 million investment in Flume Health, a digital health plan administration platform. Optum also invested in the platform that prioritizes digital-first health plans.
Cigna stock buyback kicks off goal to generate $12B in value
Cigna's board approved the buying back of $6 billion in stocks at a February meeting in hopes of creating $12 billion in value this year. The payer has already repurchased $1.2 billion in shares and intends to buy back $7 billion total in 2022.