Cigna allocated $250 million to the initiative, called Cigna Ventures. The health insurer said it created the fund to identify and help develop early-stage ideas requiring pilots and tests.
Tom Richards, senior vice president and global lead of strategy and business development at Cigna, said, “The venture fund will enable us to drive innovation beyond our existing core business operations, and incubate new ideas, opportunities and relationships that have the potential for long-term business growth and to help our customers.”
More articles on payers:
UnitedHealthcare CEO sells $7M in stock
Montana health insurer wins lawsuit over cost-sharing reduction payments
4,600 Arkansas residents lose Medicaid coverage under work requirements
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
