The charge is a result of the insurer’s plan to reduce its real estate footprint to accommodate its shift to a permanent remote work environment, according to the filing.
The charge will be recorded outside of adjusted net income, according to the filing. The company is expecting a significant decrease in leased real estate expenses moving forward.
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.
