Payer

Cigna has received approval to open a branch in Saudi Arabia, International Adviser reported Feb. 7. 

Centene grew its revenue 15 percent over the past year but lost $213 million in the last three months of 2022. The payer also settled overbilling allegations in another state and divested Magellan Specialty Health. 

Centene expects to lose millions of members in the redeterminations process and is focused on shifting members no longer eligible for Medicaid coverage to its marketplace offerings, executives said on a Feb. 7 investor call transcribed by Motley Fool. 

Star ratings are the metrics CMS uses to rate the quality of Medicare Advantage and Part D plans. These numbers help beneficiaries compare plan quality and are how CMS determines quality payments. 

From the release of its fourth-quarter earnings to suing over an executive's departure to a competitor, here are 10 stories about Cigna that Becker's has reported since Jan. 17:  

Blue Shield of California is expanding its partnership with digital diabetes reversal program Virta Health. 

Centene posted a net loss of $213 million in the last three months of 2022 despite reporting 15 percent growth in total revenue year-over-year, according to its fourth quarter earnings published Feb. 7.

CVS Health made a $10.6 billion move to acqurie Oak Street Health, named new esecutives and scored big contracts in recent weeks. 

A data breach has affected 300,000 Highmark Inc. health plan members. 

Health Care Service Corp. — the Blue Cross Blue Shield licensee for five states — said an email error caused former beneficiaries to receive claims, The Hill reported Feb. 3.