Most Popular Stories
- Hospital finance impacted by hidden provisions of Senate health reform bill
- Most CT scans may be unnecessary
- NC Medicaid program $160M over budget
- Healthy Choices: Nine Healthcare Bloggers Worth a Click
- Uncompensated care, underpayments to hospitals continue to climb
- Early intervention for autism shown to be effective
Featured Jobs
-
Urgent Care Physician Job in Indiana
StaffPointe, LLC - Indianapolis, IN -
Dir Respiratory Therapy job for Southwest
StaffPointe, LLC - confidential, NV -
Physician Assistant Job for North Carolina
StaffPointe, LLC - near Raleigh, NC -
Nurse Practitioner or Physician Assistant-Oncology 522
AVA Search Group - Philadelphia, PA -
Director of Emergency Services Job in WA
StaffPointe, LLC - west central, WA
Events
- Harvard Business School 7th Healthcare Conference
January 30, 2010
Paid Research Reports
- Pricing and Reimbursement in Key Asia Pacific Markets
- Delivery Mechanisms for Large Molecule Drugs: Successes and failures of leading technologies and key drivers for market success
- The Cardiovascular Market Outlook to 2013: Competitive landscape, global market analysis and pipeline analysis
- Intellectual Property and Outsourcing in China: Minimizing risk whilst maximizing return on investment
- Health Care Equipment & Supplies: Global Industry Guide
- 2009 Trends to Watch: Healthcare Technology
FEATURES >> YouTube | Top acute-care hospitals | Women in Health IT | Top BlackBerry Apps | Commentary
TOPICS >> Stimulus | Health Reform | CMS News | Finance | EMRs | Mobile Healthcare | Hospital Leadership Blog
Free Newsletter
FierceHealthcare is the leading source of healthcare management news for healthcare industry executives. Join 50,000+ healthcare industry insiders who get FierceHealthcare via daily email. Sign up today!
Popular Topics
- Medicare
- health plans
- Centers for Medicare and Medicaid Services (CMS)
- Insurance
- Electronic Medical Records (EMRs)
- Food and Drug Administration (FDA)
- Department of Health and Human Services (HHS)
- Medicaid
- American Medical Association (AMA)
- healthcare system
- health reform
- prescription drugs
- pharmaceutical companies
Cigna Q2 profit shoots up 37 percent
While last quarter was pretty much a gloom and doom situation for health plans, this quarter is shaping up better for the industry. Yesterday, we noted that Aetna's second-quarter profits had grown a respectable 10 percent. Now the story is Cigna, whose Q2 '08 income climbed a more-impressive 37 percent over the same period last year. Its net income was $272 million for the second quarter, up from $198 million one year ago. Revenue, meanwhile, rose 11 percent to $4.86 billion from $4.38 billion.
Cigna's income growth came from several sources, including a 19 percent growth in medical membership over the first half of the year, and premium fees climbed 13 percent. Both were fueled partly by the company's April 1 acquisition of Great-West Healthcare. Part of the reason it's doing well financially is that it has less exposure to the commercial risk market than some of its competitors, as it offers fixed-fee products like disability and life insurance. In its health sector, the company offers not only medical coverage, but also behavioral, dental, disease management and pharmacy-related products and services.
To learn more about Cigna's results:
- read this Cigna press release
- read this Wall Street Journal piece (sub. req.)
Related Articles:
Aetna profits up on member, premium increases
Cigna rolls out Second Life community
Cigna first-quarter profits drop 80 percent
Express Scripts, Cigna agree to $27M 'drug switching' settlement
Related Stories
- SPOTLIGHT: Ex-CIGNA exec rips health plans
- Study ranks Aetna, Cigna and Humana as fastest payers
- Trend: More medical practices require same-day deductible payment
- Express Scripts, Cigna agree to $27M "drug switching" settlement
- Trend: Medical home funding sources grow
- CA insurers spent less than 85 percent of revenue on care
- CIGNA launches site offering doctor, hospital rankings
- Kaiser net income drops 64 percent
- UnitedHealth's Ingenix faces mounting legal troubles
- Cigna first-quarter profits drop 80 percent
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2009 FierceMarkets, Inc. All rights reserved. |
![]() |





