The Cigna Group - Company Research Report
Company Overview
Name: The Cigna Group
Mission: To improve the health and vitality of those we serve.
Founded: No information is available.
Founders: No information is available.
Headquarters: 900 Cottage Grove Road, Bloomfield, CT 06002, U.S.A.
Number of Employees: 70,000+ employees
Revenue: $180.5 billion (as of December 31, 2022)
Known For: The Cigna Group is a global health company known for its commitment to improving health and vitality through its two divisions, Cigna HealthcareSM and Evernorth Health Services®, offering a range of health and pharmacy benefits, coordinated care, and health services.
Key People
- David Cordani: Chairman and Chief Executive Officer
Other key leaders are mentioned but not named individually.
Products
Cigna Healthcare
Medical Services
- Comprehensive medical care and coordinated health solutions.
Pharmacy
- Delivering smarter cost management solutions and pharmacy benefits.
Behavioral Health and Wellness
- Including one of the largest behavioral health plans.
Vision and Dental
- Offering routine and specialized vision and dental services.
Supplemental Health Solutions
- Products that supplement primary health insurance plans.
Medicare and Individual Plans
- Offering Medicare Advantage Plans, Medicare Part D Prescription Drug Plans, and Individual and Family Plans.
Evernorth Health Services
Home Delivery Pharmacy Services
- Express Scripts Pharmacy: Provides prescription deliveries with high accuracy.
Specialty Pharmacy Services
- Accredo: Offers medications for complex conditions with a combination of digital tools and clinical services.
Specialty Pharmaceutical Distribution Services
- Coordinates with clinical settings to provide specialty drugs.
Consumer Discount Solutions
- Provides affordable access to medication, especially for the uninsured.
Benefits Management
- Tools and solutions for managing specialty drug bills, maximizing savings, and reducing care gaps.
Behavioral Health
- Treating conditions such as depression, anxiety, substance use, autism, and eating disorders.
Care Delivery and Enablement
- MDLIVE virtual care platform for primary care and chronic conditions management.
Recent Developments
New Products and Features
- Biosimilars Addition: Cigna Pharmacy will add biosimilars as preferred products on its commercial formularies at the same position as Humira starting next year.
- Dental Oral Health Integration Program: Added to the Pregnancy Support Pilot in its third year, promoting healthy birth outcomes and maternal care.
- MDLIVE Virtual Primary Care: Enhanced to support patients with chronic conditions.
New Partnerships and Strategic Initiatives
- Biosimilars Initiative: Expected to improve the affordability of specialty medications by adding biosimilars which treat inflammatory conditions.
- Cigna Pathwell: A concierge service that creates a personalized end-to-end health journey for patients with complex conditions.
Company Impact and Initiatives
- Health Equity Action Awards: Programs to bring health equity in underserved communities.
- Community Health Worker Pilot: Launched in Houston and Memphis to address social determinants like food insecurity and transportation.
- Commitment to AI Innovation: Ethical AI practices ensuring AI solutions are fair, compliant, safe, and human-centered.
Philanthropic and ESG Initiatives
- ESG Report: The annual report highlights accomplishments in environmental, social, and governance aspects.
- Community Support: The Cigna Group Foundation’s support of nonprofit organizations, and enhanced employee giving programs including matching gifts and volunteering initiatives.
By adhering to its mission, leveraging a substantial workforce, and focusing on innovation, partnerships, and strategic enhancements in product offerings, The Cigna Group aims to lead the global health industry in creating healthier outcomes for its customers and communities.
