Cigna, the healthcare payer based in Connecticut, has been in the news lately for a variety of reasons. From denying large batches of claims to reintroducing paperwork demands, here are seven updates about the company. These updates shed light on the company’s various issues and developments, including its push for employees to return to the office, allegations of unethical practices, and compensation of its CEO. As one of the largest healthcare payers in the United States, Cigna’s actions and policies have significant implications for millions of people.
Cigna, the Bloomfield, Connecticut-based healthcare payer, has been making headlines recently for a variety of reasons. From denying large batches of claims to reintroducing paperwork demands, here are seven updates about the company that has been covered by Becker’s Hospital Review since March 30th.
- Cigna physicians deny large batches of claims without reviewing them first According to a ProPublica report, Cigna physicians have been denying large batches of claims without reviewing them first. This process may save the company millions of dollars every year when members don’t appeal. However, this practice has come under scrutiny as it has been found to be unethical and against the company’s own policies.
- Norton Healthcare may go out of network with Cigna Louisville, Kentucky-based Norton Healthcare could go out of network with Cigna if the two sides are unable to reach a new contract by May 15th. The two sides have been working to reach a new contract since last year.
- Cigna is pushing for more employees to return to the office In an email to employees, Cigna CEO David Cordani said the company’s ultimate goal is to bring the number of employees working in-office close to pre-pandemic levels. This move comes as many companies are reconsidering remote work options for their employees.
- California Medical Association pushes back on Cigna’s paperwork demands Cigna has reintroduced a paperwork demand that the California Medical Association is pushing back on. The organization argues that the requirement “will result in significant, unnecessary administrative burdens and compliance costs.”
- Jamie Jones named General Manager of Cigna’s group employer business in New York/New Jersey Cigna has named Jamie Jones as the General Manager of its group employer business in New York/New Jersey. Jones will be responsible for leading the company’s sales and service efforts in the region.
- Cigna CEO David Cordani’s compensation in 2022 According to a recent report, Cigna CEO David Cordani was paid $21 million in total compensation in 2022. This figure includes a base salary of $1.5 million, a cash bonus of $5.5 million, and stock awards worth $14 million.
- Cigna-HealthSpring overpaid $6.24 million in Medicare Advantage payments Cigna-HealthSpring Life & Health Insurance Company received an estimated $6.24 million in Medicare Advantage overpayments in 2016 and 2017, according to an HHS Office of Inspector General audit. The audit found that the company did not have adequate procedures in place to identify and return overpayments.
These updates provide a glimpse into the various issues and developments that have been occurring within the Cigna Group recently. From employee return-to-work policies to allegations of unethical practices, the company’s actions and decisions have been under intense scrutiny. As one of the largest healthcare payers in the United States, Cigna’s actions and policies have significant implications for millions of people.