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Search resuls for: "Aetna"


24 mentions found


☆ The former CEO of Aetna shares how he plans to turn around the struggling health insurer Oscar
  + stars: | 2023-03-30 | by ( ) www.businessinsider.com   time to read: +6 min
Oscar Health struggled to upend the entrenched health insurance industry. Oscar Health has been trying and struggling to upend the US health-insurance industry and the entrenched giants that dominate it for the past 10 years. Oscar Health incoming CEO Mark Bertolini Bridgewater AssociatesLast year, Oscar lost a $60 million contract with its first client, Health First Health Plans. Bertolini wants Oscar to disrupt health-insurance giantsMario Schlosser, founding CEO of Oscar Health Eduardo Munoz/ReutersDespite losing the Health First deal, Bertolini is betting that Oscar will disrupt the insurance industry through partnerships. Oscar has developed health plans with health systems in the past.
☆ Former Aetna CEO to Take Helm of Health Insurer Oscar
  + stars: | 2023-03-28 | by ( Anna Wilde Mathews | ) www.wsj.com   time to read: 1 min
Mark Bertolini said he would initially focus on ensuring Oscar meets its goal of having profitable insurance business this year. Mark Bertolini , former chief executive of health insurance giant Aetna Inc. and hedge fund Bridgewater Associates, will take the helm of Oscar Health Inc. as it seeks to turn a profit and carve out a role as a technology supplier in the healthcare industry. Mr. Bertolini, 66 years old, will take the post effective next Monday, the company said. He will succeed Mario Schlosser , 44, who co-founded Oscar in 2012 with Joshua Kushner and will take the new title of president of technology, reporting to Mr. Bertolini.
☆ Candida auris fungus spreading in U.S. hospitals - CDC
  + stars: | 2023-03-21 | by ( ) www.reuters.com   time to read: +2 min
FollowMarch 21 (Reuters) - Potentially deadly fungal infections with Candida auris are spreading rapidly in U.S. healthcare facilities, with cases nearly doubling between 2020 and 2021, the Centers for Disease Control and Prevention said. A high fever with chills that does not get better after taking antibiotics may be a sign of Candida auris infection. The CDC noted that spread of the infections in 2021 may have been exacerbated as the healthcare system was hit by pandemic-related stressors, such as staff and equipment shortages. Other countries have also reported increased spread of the fungus, the researchers said. Reporting by Leroy Leo in Bengaluru; editing by Caroline Humer, Nancy Lapid and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
☆ CVS wants to be the doctor for people on Medicare
  + stars: | 2023-02-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —CVS is buying a primary care doctor’s network, moving the pharmacy deeper into providing physician services for patients. Medicare Advantage, also known as Medicare Part C, is a type of Medicare health plan offered by a private company that contracts with Medicare. In 2018, CVS bought Aetna, making it one of the largest health insurers in the country. “In the last three years, health insurers have become increasingly interested in purchasing primary care practices and employing physicians,” Nicholson said. Additionally, private Medicare plans typically offer higher reimbursement rates from the federal government than traditional Medicare, and CVS wants to capitalize on this, he said.
☆ The arms race for doctors is on. CVS is hoping a $10.6 billion deal will help it compete with Amazon and UnitedHealthcare.
  + stars: | 2023-02-08 | by ( ) www.businessinsider.com   time to read: +5 min
CVS Health just said it wants to buy primary-care company Oak Street Health for $10.6 billion. CVS Health is finally entering the arms race among health insurers and big retailers to employ doctors. Oak Street gets most of its revenue from relationships with CVS-owned Aetna rivals Humana, Centene, and UnitedHealthcare. And though Aetna is a big Medicare Advantage player, it also has millions of members who get insurance through their employers. Mike Pykosz, Oak Street Health CEO Oak Street HealthGuertin also noted that the improved health outcomes and better experience provided in Oak Street clinics would help Aetna hold onto its Medicare Advantage patients.
☆ CVS Health beats quarterly profit estimates on lower medical costs
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: 1 min
Companies CVS Health Corp FollowFeb 8 (Reuters) - CVS Health (CVS.N) beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business. The company posted an adjusted profit of $1.99 per share, above estimates of $1.92 per share, according to Refinitiv IBES data. CVS reaffirmed its full-year adjusted profit forecast of between $8.70 and $8.90 per share. Reporting by Raghav Mahobe and Bhanvi Satija in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
☆ CVS digs into primary care with $9.5 bln Oak Street Health deal
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: +2 min
Feb 8 (Reuters) - CVS Health Corp (CVS.N) said on Wednesday it would buy Oak Street Health Inc (OSH.N) for about $9.5 billion in cash, expanding its healthcare services by adding hundreds of primary care clinics mostly for older people. Shares of the primary care firm rose 5% before the bell. The Oak Street deal echoes similar moves by rivals into primary care. Walgreens Boots Alliance (WBA.O) and Cigna (CI.N) have made investments in primary care provider VillageMD, and Amazon (AMZN.O) announced a $3.49 billion deal last year to buy One Medical (ONEM.O) to expand into the space. UnitedHealth Group Inc (UNH.N) also runs urgent care, primary care and surgical care centers.
☆ CVS just struck a $10.6 billion deal with Oak Street Health to become a one-stop shop for healthcare
  + stars: | 2023-02-08 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
CVS Health is buying Oak Street Health for $10.6 billion, its biggest move into primary care yet. But the Oak Street deal will add full-service medical clinics to what CVS offers. Competition is heating up among major healthcare companies to be the first place you go when you need medical care. Oak Street Health CEO Mike Pykosz Oak Street HealthCVS will pay a premium for Oak Street compared to the clinic operator's IPO price. In Wednesday's all-cash deal, CVS valued Oak Street at $39 a share.
☆ CVS pays exorbitant $10 bln price to diversify
  + stars: | 2023-02-08 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
NEW YORK, Feb 8 (Reuters Breakingviews) - CVS Health (CVS.N) keeps marching ahead with its plan to create an American healthcare colossus. Its latest acquisition involves paying $10.6 billion, including debt, to buy Oak Street Health (OSH.N). CVS is buying home-healthcare assessment provider Signify Health (SGFY.N) for $8 billion, and now Oak Street, to beef up its capabilities. CVS is valuing each Oak Street healthcare provider at more than $17 million, and each patient at about $67,000. In September, CVS agreed to buy Signify Health, a home healthcare provider mostly for Medicare patients, for $8 billion.
☆ The largest hedge fund in the world just named a 37-year-old woman as a co-CIO. Meet the top 11 execs leading Bridgewater into its new era.
  + stars: | 2023-02-02 | by ( Alyson Velati | Michelle Abrego | ) www.businessinsider.com   time to read: +12 min
Karen Karniol-Tambour will join co-CIOs Greg Jensen and Bob Prince to oversee the hedge fund's investment strategy. Despite a breakout year for many multi-strategy and macro hedge funds, Bridgewater lagged behind its peers. Nir Bar Dea, co-CEOBar Dea. Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Since joining Bridgewater in 1986, he has been a partner in building the hedge fund's investment process and products.
☆ Top Wall Street analysts pick these stocks to climb 2023’s wall of worry
  + stars: | 2023-01-22 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +7 min
To help with the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performances. Nonetheless, Monness Crespi Hardt analyst Brian White expects the results to be in line with, or marginally above, Street expectations. Looking ahead, White sees pent-up demand for iPhones come into play in the forthcoming quarters, once Apple overcomes the production snags. (See Spotify Stock Chart on TipRanks) White is particularly upbeat about the waning mobile app store monopolies, after the European Union passed the Digital Markets Act last year. The analyst is also placed 431st among more than 8,000 analysts on TipRanks.
☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
  + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com   time to read: +13 min
Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.
☆ CVS's acquisition of Aetna will be a tailwind for earnings, says DCLA's Sarat Sethi
  + stars: | 2023-01-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCVS's acquisition of Aetna will be a tailwind for earnings, says DCLA's Sarat SethiSarat Sethi, Douglas C. Lane Associates managing partner, joins 'Power Lunch' to discuss finding opportunities in today's market.
☆ Insider trading convictions over healthcare leaks are voided by U.S. appeals court
  + stars: | 2022-12-27 | by ( Jody Godoy Jonathan Stempel | Jody Godoy | Jonathan Stempel | ) www.reuters.com   time to read: +2 min
FollowNEW YORK, Dec 27 (Reuters) - A divided federal appeals court on Tuesday threw out the insider trading convictions of four defendants, including two former hedge fund partners, over leaks from a U.S. healthcare agency about planned changes to Medicare reimbursement rates. The court agreed with prosecutors that the May 2018 convictions could not stand after a 2020 Supreme Court ruling that clarified when alleged misuse of property triggered federal fraud laws. They said Blaszczak passed the information to Huber and Olan, who used it to make $7 million by trading healthcare stocks. The appeals court upheld the defendants' convictions in 2019, but the Supreme Court ordered a reconsideration after ruling in the so-called "Bridgegate" case. The court said the alleged scheme did not aim to obtain "property" within the meaning of the underlying fraud statute.
☆ CVS Has Little Time to Waste as Amazon, Walgreens Ink Doctor Deals
  + stars: | 2022-11-10 | by ( David Wainer | ) www.wsj.com   time to read: 1 min
Most Americans still think of Walgreens and CVS as a place to pick up a prescription and maybe some Hallmark cards. Both companies want to become their medical providers, too. That explains why earlier this week a unit of Walgreens Boots Alliance pushed deeper into medical practices, just two months after CVS Health Corp. agreed to buy home-healthcare company Signify Health for $8 billion. For CVS, which already owns a pharmacy-benefits manager and insurance giant Aetna, now isn’t the time to take its foot off the accelerator, despite pressure to focus on buying back shares.
☆ 15 companies that will let you work from home and are hiring now—some roles pay over $100K
  + stars: | 2022-11-08 | by ( Morgan Smith | ) www.cnbc.com   time to read: +3 min
Remote jobs fell to 14% of all active listings on LinkedIn in September, down from a peak of 20% in February, according to a new report from the platform. To help people find the best remote opportunities, FlexJobs, a membership service for jobseekers, identified the 15 companies with the most remote job openings, including full-time and part-time opportunities, this fall. In spite of fewer remote job openings, Jennifer Shapely, LinkedIn's vice president of global talent acquisition, expects flexibility to remain a top priority for workers. Frana also stresses the importance of networking, which can also help you stand out in a tight job market. As in the traditional job market, "referrals tend to get much more traction than a cold application" for remote jobs, Frana adds.
☆ 6 health insurance terms you need to know as open enrollment begins
  + stars: | 2022-11-06 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +9 min
PremiumsThe premium is the sum you pay an insurer each month to participate in the health plan. It's perhaps the most transparent and easy-to-understand cost component of a health plan — the equivalent of a sticker price. Eighty-eight percent of workers covered by a health plan have a deductible in 2022, according to KFF. For example, would you struggle to pay a $1,000 medical bill if you require health care? If so, a health plan with a larger monthly premium and a smaller deductible may be your best bet, Sun said.
☆ Meet the 11 execs leading Bridgewater into a new era after Ray Dalio relinquished control of the hedge fund
  + stars: | 2022-11-04 | by ( Alyson Velati | ) www.businessinsider.com   time to read: +14 min
Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Karen Karniol-Tambour, cochief investment officer for sustainabilityKaren Karniol-Tambour, Bridgewater's cochief investment officer for sustainability. Rebecca Patterson, chief investment strategistBridgewater's chief investment strategist, Rebecca Patterson. In 2012, she joined as the chief investment officer of Bessemer Trust, managing $85 billion in client assets. The partnership elected three directors to Bridgewater's operating board of directors, which now has control over Bridgewater after Dalio relinquished control of the hedge fund.
☆ CVS to move members to other Medicare plans after ratings decline
  + stars: | 2022-11-02 | by ( Leroy Leo Nandhini Srinivasan | Leroy Leo | Nandhini Srinivasan | ) www.reuters.com   time to read: +3 min
Nov 2 (Reuters) - CVS Health Corp (CVS.N) on Wednesday forecast a 2023 profit below Wall Street estimates and said it hoped to mitigate the hit from a performance rating decline for its most popular Medicare plan by encouraging members to shift to other plans. read more CVS took a pre-tax charge of $5.2 billion in the third quarter related to the settlement. The settlement price, which was below investor expectations, according to Evercore ISI analyst Elizabeth Anderson, and other measures announced by the company helped lift CVS Health shares nearly 5%. In its insurance business, CVS said it is trying to move members out of Aetna's National PPO plan, which currently accounts for 59% of its Medicare Advantage plan members. CVS' health insurance business as well as peers Elevance Health (ELV.N) and UnitedHealth (UNH.N) have benefited from a slow recovery in elective procedures and a fall in COVID cases that has kept costs in check.
☆ CVS Health raises outlook as third quarter results beat estimates
  + stars: | 2022-11-02 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +3 min
CVS Health reported third quarter earnings Wednesday morning that beat Wall Street's expectations. CVS' Health Care Benefits segment grew nearly 10% compared to the same quarter last year, driven in part by an increase in its medical memberships from 2021. CVS encompasses a large swath of health care services, including its prescription and over-the-counter medicine sales, its MinuteClinic patient care services and its pharmacy benefits manager, CVS Caremark. The retailer has signaled a renewed focus on health care this quarter, announcing its purchase of Signify, an at-home health care company, for $8 billion in September. The move mirrors Amazon and Walgreens own expansions further into health care services.
☆ 'Feel the feelings': Millennial co-founder of a $2 billion company on dealing with rejection at work
  + stars: | 2022-10-14 | by ( Gili Malinsky | ) www.cnbc.com   time to read: +1 min
Having experienced the cumbersome nature of running the backend of a business, in 2013, Sigala co-founded HoneyBook, a platform for financial management for small businesses. The company took off, and as of 2021, HoneyBook is valued at more than $2 billion. After five years there, in 2018, Sigala co-founded her second tech venture, Kinside, a child-care marketplace. The company has raised more than $16 million thus far, according to Crunchbase, and she's currently serving as its CEO. For anyone facing rejection in their own career, however it plays out, here's her advice.
☆ Stocks making the biggest moves premarket: AMD, Levi Strauss, DraftKings and more
  + stars: | 2022-10-07 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Here are the companies that are making headlines before the bell:Advanced Micro Devices (AMD) – AMD slid 5.3% in the premarket after cutting its sales forecast. Levi Strauss (LEVI) – Levi Strauss took a 5.3% premarket hit after cutting its full-year sales and profit outlook. CVS Health (CVS) – CVS shares fell 5% in premarket trading, following a downgrade of one of its Aetna Medicare Advantage plans in annual ratings issued by the Centers for Medicare and Medicaid Services. Lyft (LYFT) – Lyft fell 2.6% in the premarket after RBC downgraded the ride-hailing service's stock to "sector perform" from "outperform." RBC said its driver supply analysis points to a less bullish outlook for Lyft and that competitor Uber (UBER) enjoys "structural advantages" over Lyft.
☆ Finding yield in health care stocks during the market storm
  + stars: | 2022-09-23 | by ( Bertha Coombs | ) www.cnbc.com   time to read: +3 min
Investors have looked to health care as a port in the storm during the stock market's volatility over the last year. In health care, "you still have companies that are throwing off good yield, so you get stability and good dividend yields." Biotech and pharmaceuticals industries have an average dividend yield of 2.6%, ranking just behind the consumer staples, utilities, and energy sectors. Just two stocks made the grade: drug maker AbbVie and pharmacy and health services giant CVS Health. The company, which includes pharmacy benefits as well the Aetna health insurance division, has a dividend yield of 2.1%.
☆ (foto) Lista celor mai influente femei din lume în anul 2020 conform Revistei Forbes
  + stars: | 2020-12-09 | by ( Onixmedia Srl | ) diez.md   time to read: +4 min
În data de 14 martie 2018, a fost aleasă de Bundestag pentru a patra oară în funcția de cancelar federal. În anul 2021, va fi a 49-a persoană care deține poziția de vicepreședintă a Statelor Unite ale Americii. În data de 2 iulie 2019, a fost nominalizată de Consiliul European pentru funcția de președintă a Comisiei Europene. Înainte de aceasta, a fost directoare generală a Santander UK, o funcție pe care a deținut-o din decembrie 2010. Începând cu 2014, ea a fost președintă și directoare executivă a companiei americane de investiții Fidelity Investments (FMR) și președintă a companiei sale internaționale sindicale Fidelity International (FIL).
Persons: Angela Merkel, Christine Lagarde, Harris, Angela Merkel Angela Dorothea Merkel, Christine Madeleine Odette Lagarde Christine Madeleine Odette, Lagarde, Ea, Kamala Devi Harris Kamala Devi Harris, Ursula Gertrud von, Albrecht, Ursula von, Walter Hallstein, Melinda Ann Gates Melinda Ann Gates, Bill Gates . Ea, Bill, Melinda Gates, Mary Barra, Nancy Pelosi Nancy Patricia D’Alesandro, Nancy Pelosi, Mike Pence, Ana Patricia Botín, Patricia Botín, Sautuola, Abigail Pierrepont Johnson Abigail Pierrepont Johnson, Gail Koziara Organizations: Forbes, Monetar, FMI, CDU, Europene, Parlamentul European, Economice Europene, Microsoft, Microsoft Bob, General Motors, Partidului Democrat din, SUA, Santander, Santander UK, International, Aetna, UnitedHealth Group Locations: Republicii Federale Germania, Bundestag, german, Christine Madeleine Odette Lagarde Christine Madeleine Odette Lagarde, Franța, Statelor Unite, California, Statelor Unite ale Americii, Ursula Gertrud von der, Ursula von der, Germania, DBE, America, Barra, Nancy Pelosi Nancy Patricia D’Alesandro Pelosi, americană, Partidului Democrat din SUA, Nancy, Statele Unite, Spania, Santander, Investments, SUA, Illinois
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