In a rebrand of its health services portfolio, Cigna is launching Evernorth, which includes pharmacy benefit manager Express Scripts, specialty pharmacy Accredo and eviCore healthcare, which provides utilization management services for health plans or employer groups and outpatient diagnostic imaging service programs.
Tim Wentworth will serve as CEO of Evernorth.
The open business model will bring together Cigna's health services as well as outside partners in pharmacy solutions, benefits management and care solutions. This will help solve problems across a fragmented healthcare ecosystem, Cigna said.
Evernorth's use of data and analytics will provide a platform for the health solutions geared toward health plans, employers, and government organizations – inclusive of those without Cigna medical insurance.
One solution, Healthy Ways to Work, helps health plans and employers address the unique challenges resulting from the COVID-19 pandemic.
The fertility solution, FamilyPath, helps reduce avoidable costs. It provides holistic care coordination and more flexible options for individuals.
Embarc Benefit Protection ensures access to high-cost gene therapies; inMynd supports mental health conditions.
WHY THIS MATTERS
Insurers are expanding their business model to a broader healthcare market than that of health insurance.
Evernorth couples advanced data and analytics with clinical expertise.
Every player across the system is viewed as a potential partner with whom it can build solutions or who can benefit from its solutions, Cigna said.
THE LARGER TREND
Evernorth is part of Evernorth Health, a wholly-owned subsidiary of Cigna.
Evernorth is a new brand for Cigna's growing health services portfolio. Beginning in the third quarter, the health services segment will be reported as Evernorth.
ON THE RECORD
"As champions for affordable, predictable, and simple healthcare, Cigna is taking on the toughest challenges – from rising costs to increasingly fragmented care," said David M. Cordani, president and CEO of Cigna. "Evernorth's commitment to meeting the needs of those it serves, a relentless focus on data-driven innovation, and proven approach to partnering will further accelerate our growth and our ability to solve complex issues in health care for the benefit of those we serve."
"Evernorth represents our belief that health is the starting point of human progress and potential," said Wentworth. "It builds on our leading capabilities, solutions, and partnerships in new and expanded ways that set us apart. Our philosophy and unbiased approach give us the ability to address health care challenges from a fragmented system and provide our clients with more choice. Evernorth will deliver innovative solutions not available anywhere else."
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