Accounting & Financial Management
CEO David Joyner put much of the onus on the poor performance on elevated utilization coming out of the pandemic.
CMS is finalizing a new specific wage index that will be used to adjust payments for geographic differences in area wages.
The AHA says the final rule only worsens the problem of "sustained and substantial underpayment" of hospitals.
The company says there's opportunity to enhance its value proposition in the realm of virtual care.
However, health systems didn't fare as well, seeing operating margins drop for a third consecutive month in September.
The revenue is a year-over-year increase from Q3 2023, during which the insurer's revenue capped at about $25.4 billion.
Core concern of labor and supply inflation are growing at a faster rate than payment and workforce issues haven't gone away, CFO says.
Tiered networks, value-based formularies and direct contracting with providers were correlated with lower costs.
Hurricane Helene resulted in a $7M loss of revenue and response effort expenses.
