Capital Finance
Healthcare is a growing sector of the economy including the export of pharmaceuticals, medical equipment and devices, says Filipe Santos Costa, chairman and CEO of AICEP.
The nonprofit Blues insurer attributed this result to strong membership numbers in its individual business units, such as Highmark Health Plans.
Operating income was $741 million for the second quarter of the year compared to operating income of $89 million in Q2 2022.
Other challenges for healthcare executives include staffing shortages, budget changes and cost increases, says attorney Chris Dunn.
Cigna rakes in $48.6 billion in revenues, while Evernorth Health Services sees 10% growth during a stronger-than-expected quarter.
Earnings reached $956 million, revenues came in at $26.7 billion and the insurer expects continued growth in MA and Medicaid.
President and CFO Kevin Hammons says the company is continuing to gauge interest from outside parties related to future divestitures.
Revenues hit $43.7 billion, an increase from Q2 2022's $38.6 billion.
The 20 transactions in the quarter represent the highest number since the first quarter of 2020, when the COVID-19 pandemic began.
The decline in funding follows a significant boom in 2021, when U.S. digital health startups raised $29.1 billion.