Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

Aetna reorganizes as CVS acquisition approaches — 6 quick facts

Aetna realigned its business segments ahead of its planned $69 billion acquisition by CVS.

Here are six insights.

1. Aetna is breaking its business down into a healthcare segment and a corporate/other segment, effective the first quarter of 2018.

2. The healthcare category will include health insurance products and related services, emerging business products and services related to Aetna's medical products. The corporate/other category will be comprised of discontinued products, divested contracts and corporate expenses not supporting the company's business operations.

3. The company realigned its business segments to correspond with changes to its management structure and internal management reporting.

4. Aetna restated previous financial statements to reflect the changes in an April 17 announcement.

5. When Aetna releases its first-quarter earnings May 1, it will report financials in accordance with the new alignment.

6. Aetna won't host a conference call for its earnings release due to the pending transaction with CVS.

More articles on coding, billing and collections:
25 statistics on ASC payer mix as a percent of collections — Commercial is No. 1
5 things to know about a physician-led health plan partnership
Maximize your 2018 reimbursements: Know your health plans, know your market, and stay on top of trends

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months