Here’s what you should know.
1. Anthem beat earning projections. It reported a $1.76 earnings per share, higher than estimates of $1.59 EPS.
2. The payer also beat revenue estimates, posting actual revenue of $21.5 billion to $20.9 billion estimates.
3. It wasn’t entirely positive for Anthem, however. Its benefit expense ratio deteriorated 20 basis points on a year-over-year basis to 87.2 percent.
4. Anthem also announced its 2017 projections. The company expects an adjusted net income of greater than $11.50 per share, a medical membership between 40.1 million and 40.3 million with an operating revenue between $86.5 and $87.5 billion.
More articles on coding, billing and collections:
Aetna may completely withdraw from exchanges due to ACA uncertainty: 5 things to know
Payers increasing scrutiny of coding compliance
Medicaid spending totals $575.9B in 2016 — 9 key points
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.