Here’s what you need to know.
1. Costs associated with Cigna’s pending merger with Anthem drove the loss.
2. Cigna posted a net profit of $456 million in the third quarter, $1.76 per share. In 2015, Cigna posted $547 million, $2.10 per share in profits.
3. The company’s year-to-date profits are $1.49 billion, $5.72 per share, down from $1.67 billion, $6.40 per share over the same period last year.
4. Cigna’s customer base grew by 180,000 customers, matching last year’s growth.
5. CEO David Cordani expects 2017 will present “attractive growth opportunities.”
More articles on coding, billing and collections:
CMS final rule increases ASC pay 1.9% in 2017: 5 things to know
Anthem misses Q3 earning projections: 3 things to know
If performance doesn’t improve in 2018, Anthem wants out of ACA exchanges: 4 things to know
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