- Employers Save Average of $253 Annually for Each Individual Cigna
Identifies for a Health Program
Company Website:
http://www.cigna.com
BLOOMFIELD, Conn. -- (Business Wire)
A Cigna (NYSE: CI) study found that customers whose medical and pharmacy
benefits are both administered by Cigna are more active in health
coaching and case management programs than those with only medical
coverage with the company. Increased engagement in managing health
conditions is helping to generate medical cost savings for employers of
$253 annually, on average, for each individual identified as a candidate
for a health improvement program, compared to those employers that have
medical benefits with Cigna, but use another pharmacy benefit manager
(PBM).
The study found that 12 percent more individuals participate in health
coaching and case management programs when their pharmacy and medical
benefits are managed together. In addition, 12 percent more individuals
complete multiple health improvement activities when working toward
their goals.
“Every time a prescription is filled, there is an underlying medical
issue. A real-time view of our customers’ health needs across both their
pharmacy and medical benefits enables us to more easily identify and
support those who need help in managing their health. We’re able to
provide personalized guidance to customers on actions that will drive
better health – such as improving adherence to their medications – and
provide cost savings for them and their employers,” says Scott Josephs,
M.D., Cigna national medical officer.
Improved health engagement resulted in even more significant savings for
certain medical conditions. Employers saved, on average, $2,816 on
annual medical costs for each individual being treated for diabetes who
had both pharmacy and medical benefits administered by Cigna.
“Even the best doctors and most effective medicines can only do so much
if patients are not also actively involved in improving their health.
Under the plans we administer, pharmacy is the most frequently used
benefit, and we use those touchpoints to encourage customers to
participate in programs available across their benefits. The study helps
confirm the added value we can provide to customers and clients when we
are able to use this connected approach,” said Jon Maesner, PharmD,
Cigna chief pharmacy officer.
The study also found that employers with both pharmacy and medical
benefits through Cigna experienced medical cost savings across all their
plan members. Overall, employers saved an average of $74 per member per
year (PMPY) on medical costs – with greater health program engagement
accounting for the majority of these savings.
About the Study
The study examined about 4.8 million de-identified 2016 customer claims
from group benefit plans. Approximately half had both medical and
pharmacy benefits administered by Cigna while the other half had medical
benefits administered by Cigna, but used a different PBM. Customers were
matched between the two groups on key attributes, including
demographics, health condition, access to health improvement services,
plan design and geographies.
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to helping people improve their health, well-being and sense
of security. All products and services are provided exclusively by or
through operating subsidiaries of Cigna Corporation, including
Connecticut General Life Insurance Company, Cigna Health and Life
Insurance Company, Life Insurance Company of North America and Cigna
Life Insurance Company of New York. Such products and services include
an integrated suite of health services, such as medical, dental,
behavioral health, pharmacy, vision, supplemental benefits, and other
related products including group life, accident and disability
insurance. Cigna maintains sales capability in 30 countries and
jurisdictions, and has more than 95 million customer relationships
throughout the world. To learn more about Cigna®, including links to
follow us on Facebook or Twitter, visit www.cigna.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005579/en/
Contacts:
Cigna Corporation
Karen Eldred, 860-787-7015
karen.eldred@cigna.com
Source: Cigna Corporation
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