The Centers For Medicare & Medicaid Services Informed Elevance Health's Four Medicare Advantage Contracts Will Have A Higher 2024 Star Rating Because Of Updated The Original Ratings Announced In October 2023 - 8K
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Elevance Health's four Medicare Advantage contracts will receive higher 2024 Star Ratings, positively impacting its 2025 revenue by an estimated $190M. This adjustment follows a reconsideration of the initial ratings announced in October 2023.
March 04, 2024 | 11:18 am
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Elevance Health's Medicare Advantage contracts have been upgraded to higher 2024 Star Ratings, leading to an estimated $190M revenue increase for 2025.
The upgrade in Star Ratings for Elevance Health's Medicare Advantage contracts directly impacts the company's financial outlook for 2025, with a significant estimated revenue increase of $190M. This positive development is likely to be viewed favorably by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
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