Cigna CFO Says Co Expects That It Will Continue To See Elevated Inpatient Activity Throughout The Entire 2024 Calendar Year; "Outpatient Dynamic" Was Impacted By Change Healthcare Hack's Disruption Of Claims In Q1
Portfolio Pulse from Benzinga Newsdesk
Cigna's CFO announced that the company expects elevated inpatient activity throughout 2024. The outpatient dynamic was impacted by a Change Healthcare hack that disrupted claims in Q1.
June 11, 2024 | 2:10 pm
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NEGATIVE IMPACT
Cigna expects elevated inpatient activity throughout 2024, which could lead to higher costs. The outpatient services were disrupted in Q1 due to a Change Healthcare hack.
The expectation of elevated inpatient activity suggests higher costs for Cigna, which could negatively impact earnings. Additionally, the disruption in outpatient services due to a hack could affect revenue and operational efficiency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100