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began, comparison, domestic, focused, forward, hierarchy, medium, overlap, retrospective, stay, uncertainty, unchanged
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abandonment, abate, accelerate, area, ASU, award, centralize, chronic, Clayton, clinical, collaboration, conform, consulting, deferral, dispensing, disposed, disrupted, disruption, distinct, divestiture, Dubilier, earliest, environment, experienced, external, Finally, force, global, hospital, implement, improving, incidence, KAH, Kindred, labor, led, Louisiana, Manager, measurement, nursing, Ohio, Omicron, optimization, original, outpaced, pandemic, persist, presentation, pretax, publicly, realigned, recast, relief, Rice, seasonal, sequestration, shifting, simpler, software, structure, Supplement, Targeted, temporary, testing, traded, treatment, underway, unit, variant, work, workforce
Financial report summary
?Competition
Cigna Holding • Unitedhealth • Abiomed • DCP Holding • Champion Pain Care • Express Scripts Holding • NeueHealth • Cigna Group (The) • Signify HealthRisks
- Risks Relating to Our Business
- If we fail to effectively implement our operational and strategic initiatives, including our Medicare initiatives, which are of particular importance given the concentration of our revenues in these products, our state-based contracts strategy, the growth of our CenterWell businesses, and our integrated care delivery model, our business may be materially adversely affected. In addition, there can be no assurances that we will be successful in maintaining or improving our Star ratings in future years.
- If we fail to properly maintain the integrity of our data, to strategically maintain existing or implement new information systems, or to protect our proprietary rights to our systems, our business may be materially adversely affected.
- Any failure by us to manage acquisitions, divestitures and other significant transactions successfully may have a material adverse effect on our results of operations, financial position, and cash flows.
- If we fail to develop and maintain satisfactory relationships with the providers of care to our members, our business may be adversely affected.
- Our ability to obtain funds from certain of our licensed subsidiaries is restricted by state insurance regulations.
- Downgrades in our debt ratings, should they occur, may adversely affect our business, results of operations, and financial condition.
- Volatility or disruption in the securities and credit markets, including changes in interest rates, may significantly and adversely affect the value of our investment portfolio and the investment income that we derive from this portfolio.
Management Discussion
- •Our strategy offers our members affordable health care combined with a positive consumer experience in growing markets. At the core of this strategy is our integrated care delivery model, which unites quality care, high member engagement, and sophisticated data analytics. Our approach to primary, physician-directed care for our members aims to provide quality care that is consistent, integrated, cost-effective, and member-focused, provided by both employed physicians and physicians with network contract arrangements. The model is designed to improve health outcomes and affordability for individuals and for the health system as a whole, while offering our members a simple, seamless healthcare experience. We believe this strategy is positioning us for long-term growth in both membership and earnings. We offer providers a continuum of opportunities to increase the integration of care and offer assistance to providers in transitioning from a fee-for-service to a value-based arrangement. These include performance bonuses, shared savings and shared risk relationships. At March 31, 2024, approximately 3,837,300 members, or 69%, of our individual Medicare Advantage members were in value-based relationships under our integrated care delivery model, as compared to 3,505,100 members, or 68%, at March 31, 2023.