Cigna posts profit drop, lifts forecast
Cigna Corp.'s third-quarter profit fell 6.7% as low interest rates weighed on results, though membership increased and medical costs fell at the managed-care company.
Philadelphia-based Cigna also raised its earnings forecast for the year a second time, to $4.35 to $4.50 a share from $4.10 to $4.40.
"This quarter's continued business growth is a result of strong customer retention, expansion of existing relationships and new business sales in our targeted market segments and geographies," said President and Chief Executive David M. Cordani.
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- Interventional Radiology No Longer a Sub-Specialty
- Acute Kidney Injury Gets New Focus
- Transforming Cancer Care
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- mHealth Tackles Readmissions
- CNO Leads $1M Charge for New Scrubs, Uniforms
- MA an Insurance Proving Ground for Providers
- Sharp HealthCare Leaves Pioneer ACO Program
- Evidence-Based Practice and Nursing Research: Avoiding Confusion