MAJOR TRENDS IN US HEALTHCARE

Volume 21, Feb 14

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Major Trends in US Healthcare

Volume 21, Feb 14

CONTENTS
ABOUT GHCRI ......................................................................................................................................................................3 TEAM OF CONTRIBUTORS ........................................................................................................................................................4 ACO ..................................................................................................................................................................................5

ACO in News........................................................................................................................................................................ 5 ACO Payer Updates .......................................................................................................................................................... 5

HEALTH B ENEFIT EXCHANGE & E SSENTIAL HEALTH BENEFITS .............................................................................................................6

HBX in News ........................................................................................................................................................................ 6 EHB IN NEWS ......................................................................................................................................................................... 6 HBX & EHB Payer Updates ............................................................................................................................................... 6
HEALTH INTELLIGENCE .............................................................................................................................................................7

Health Intelligence in News ................................................................................................................................................ 7 Health Intelligence Payer Updates ................................................................................................................................... 7

MEDICARE/MEDICAID.............................................................................................................................................................8

Medicare/ Medicaid in News .............................................................................................................................................. 8 Medicare/Medicaid Payer Updates ................................................................................................................................. 8

SMAC ................................................................................................................................................................................9

SMAC in News ..................................................................................................................................................................... 9 SMAC - Payer Updates ........................................................................................................................................................ 9

PAYER UPDATES .................................................................................................................................................................. 10

Aetna in News ................................................................................................................................................................... 10 Cigna in News .................................................................................................................................................................... 10 Humana in News ............................................................................................................................................................... 10 UnitedHealth Group in News ............................................................................................................................................ 11 WellPoint in News ............................................................................................................................................................. 11

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

ABOUT GHCRI
Cognizants Global HealthCare Research Institute (GHCRI) provides global thought leadership with market insights, perspectives and fact-based research that supports decision making for industry executives across the healthcare value chain. GHCRI contributes to the transformation of the healthcare industry, by helping actively promote and advance dialog amongst leading international healthcare organizations. We endeavour to leverage our Healthcare industry and technology insights, to aid stakeholders navigate change from intelligence including emerging trends, challenges and opportunities in the healthcare industry. The Institute is part of Cognizant Business Consultings initiative to bring together industry expertise to partner with orga nizations as a thought leader and trusted advisor.

Contact Us
Cognizants Global HealthCare Research Institute Share your feedback with us: GHCRI@cognizant.com

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

TEAM OF CONTRIBUTORS
TOPIC ACO & Humana HBX/EHB & Cigna Health Intelligence & WellPoint Medicare/Medicaid & UHG SMAC & Aetna CORE TEAM MEMBER Ramu, Harish Pereira, Renato Antony Athaley, Chaitanya Naik, Leena Mohanty, Prashanti VOLUNTEER
Singh, Pankaj Gupta, Saurabh Gupta, Amritansh Koul, Rahul Sinha, Shwetabh

Please write to Vijaya.Shakya@cognizant.com for any suggestions or questions on the report.

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

ACO
ACO in News
Privia Health joins hands with AthenaHealth to produce more effective ACO
The collaboration between Privia Health and AthenaHealth will connect their technologies and the business operations which in turn will result in an effective ACO. Privias in-house developed care management software will be integrated with the AthenaClinicals cloud-based electronic health records system. Privia Medical Group represents 161 physicians and serves more than 300,000 patients. Read more

providing better care and improving health for members with multiple chronic conditions. The program is supported by 12 providers across California. In ACO's first year, participants witnessed an increase in preventive care and appropriate prescribing. With the partnership, Anthem plans to improve care co-ordination. Read more

Texas Health along with Cigna launches new ACO

In order to improve patient access to healthcare and enhance care coordination, Texas Health Resources, Texas Health Physicians Group (THPG) and Cigna have launched a collaborative accountable care initiative. The collaboration intends to approach all aspects of health and thereby enhance the overall well-being of the population through coordinated approach. The same-population goals will be accomplished for the ACO thus formulated. This program aims that THPG physicians will monitor and coordinate all aspects of an individuals medical care to proactively manage interventions and improve overall well-being. Read more

Rural providers collaborate to test National Rural ACO

National Rural ACO is an initiative for rural providers who lack deep pockets, size or scale to participate in the CMS program on their own. Nine rural health providers have joined National Rural ACO so that they can jointly qualify for the Medicare Shared Savings Program. The National Rural ACO, which was launched four years ago in California, will provide the centralized services such as building a data warehouse for participants. Read more

Beacon Health and Cigna join together to form Maine ACO

Beacon Health which is part of Eastern Maine Healthcare System (EMHS) and Cigna have come together to form an ACO in Maine. As part of the agreement, Beacon will continue to deliver and oversee patient care, while Cigna will provide case managers to assist in care coordination, scheduling, and patient health education. Cigna will assist in offering data to identify patients at risk for readmissions or overdue for health screenings. Read more

White House steps up efforts to push ACO expansion in 2014

Jeanne Lambrew, deputy assistant to the president for health policy, discussed the administration's priorities for 2014 which included ACOs. Lambrew alluded to the Center for Medicare and Medicaid Innovation, a division of the Centers for Medicare & Medicaid Services (CMS). The Innovation center has taken many initiatives specific to the post-healthcare reform landscape, such as ACOs, patient-centered medical homes and bundled payments. The federal government is very optimistic towards ACOs. CMS report showed that Medicare and Pioneer ACOs saved nearly $400 million in 2012. Read more

Florida Blue teams with Memorial Healthcare to form a new ACO

Memorial Healthcare has contracted with Florida Blue to provide integrated patient care through a new ACO called Memorial Health Networks. The new ACO integrates the services by 1,073 primary and specialty care physicians to achieve lower costs while meeting quality goals. The network doctors will agree to the ACO compensation structure and will share the bonus pool achieved through preventive care, patient education and co-ordination with other medical services. Florida Blue patients will receive coordinated care amongst network providers and with Memorials six hospitals in southern Broward County. Memorial Health Networks physicians currently serve over 20,000 patients. Read more

National Rural ACO contracts with Lightbeam Health to deliver end-to-end population health platform
Lightbeam Health Solutions announced that it has contracted with National Rural ACO to deliver the Lightbeam Health population health platform to serve its developing network of ACOs. National Rural ACO is a network of rural-based healthcare organizations that benefit largely from shared care coordination and healthcare technology. Read more

ACO Payer Updates

Sansum Clinic partners with Anthem California ACO
Sansum Clinic has collaborated with Anthem Blue Cross (Anthem) Enhanced Personal Health Care Program. Anthem's ACO focuses on

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

HEALTH BENEFIT EXCHANGE & ESSENTIAL HEALTH BENEFITS

HBX in News
3.3 million Enrolled on health marketplaces
Federal and State exchanges have reported an increase in the enrollment number which exceeded the governments expectations in January, bringing the overall total to 3.3 million. An interesting trend in the numbers revealed an increase of 3% in young adults enrolling for health plans between the age group 18 to 34 in January. Read more Health Exchange Enrollment at 75 Percent of Target

but over the phone, via paper applications or insurance agents. Read more

Maryland panel to examine problems with health exchange

Health Insurance exchange of Maryland has been plagued with continued glitches and malfunctions from its formation which initiated a move to create an oversight panel to find a solution. Prime focus will be on fixing the technical issues and helping people st to enroll before the open enrollment period of March 31 . Post the open enrollment period, they would identify the actual reasons for the problems and devise a strategy to prevent it from occurring in future. Read more

More employers to move to private health Insurance exchanges

According to a recent survey employers preferred to move their health coverage for its employees to a private exchange which will benefit both the employer and its employee in the near future. Financial risk of the employees health cost are mostly shared by the large employers which are mostly self-insured but with the private exchanges employees will be obtain a subsidy from the health plans they select and the onus of risk lies with the insurer. Read more

Disastrous launch of health exchanges in 4 states

Oregon, Minnesota, Maryland, and Massachusetts states are lagging behind in terms of enrollment numbers when compared to other states due to its inaction for the issues that were identified in its initial launch. All states attributed that the technical glitches and others issues faced by them were indicted by outside technical contractors as the main reason for its failure. Read more

Source: Department of Health and Human Services

Administration to allow some switching of healthcare plans until March 2014

HealthCare.gov website underwent a major change in terms of rules and computer code to allow consumers who have received coverage through an online insurance market to switch health plans before the end of March if they are dissatisfied with the one they chose, provided they stay with the same insurer and generally the same level of coverage. Consumers will be provided with a freedom of choice and an opportunity to get a new plan if they prove the benefits disclosed by HealthCare.gov for a plan is inaccurate. Read more

EHB IN NEWS
Top 10 healthcare services excluded under Obamacare
Medical services excluded in the insurance coverage of the preobamacare remain excluded under Obamacare except for a few minor changes which are less significant as per the study by Head of Research & Data at HealthPocket. Read more

HBX & EHB Payer Updates

Aetna CEO says company may opt out of Obamacare
Aetna the third-largest insurance provider is contemplating whether to opt-out of the Obamacare which will be based on a market-bymarket analysis or double its rates due to the prevalence of uncertainty in Obamacare according the company's CEO, Mark Bertolini. Read more

California takes down online health insurance exchange for small businesses
California's health insurance exchanges are temporarily halting the online marketplace for small businesses to implement a series of redesigns to achieve better performance. Even though the online enrollment will cease immediately small employers can still buy plans through the small business health options program (SHOP),

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

HEALTH INTELLIGENCE
Health Intelligence in News
Avatar improves healthcare patient satisfaction with Information Builders' intelligence, integration, and integrity solutions
Due to increased importance of patient satisfaction and employee satisfaction surveys, Avatar solutions declared to use Information Builders WebFOCUS business intelligence platform. The platform automates data management processes, develops comprehensive data governance procedures and intuitive metric dashboards thereby enabling efficient reporting. Read more

IBM content analysis software helps to identify patients at risk for developing heart failure
IBM uses natural language processing technique, content analytics and predictive modelling to identify high risk patients with 85% accuracy. IBM, Epic, Carilion clinic were involved in this pilot project. Read more

Health Intelligence Payer Updates

Data analytics takes on medication management
Coventry Health Care, a division of Aetna, is using predictive modeling technology from RxAnte for medication management. This technology along with e-prescribing improves patient engagement, reduces healthcare costs and improves medication adherence. Read more

How GIS and analytics can improve the U.S. health care system
The major constraints in healthcare industry are operations, logistics, resource allocation, customers, and management. Geospatial information system along with data analytics is expected to meet these constraints by impacting areas like strategic planning, market analysis, capital planning and operational analysis. Read more

Spin systems creates HIPAA 5010 ICD-10 standard compliant referral exchange, a major part of the HITECH act, in nine months
Spin systems, working with UHG, Humana and Health Net, has created HIPAA 5010 ICD-10 standard compliant referral exchange. The data collection and sharing platform is enabled by service oriented architecture. Read more

Loopback analytics provides patient population management platform to Stormont-Vail healthcare

Stormont-Vail healthcare declared to use Loopback analytics cloud based platform for population management. The platform integrates data across various health care information systems, enables identification of high risk patient populations and provides appropriate interventions. The goal is to remain connected with patient after discharge, attain better workflow, increased productivity and enhanced patient satisfaction. Read more

Predictive analytics role in improved outcomes highlighted in new issue brief from Health Fidelity
Health Fidelity considers predictive analytics to be crucial since the healthcare industry is moving towards value-based payment model. Predictive analytics enables tracking of current performance metrics, performs data mining thereby driving decision making process for clinical quality and costs. Read more

Toshiba introduces comprehensive suite of healthcare solutions

Toshibas digital products division announced release of healthcare solution suite. It comprises of cost-effective cloud services, mobile point of care, digital signage and mobile computing for enabling digital healthcare. The primary objective is to improve clinical and business performance and promote innovation across healthcare organizations. Read more

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

MEDICARE/MEDICAID
Medicare/ Medicaid in News
New York to get $8 billion Medicaid waiver
New York has reached a tentative agreement with the Federal govt. officials for a waiver of $8 billion saved by the State Medicaid reforms. The amount is, though, less than the $10 billion the State sought 18 months ago in its original Medicaid waiver request. The waiver would be used to fund healthcare programs with the ultimate aim to improve the overall State healthcare. Read more

California Dual project scope and size sparks worries

On April 1 , 2014 roughly 400,000 dual eligible Californians will move into managed care as the State gets ready to roll out its dual demonstration project. However recent setbacks such as the eight county project becoming a seven county project when CalOptimas participation was halted, LA Care being unable to automatically enroll beneficiaries due to low CMS star rating and the delay by three counties in sending the 60-day notices are becoming a huge concern and many predict that a project of such massive scale may result in beneficiaries being overwhelmed by changes or not receiving the same level of care they are getting right now. Read more
st

New Medicare payment system to reward doctors for quality

As per a new legislation, introduced by the bipartisan leadership of three Senate and house committees, the Medicare physician payment model will be transitioned to reward the doctors based on the quality of care delivered rather than the quantity. An overhaul of the Medicare doctors pay has also been strongly supported by the American Medical Association as a step forward towards an efficient healthcare delivery. Read more

Express Scripts introduces Medicare Star rating modeling dashboard

Express Script unveiled its ConstellationSM Rating Advisor modeling program that enables health plans to navigate the CMS Star Rating and pinpoint the ideal strategies for improving plan performance. Read more

Illinois governor proposes a $5.2 billion Medicaid restructure program

Illinois Gov. Pat Quinn has proposed a five year, $5.2 billion plan aimed at restructuring the State healthcare delivery and payment processes in order to achieve long term savings and to increase access to community-based health providers while keeping costs low. The program, dubbed The Path to Transformation, is in the proposal stage before it gets the final approval from the CMS. Read more

Medicaid premium set to soar due to ObamaCares health insurer tax

A considerable number of health insurance companies are contemplating an increase in Medicaid costs as they plan to pass on a good chunk of the ObamaCare insurance costs to consumers in the form of higher premiums. The health insurer tax (HIT) was among a variety of fees included in the ACA to make health insurers, expected to benefit from millions of taxpayer-subsidized customers under the law, to contribute toward its costs by paying a fair share. As per a study, the HIT could increase premiums by more than $2,800 per person and $6,800 per family over a decade. Read more

Medicare to expand the cover for cardiac rehab services

Medicare will now be paying for the rehab services for patients with chronic heart failure. The rehab services will include exercise, behavioral risk factor reduction, health education and personal counseling for CHF patients. The move comes after CMS reviewed the literature on rehab services and determined that cardiac rehab services were effective in chronic heart failure as well. Read more

Medicare/Medicaid Payer Updates

Aetna forecasts robust growth of its Medicare business in 2014
While expecting the business to lose money in the first year of implementing ACA, Aetna is, nevertheless, still hopeful to have a robust growth in their Medicare business. Aetna is expecting to add 110,000 new private Medicare customers in the Q1 of 2014 while government-paid healthcare programs, like Medicare for older people, are growing fast as baby boomers age into the program. Read more

20 plus arrested in DC's largest home health care fraud

Operators of home care agencies, nurse staffing agencies, office workers, and personal care assistants were arrested following investigations into fraudulent billing practices in the home health care industry which cost the D.C. Medicaid program about $75 million since 2007. Read more

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

SMAC
SMAC in News
Premier Inc. adopts enterprise-wide analytics solution for operational excellence
Leading healthcare improvement company Premiere Inc. has introduced an enterprise-wide analytics solution enabling hospitals to easily access, integrate and interpret their data. The solution, called PremiereConnect Enterprise, helps providers to improve operational excellence and patient care by the use of integrated data and analytics. Read more

expects to expand its footprint in the personalized healthcare space, taking a consumer-centric approach. Read more

Walgreens works with Inovalon towards bringing big data to healthcare

Americas largest drug retail chain Walgreens has tied up with technology firm Inovalon to bring a new patient assessment system to the Walgreens' Healthcare Clinic lines. The Inovalon Electronic Patient Assessment Solution Suite (ePASS) will bring in a set of new patient assessment options to over 400 such Healthcare Clinics in operation. The ePASS system is Web-based which add flexibility and allows its user to derive key facts like gaps in care, etc. Read more

Report finds use of virtual care communication tool on the rise

A new research report by Parks Associates digital health research finds that 28% of U.S. broadband households have used virtual care communication tool atleast once. This number is expected to rise to as high as 65% by 2018 with video consultation revenues reaching $13.7 billion. As per the research, next-gen cloud-based technologies will aid the providers in tailoring remote care programs specific to population, thereby attaining cost-efficiency. Read more

Video doctor visits and telemedicine deemed noncompliant with HIPAA

As the buzz grows with the increased adoption of telemedicine solutions and virtual patient-doctor interactions over the web, Oklahoma medical board has published a ruling that all telemedicine technologies must comply with HIPAA standards. This has rendered many video-based medical interactions like Skype, etc. in serious trouble over their legal validity. Read more

Carestreams imaging app for Samsung and Apple devices get go-ahead from FDA
FDA has provided its nod for VUE Motion, a mobile radiology viewing and reading software that can be accessed on mobile devices and tablets. The clarity of image allows the radiologists to read as well as make clinical reports based upon them. Healthcare providers are increasingly using their own personal devices at work and FDA nod has provided a big boost to the mobile technologies and BYOD phenomenon. Read more

New video technology for monitoring medical conditions by Xerox

Leading medical devices firm Xerox is researching on a new nonintrusive video camera and analytics platform to monitor medical conditions. With the implementation of the Affordable Care Act, an already stressed healthcare system is expected to add millions of new consumers, further worsening the situation. The technology is expected to ease the burden on the already stressed system and improve patient care. Read more

Next-Gen messaging capabilities to protect privacy of patient information on mobile devices unveiled
Marble Security Inc, a mobile security cloud service has extended its Marble Messenger capability to protect sender and receiver information. It is a secure messaging service that enables healthcare firms to protect information through encryption. Read more

Panelists identify mobility as central to future of Healthcare

The Toronto Mobile Healthcare Summit held on Jan 29 introduced the attendees to the new and revolutionary trends in m-health. The panelists identified that care delivery was moving away from hospitals and out-patient specialty clinics, aided by technology, are on the rise. Panelists also discussed the use of collaborative technologies and education as keys to a changing model of care that will be required to deal with the aging population. Read more
th

SMAC - Payer Updates

Aetna Foundation to support digital innovations for underserved communities health

Leading big data healthcare company GNS Healthcare secures funding for major market expansion
Leading provider of big data analytics products and services, GNS Healthcare, received $10M series B funding to fuel its expansion across the healthcare industry. With this funding, the company

Aetna has announced a $1.2 million grant to promote digital technologies such as mHealth for minority populations. This is as part of the $4 million that Aetna Foundation has committed over a period of 3 years for evaluation and implementation of technology to address public health concerns. The grants will go to a diverse group of 23 organizations across 13 states. Read more

2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

Volume 21, Feb 14

PAYER UPDATES
Aetna in News
A. New revenue streams
Aetna has added Walmart to Preferred Pharmacy Network of the CVS/pharmacy Prescription Drug Plan. Due to this arrangement, the plan members will have to pay $2 less copayment for nearly 800 preferred generics and $1 less copayment for common specialty generics. Read more Aetna has entered into a strategic alliance with GNP to enhance the international health coverage in its GNP healthcare plans for Mexico residents. The alliance will give members access to Aetnas network of more than 1 million healthcare providers in U.S. and an additional 100,000 providers across the globe. Read more

Cigna in News
A. New revenue streams
Cigna announced the launch of its ownprivate retail exchange which will cater to the needs of the employers in cost-saving opportunities, easy administration and provide employee with multiple choice of plans. Currently the private exchange is available to smaller employers in Atlanta, Dallas, Washington, D.C. metro area, and San Francisco, and will expand its footprint to other markets and larger employer groups throughout 2014. Read more

B. New initiatives
Cigna's Supplemental Benefits division introduced two new mobile capabilities for agents selling its Cigna Medicare Supplement Solutions and Cigna Supplemental Solutions insurance products insured by American Retirement and Loyal American Life Insurance Companies. Read more Cigna has continued its expansion in Collaborative Accountable Care with a tie-up with Beacon Health, a subsidiary of EMHS (Eastern Maine Healthcare Systems) to improve patient access to health care, enhance care coordination, and achieve the triple aim of improved health, affordability and patient experience st which will be effective from January 1 2014.Read more

B. New initiatives
Aetna has taken up the initiative of fighting prescription drug abuse by the use of integrated pharmacy, medical programs and behavioral health. Abuse of prescription painkillers is a growing problem in the US and this adds billions of dollars to healthcare and criminal justice costs each year. Read more Aetna has committed itself to promote personalized weight-loss options by helping members find their best weight-loss approach. It has started providing information and access to lifestyle management programs, surgical options and prescription medications. Read more Aetna CEO Mark Bertolini and Academy Award Winning Actress Goldie Hawn will launch Mindful Works during the World Economic Forum in Davos. Mindful Works is collaboration between Aetna and The Hawn Foundation which works to improve health and wellness of people around the world. Read more

C. Performance
Cigna has reported a strong full year 2013 results and have raised their outlook for 2014. The consolidated revenues for 2013 were $32.4 billion, an increase of 11% over 2012. Revenues reflected growth in premiums and fees of 9% in Global Health Care, 27% in Global Supplemental Benefits and 10% in Group Disability and Life, primarily driven by continued growth in Cigna's targeted customer segments. Read more

Humana in News
A. New Initiatives
Humana has joined hands with CoverMyMeds to implement an electronic prior authorization model. This will expedite patients access to the medications due to streamlining of prescription authorization requests. This new model will save time for both provider and patients by removing several steps from existing prior authorization process. The website is more user-friendly and both providers and patients can check the status of the prior authorization online. Read more Kentucky Employee Health Plan (KEHP) and Humana have come together to address plans costs associated with chronic diseases. They have designed LivingWell Promise which will be part of KEHPs LivingWell health plans. Consumer-driven health plans are gaining popularity as KEHP experienced a fivefold increase in employees who selected a consumer-driven health plan. Read more

C. Performance
Aetna has tied up with Vitality Re V for a five-year reinsurance arrangement as part of its long term capital management strategy. This reinsurance arrangement will improve Aetnas capital efficiency and reduce its weighted average cost of capital. Read more Aetna has announced the fourth quarter and full year result for 2013. Results showed the y-o-y operating earnings to be $5.85 per share and a net income of $5.33 per share. The company also saw a 22% y-o-y increase in medical membership, which stood at 22.2 million. The fourth quarter operating revenue also saw a jump of 47% over the same period last year to $13.1 billion. Read more

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2014 Cognizant's Global HealthCare Research Institute, Confidential

Major Trends in US Healthcare

B. Leadership announcements
Humana announced that CAC-Florida Medical Centers (CAC) CEO Mark Kents position has been elevated to Regional President. His new role will expand to Humana-owned, Florida-based primary care practices, including CAC, MetCare and Continucare. CAC witnessed tremendous growth under Kents leadership. It has expanded to 19 full-service, multi-specialty medical centers, expanded its South Florida presence into Broward County, and opened two new centers in Tampa. Kent is a nurse by training and holds a Master of Business Administration degree from Purdue University. Read more

Volume 21, Feb 14

WellPoint in News
A. New revenue streams
WellPoint has collaborated with Healthways to provide access to Dr. Dean Ornish program for reversing heart disease to its plan members across 14 states. The program provides qualitative assessment, tracking and management of key factors such as eating patterns, stress responses, physical activity levels of members who suffer cardiac problems. Read more

B. New initiatives
To enhance the member experience for visually impaired health plan members, WellPoint announced that it will make its website, mobile applications and print information more accessible and inclusive. It has adopted web content accessibility guidelines (WCAG) and enhanced its system for providing information in braille, large print, electronic and audio versions. Read more WellPoint along with other companies and former senate members is planning to push telehealth policy. The goal is to provide better access to qualitative and efficient healthcare facilities and lift geographic restrictions for Medicare reimbursement for remotely delivered care. Read more

C. Performance
Humana declared a cash dividend to stockholders of $0.27 per th share payable on April 25 , 2014 to stockholders of record as of the close of business on March 31, 2014. Read more Humana announced fourth quarter and full year 2013 financial results. It has reported a loss per share for the quarter ended st December 31 , 2013 (4Q13) of $0.19, compared to diluted earnings per common share (EPS) of $1.19 for the quarter ended st st December 31 , 2012 (4Q12). For the year ended December 31 , 2013 (FY13) the company reported EPS of $7.73 compared to st $7.47 for the year ended December 31 , 2012 (FY12). Read more

C. Awards
Latina style magazine recognized WellPoint to be among top 50 workplaces that provide best opportunities for professional Latinas. Some of the parameters used for evaluation were involvement of Hispanic women as executives and board members, Hispanic community outreach, employee benefits etc. Read more Patient safety first, a statewide collaborative with WellPoints California affiliated health plan, has been awarded John M. Eisenberg patient safety and quality award. The award has been bestowed for improving patient safety, healthcare quality, reducing infections and deaths, and thereby reducing significant healthcare costs. Read more

UnitedHealth Group in News

A. New revenue streams
Optum, a division of the UnitedHealthcare group, acquired a majority stake in Audax health solutions after finalizing a cash, stock and working capital deal. The move aims to improve health care and make the health system work better. With this deal, Optum is set to benefit from the Audaxs multichannel digital platform reach. Read more

B. New initiatives
Optum Labs adds 7 new partners to their research collaborative. Optum Labs is currently involved in nearly 20 major research projects and aims to drive innovation in wellness and health care. Optum, along with its new partners, hopes to accelerate the pace of innovation and research in order to improve patient outcomes and care delivery by developing effective treatment methods. Read more

D. Performance
WellPoint declared an increase of more than 15% operational revenue but a decrease of 68% in profits, due to impairment costs, in its fourth quarter results. It expects an increased enrollment in individual and government health plans under ACA which will drive its revenue growth. Read more

C. Performance
UnitedHealth Group board has authorized the payment of quarterly dividend to its shareholders. A dividend of $0.28 per share will be paid on March 25, 2014 to the shareholders after UHG had announced an overall profit in the financial results declared last month. Read more

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2014 Cognizant's Global HealthCare Research Institute, Confidential