Cigna's Owned Companies: An Overview of the Healthcare Giant's Subsidiary Enterprises
Cigna Corporation, a leading name in the health and insurance sector, operates through a network of subsidiaries and affiliates. The Cigna Health and Life Insurance Company, based in Bloomfield, Connecticut, serves as the flagship subsidiary, offering a wide range of insurance products and services.
Across the United States, numerous regional Cigna HealthCare subsidiaries cater to the health needs of various states. These include Cigna HealthCare of Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, North Carolina, South Carolina, Tennessee, Texas, St. Louis, and New Jersey.
Beyond these, Cigna's portfolio includes several specialized service providers. Evernorth Behavioral Health, Evernorth Care Solutions, Express Scripts (a pharmacy benefit manager), Accredo Health Group (a specialty pharmacy), Cigna Dental Health, Connecticut General Life Insurance Company, and others, each managing specific aspects of Cigna's offerings, such as medical insurance, dental insurance, specialty and pharmacy benefits, and behavioral health services.
Cigna's commitment to improving patient outcomes extends to preventative care and managing chronic conditions. The company places a strong emphasis on environmental, social, and governance (ESG) considerations, aligning its operations with its core values and broader mission.
Cigna fosters a culture that values employee feedback and encourages growth. The company's initiatives to involve employees in decision-making processes demonstrate a trust in their workforce's insights and capabilities. Cigna promotes whole-person health through personalized programs, with a focus on preventive and predictive solutions.
Innovation is at the heart of Cigna's strategy. The Innovation Hub at Cigna supports its goal to become a life-long health partner, providing personalized health solutions. Cigna Ventures, an initiative by the corporation, has allocated $450 million to drive growth and innovation in healthcare.
Cigna's operations extend beyond U.S. borders, with a significant footprint in global health services. The company has a presence in multiple jurisdictions, such as Belgium and China, as part of the larger Cigna Group. Cigna offers international health solutions and coverage to individuals around the world.
The company's corporate citizenship initiatives focus on enriching the lives within the communities it serves through healthcare outreach and responsible business practices. Cigna supports a healthy work-life balance, understanding that employee satisfaction impacts customer satisfaction.
Recent news suggests that Cigna may unite with Humana to expand its reach in the Medicare Advantage market. This potential merger underscores Cigna's ongoing commitment to growth and innovation in the healthcare sector.
[1] Cigna Corporation. (n.d.). About Cigna. Retrieved from https://www.cigna.com/about-us [2] Cigna Corporation. (n.d.). Subsidiaries. Retrieved from https://www.cigna.com/about-us/subsidiaries [3] Evernorth. (n.d.). About Evernorth. Retrieved from https://www.evernorth.com/about-us [4] Express Scripts. (n.d.). About Us. Retrieved from https://www.express-scripts.com/about-us
- Small business startups, such as Cigna Dental Health and Connecticut General Life Insurance Company, play significant roles within Cigna Corporation's diversified portfolio, each contributing to specific aspects of its offerings, like dental insurance and life insurance.
- In its bid for continuous growth and innovation within the healthcare sector, Cigna Corporation has allocated a considerable amount ($450 million) through Cigna Ventures to promote new strategies in health services and nurture emerging businesses.
- Expansion plans for Cigna Corporation might involve merging with Humana, with the aim of increasing its presence in the Medicare Advantage market, signifying a strategic commitment to the growth of small businesses within the health-and-wellness sector, particularly targeting the aging population.
