The Cigna Group is “exploring strategic alternatives” for Evernorth’s EviCore, a subsidiary that works with health plans on utilization management, including prior authorization. During an April 30 earnings call, incoming CEO Brian Evanko clarified that a transaction is not currently taking place. Cigna is considering partnerships or “a combination with other complementary industry participants.” “As our industry continues to make strong progress on standardizing and automating prior authorization services, we have decided to initiate a strategic review of alternatives for EviCore,” he said.
Read the full article: Cigna Weighs ‘Strategic Alternatives’ for Prior Auth, Utilization Management Subsidiary //
Source: https://www.beckerspayer.com/m-and-a/cigna-weighs-strategic-alternatives-for-prior-auth-utilization-management-subsidiary/