Cigna will look for more partnerships in 2020 following earlier deals announced in the last two ... [+] months with Oscar Health and the PBM Prime Therapeutics, CEO David Cordani Said Feb. 6, 2020. “A key point of differentiation and a growth driver for Cigna in 2020 and beyond is our orientation toward partnering,” Cordani told analysts Thursday morning on a call to discuss the company’s fourth quarter 2019 earnings. “Starting in April 2020, together we will make pharmacy care more affordable by enhancing pharmacy networks and pharmaceutical manufacturer value for Prime’s 28 million members,” Cordani told analysts. Under Cigna, Express Scripts is already projected to continue to grow in 2020 boosted in part by business growth that includes a high rate of retention of 97% for Express Scripts PBM customers, Cordani said Thursday. Net income nearly doubled to $5.1 billion, or $13.44 per share, compared with $2.6 billion, or $10.54 per share in 2018.

Source: Forbes February 06, 2020 14:27 UTC