PBMI Recognizes Cigna with Excellence Award for Cost Containment
March 07 2019 - 10:33AM
Business Wire
The Pharmacy Benefit Management Institute (PBMI) has recognized
Cigna Pharmacy Management1 with an Excellence Award for Cost
Containment for its multi-year effort demonstrating the value of
integrated benefits for its customers and clients. Results from
Cigna's 2018 Value of Integration study show that individuals who
have their medical, pharmacy and behavioral health benefits
connected and administered by Cigna have higher levels of
engagement in their health and well-being than those whose benefits
are not fully integrated, resulting in reduced total medical
costs.
“PBMI is dedicated to awarding organizations for their
contributions in promoting strategies that address the cost
challenges of prescription drug management for plan sponsors,” said
Jane Lutz, executive director, PBMI. “We commend Cigna for efforts
to tackle a long-standing and complicated healthcare challenge,
proving the value of integrated benefits.”
Results from the 2018 study showed increased customer engagement
and savings for Cigna clients with connected medical, pharmacy and
comprehensive behavioral health benefits over those with only
medical and standard behavioral benefits administered by Cigna.
Clients saved an average of $193 in medical costs for each covered
person and $645 annually for each covered person identified with a
health improvement opportunity. For engaged customers with a
specialty condition such as multiple sclerosis or rheumatoid
arthritis, clients saw average medical cost savings jump to $9,792
per year.
When benefits were integrated, 22 percent more people engaged in
health coaching and case management programs. High-cost medical
claims for customers were reduced by 9 percent.
“Addressing the whole person in a truly connected manner across
medical, pharmacy and behavioral continues to drive greater and
deeper health engagement, leading to better results for our
customers and clients,” said Chris Bradbury, senior vice president,
Cigna.
About the Pharmacy Benefit Management Institute
The Pharmacy Benefit Management Institute (PBMI) is the nation’s
leading provider of research and education that informs, advises,
and influences the industry on topics related to drug cost
management. PBMI offers research, continuing education, and
web resources to help all critical stakeholders work better
together to optimize the overall value of drug benefit programs.
Learn more at www.pbmi.com.
About the Study
Cigna conducts the Value of Integration Study annually to assess
and evaluate opportunities to optimize health plan benefit designs.
Cigna's 2018 Value of Integration Study examined approximately 4.9
million customer claims nationally from January 2016 to December
2017 from medical claims for group benefit plans. Approximately
half of the population had comprehensive medical, behavioral and
pharmacy benefits administered by Cigna while the other half had
only medical benefits with standard behavioral benefits
administered by Cigna. Customers were matched between the two
groups on key attributes, including demographics, health condition,
access to health improvement services, plan design and geographies.
Individual customer/client results may vary.
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to improving the health, well-being and peace of mind of
those we serve. Cigna delivers choice, predictability,
affordability and access to quality care through integrated
capabilities and connected, personalized solutions that advance
whole person health. All products and services are provided
exclusively by or through operating subsidiaries of Cigna
Corporation, including Cigna Health and Life Insurance Company,
Connecticut General Life Insurance Company, Life Insurance Company
of North America, Cigna Life Insurance Company of New York, Express
Scripts companies or their affiliates. Such products and services
include an integrated suite of health services, such as medical,
dental, behavioral health, pharmacy, vision, supplemental benefits,
and other related products including group life, accident and
disability insurance.
Cigna maintains sales capability in over 30 countries and
jurisdictions, and has more than 160 million customer relationships
throughout the world. To learn more about Cigna®, including links
to follow us on Facebook or Twitter, visit www.cigna.com.
1Cigna Pharmacy Management® is a division of Cigna Health and
Life Insurance Company that performs PBM services for
Cigna-affiliated health plans and other clients.
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Ellie Polack860-902-4906elinor.polack@cigna.com
Cigna (NYSE:CI)
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