In other earnings news …
TAKEAWAY: While many other health insurers have limited their participation or fully exited Affordable Care Act exchanges because of losses and uncertainty in the marketplace’s future stability, Centene has expanded its footprint, swooping in to snap up the business
helped others have left behind. This boost fourth-quarter and full-year revenue.
TAKEAWAY: After a quarter of delayed contracts, Cerner Corp. hit record highs for deals closed in the fourth quarter of 2017. Notably, those bookings did not include task orders connected to Cerner’s contract with the VA to replace the agency’s electronic health record system. That contract has yet to be signed due to lingering questions around interoperability.
TAKEAWAY: Significant growth in Medicare Advantage premiums helped drive an increase in fourth-quarter revenue. Medicare membership grew 5.7% year over year to 8.6 million in 2017. Humana ended the year with 2.9 million individual Medicare Advantage members, 441,000 group Advantage members, and 5.3 million members enrolled in standalone prescription drug plans.