Beckers: Cigna terminates contract with Tennessee anesthesia provider

Cigna terminated its contract with Knoxville-based American Anesthesiology of Tennessee, an affiliate of North American Partners in Anesthesia, on Jan. 1, the medical practice said. “Cigna’s aggressive actions toward physician groups like ours is part of a disturbing national trend,” Matthew Walsh, MD, NAPA’s regional vice president of clinical operations, told Becker’s in a statement.…

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Cigna kicks Tennessee anesthesia provider out of network

Cigna continues to reduce its statewide network of healthcare providers by terminating agreements with trusted healthcare providers. One of the latest victims: American Anesthesiology of Tennessee, a quality provider of anesthesia care at hospitals and healthcare facilities across Tennessee. “Cigna’s aggressive actions toward physician groups like ours is part of a disturbing national trend. Insurers…

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Cigna rakes in billions in profits

Cigna reported that it earned more than $2.7 billion in profits during the first half of the year. The insurer saw profits jump 24% last year, earning $6.7 billion in profits during 2022. That ranked second among all health insurers, behind only UnitedHealthcare. This year, Cigna’s second quarter profits were fueled by a sharp increase…

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US Justice Department: Cigna to pay $172 million fine for false claims

The United States Justice Department has announced that Cigna will pay $172,294,350 to resolve allegations that it violated the False Claims Act by submitting and failing to withdraw inaccurate and untruthful diagnosis codes for its Medicare Advantage Plan enrollees. The false claims were designed to increase Cigna’s payments from Medicare. Cigna also recently announced that…

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