Cigna’s Evernorth subsidiary purchasing MDLive in bid to expand telehealth services

Truman Slate

Telehealth has occur of age throughout the COVID-19 pandemic, and big insurance company Cigna is betting on it continuing, with its health care expert services subsidiary Evernorth poised to obtain telehealth company MDLive.

Economic phrases ended up not disclosed, but the deal is envisioned to close in the second quarter of this 12 months. When it does, it will convey telehealth abilities in-property, whilst normally insurers spend for virtual care expert services through contracts.

Cigna and Evernorth executives promised an cost-effective and practical encounter. They also pointed out an opportunity to serve thousands and thousands far more folks, a prediction that may perhaps have some excess weight to it specified the numbers: With far more and far more folks latching on to remote care platforms, virtual care was envisioned to account for far more than 20% of all healthcare visits in the U.S. in 2020, which in convert was projected

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