Home / Business and Economy / Cigna AI Promises $200M Savings for Patients
Cigna AI Promises $200M Savings for Patients
23 Jul
Summary
- AI tools will save customers $200 million over three years.
- Technology aims to reduce costly hospitalizations and emergency services.
- Clinical access will increase by 20% for patients with serious conditions.
Health insurer Cigna announced that its adoption of artificial intelligence tools is expected to save customers $200 million in medical costs over the next three years. This initiative aims to identify patients with complex health needs, thereby reducing the occurrence of costly hospitalizations and emergency services.
Cigna Healthcare president Bryan Holgerson stated the AI technology will connect more members to the company's employed clinicians, including nurses. This will empower its 1,250 clinicians to better manage patient care and provide earlier, customized support.
The company projects a 20% boost in clinical access for individuals with conditions like cancer and heart or kidney disease. Cigna also anticipates its AI will facilitate earlier detection of breast, colorectal, and lung cancers. Company data suggests customers utilizing these programs save approximately $2,000 annually.
This move by Cigna follows similar AI-driven initiatives from rivals UnitedHealth and CVS Health, indicating a broader industry trend towards leveraging technology to improve patient outcomes and manage healthcare costs.
