Cigna

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Our AI found unexpected things about Cigna Stock.

How much time have you spent trying to decide whether investing in Cigna? Many investors start with the dream of being free. They expect to find on the stock market an option to have time to develop their own interests and hobbies. That is, a way to escape a 9 to 5 job. However, investment is complex and investors end up spending whole days (and nights) trying to figure out which the right stock to invest is. The dream of stock investing becomes the nightmare of facing infinity amounts of information. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Cigna are: claim, Cigna, …

Concept Map

Semantic Network

Stock Summary

The Cigna Group provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, distribution and management solutions. Its CignA Healthcare.

Today's Summary

Lawsuit claims Cigna used algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. Lawsuit alleges that Cignas actions violate California state law.

Today's News

Cigna accused of using an algorithm to automatically reject patient claims. Lawsuit alleges that Cignas actions violate California state law. Lawsuits allege CignA is relying on an algorithm, called PxDx, that saves the insurer money. Cigna is being sued for allegedly using algorithms to deny claims. Plaintiffs Suzanne Kisting-Leung and Ayesha Smiley of California brought the suit on behalf of themselves and others in their class. They want the payments they say are owed to them. Lawsuit claims Cigna used computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. Lawsuit filed in California by plaintiffs Suzanne Kisting-Leung and Ayesha Smiley, who were denied coverage. Cigna Healthcare is a health benefits provider that advocates for better health through every stage of life. The company says the inaccurate portrayal of the PxDx – or procedure to diagnosis – process may lead to confusion. Cignas PXDX algorithm first came under fire in a ProPublica article in March. The insurer denied 300,000 requests for payments over two months in 2022 through the algorithm. Cigna Healthcare is accused of improperly rejecting thousands of patient claims using an algorithm. The class-action lawsuit, filed Monday in federal court in Sacramento, says Cignas doctors instantly reject claims on medical grounds without ever opening patient files. The lawsuit was filed on behalf of two CignA members in Placer and San Diego counties. Lawsuit claims health insurance giant Cigna used computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. Lawsuit filed on behalf of two members in Placer and San Diego counties who were forced to pay for tests after CignA denied their claims. The Cigna Group will release its second quarter 2023 financial results on Thursday, August 3, 2023, and will host a co-hosting of a conference. CignA Group announced today Chris DeRosa, President, U.S. Government, will assume leadership. Lawsuit says Cigna used algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required by California law. Lawsuit filed Monday in federal court in Sacramento, California, says doctors instantly reject claims on medical grounds without opening patient files. Connecticut-based health giant has 18 million U.S. customers. Cigna may be violating state laws by allowing medical directors to deny large batches of claims without reviewing members files through an automated claims review process called PxDx. ProPublica report said Cignas physicians denied more than 300,000 claims over two months in 2022.

Stock Profile

"The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. The company also offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. It distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The Cigna Group was founded in 1792 and is headquartered in Bloomfield, Connecticut."

Keywords

The game is changing. There is a new strategy to evaluate Cigna fundamental value, possible risks and most salient advantages. Investors have traditionally relied in reading large amounts of text to evaluate the fundamental value of a stock or company. However, the development of Artificial Intelligence (AI) tools is modifying the way investments are evaluated in markets. Today, machine learning, natural language processing and bigdata allow making this process automatic, reducing large amounts of text to the elements that have a higher activation in a neural network. We programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Cigna are: claim, Cigna, file, reject, patient, Lawsuit, California, and the most common words in the summary are: cigna, health, job, claim, healthcare, news, use, . One of the sentences in the summary was: Lawsuit alleges that Cignas actions violate California state law.. Other searches related to this term that the AI found were: stockmarketlive, livestock, stockmarketforbeginners, thestockmarket, stockmarkettoday, stockmarkettrading, stockmarketstocks, todaystockmarket, thestockmarket, marketnews, stockmarketnews, whatisstockmarket, usstockmarket, stockmarketopen. #cigna #health #job #claim #healthcare #news #use.