Member access

4-Traders Homepage  >  Shares  >  Nyse  >  CIGNA Corporation    CI   US1255091092

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisionsForum 

CIGNA Corporation : Cigna's Growth Hormone Initiative Wins CQIA Innovation Award

06/15/2012| 10:30am US/Eastern
Recommend:
0

  • Cigna's Growth Hormone Initiative saves clients and customers $13.1 million in total medical costs
  • Program wins CQIA Innovation Award for quality improvement and business success

Cigna received a 2012 (silver) Connecticut Quality Improvement Award (CQIA) Innovation Prize during the 25th Anniversary Conference on Tuesday, June 5 at Saint Clements Castle in Portland, Connecticut.

John Poniatowski receives the CQIA prize on behalf of Cigna for the Growth Hormone Initiative. (Phot ...

John Poniatowski receives the CQIA prize on behalf of Cigna for the Growth Hormone Initiative. (Photo: Cigna)

"As a global health service company, Cigna is focused on making medications affordable, improving total health outcomes, and providing superior service to our customers," said John Poniatowski, Clinical Program Director for Cigna Pharmacy Management. "Through our growth hormone initiative we were able to help clients and customers receive quality care and save money. We are proud to be recognized for this achievement."

Driven by frequent cost increases, growth hormone drugs have an estimated annual growth rate of 22%. Growth hormone can cost thousands of dollars per prescription.

Children and adolescents born with growth hormone deficiency do not produce normal levels of growth hormone, resulting in growth failure and short stature. Growth hormone replacement therapy can help these individuals' growth and development.

Cigna identified approaches that maintained beneficial clinical outcomes and service experience for customers, clients, and doctors while reducing their costs. Growth hormone (generically known as somatropin) is a "specialty drug" - complex and expensive. A committee comprised of doctors and pharmacists, both internal and external to Cigna, reviewed data and clinical guidelines and determined that the seven brands of growth hormone are clinically equal. By identifying two of the seven growth hormones as "preferred" on Cigna's drug list, Cigna has been able to lower costs for clients and customers, saving $13.1 million in total medical costs.

For the past 25 years, the CQIA has been the State's annual quality award, recognizing Connecticut companies that excel in managing quality improvement for business success and growth.

The CQIA is America's first state level award using the Malcolm Baldrige National Quality and Innovation Award for Performance Excellence named for a former Connecticut CEO who led the U.S. Commerce Department during President Ronald Reagan's administration.

About Cigna

Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy and vision care benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has approximately 70 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50312444&lang=en

Cigna Corporation
Janet Brown, 860-226-4811
janet.brown@cigna.com


© Business Wire 2012
Recommend :
0
Partner Area
React to this article
 
Latest news on CIGNA CORPORATION
3h ago CIGNA CORPORATION: Cigna Wins a Best Employer for Healthy Lifestyles® Award fro..
1d agoDJCalifornia Exchange May Have Lower Health Insurance Premiums Than Expected
2d ago CIGNA CORPORATION: Virtual Global Healthy Workplace Summit Available on Cigna.c..
3d ago CIGNA CORPORATION: Cigna Assists People Affected by Oklahoma Tornado
7d ago Two states say 2014 Obamacare insurance costs on low side
05/15 CIGNA CORPORATION: Cigna Teams with jobipedia.org to Offer Job-Seekers Free Adv..
05/15 CIGNA CORPORATION: The California Maternal Mental Health Collaborative Announce..
05/14 CIGNA CORPORATION: Cigna Celebrates Healthy Vision Month with National Eye Inst..
05/13DJCigna to Promote Thomas McCarthy to CFO Job
05/13 CIGNA CORPORATION: Cigna Names Thomas A. McCarthy as Chief Financial Officer; S..
Advertisement
Chart
Duration : Period :
CIGNA Corporation Technical Analysis Chart | CI | US1255091092 | 4-Traders
Income Statement Evolution
CIGNA Corporation : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.