Cigna invests $250 million to speed growth, innovation

Cigna sign

What's New

Continuing its health care venture activity, Cigna has put up $250 million to fund early- and growth-stage startups. Overseeing these investments, Cigna Ventures will target nine business lines across three sectors: insights and analytics, digital health and retail, and care delivery and management. This comes on the heels of the payer's investments in Omada Health, Prognos, Contessa Health, MDLIVE and Cricket Health.

What It Signals

Cigna is expanding its investment portfolio to drive innovation in such areas as improving risk assessment, health care network optimization and patient care plan assessment, notes HealthPayer Intelligence. At the same time, the payer aims to create additional return on investment for its health care business. Cigna is not alone in this strategy. UnitedHealth Group, the nation's largest insurer, announced in November that its Optum health services business unit was launching Optum Ventures, a $250 million venture fund with a similar focus on investing in startup and early-stage firms to help transform health care.

What It Means

Regardless of whether these venture capital plays succeed — and there are always big risks — large payers like Cigna, Aetna and UnitedHealth signal a more active role in driving health care transformation. Cigna made that clearer just days before the Cigna Ventures news when it said its shareholders had approved a $67 billion merger with Express Scripts, which the Justice Department cleared Sept. 17. This move will expand the ability of both companies to use member data to create more seamless patient experiences.

Related Resources

Case Studies
Carrollton, Georgia Through its Get Healthy, Live Well initiative, the Georgia-based health system has increased the number of community residents adopting…
Case Studies
Grand Rapids, Michigan The western Michigan-based health system’s Healthier Communities initiative oversees and funds dozens of hands-on…
Case Studies
Naples, Florida The Southwest Florida system and its partners are raising health and well-being scores by sponsoring a Blue Zones Project®, a comprehensive…
p, li { font-size: 16px; } .scanLand { margin-bottom: 30px } .scanLand img { float: right; width: 50%; max-width…
Brian Gragnolati shares insights from his organization — Atlantic Health System in New Jersey — on how they are tackling some of today’s biggest issues,…
Presentation Resource
This presentation highlights the AHA Center for Health Innovation’s Market Insights report on telehealth. It focuses on the role of…