{ }
New York state regulators are implementing new rules to enhance competition and transparency among pharmacy benefit managers (PBMs) like CVS Health, Cigna, and UnitedHealth. Starting this month, PBMs will be required to publish their drug coverage lists and pharmacy directories, prohibited from directing patients to their own pharmacies, and allowed local pharmacies to provide mail-order and home delivery services.
The Asia Pacific Healthcare IT market is projected to grow from US$ 50,155.79 million in 2023 to US$ 193,702.26 million by 2031, achieving a CAGR of 18.4% from 2024 to 2031. This growth is driven by the increasing demand for digital healthcare solutions, enhanced patient data management, and the rise of telemedicine and AI technologies. Key players include Epic Systems, Oracle, and GE HealthCare, among others.
Johnson & Johnson (JNJ) has seen a year-to-date gain of 3.40%, significantly lagging behind the S&P 500's 22.48% rise. The company recently launched innovative fracture management technology and completed the acquisition of V-Wave Ltd. to enhance its heart disease treatment offerings. For Q3 2024, JNJ reported a 5.2% increase in sales to $22.47 billion, with analysts projecting a 4.3% revenue growth for the fiscal year, reflecting strong fundamentals and a "Strong Buy" rating.
Cigna Group reported third-quarter revenues of $63.7 billion and adjusted earnings per share of $7.51, with a forecast of at least 10% EPS growth by 2025. The company plans to use proceeds from the sale of its Medicare business for share buybacks, while facing challenges such as reduced net investment income. Cigna's telemedicine services and specialty pharmacy offerings continue to expand, supporting its optimistic outlook for future growth.
The global telemedicine market, valued at USD 97.48 billion in 2022, is projected to grow to USD 430.72 billion by 2031, with a CAGR of 17.95%. This growth is driven by changing consumer preferences, technological advancements, and a focus on sustainability, alongside strategic insights into market trends and competitive landscapes. Key players include Teladoc Health, Oracle Corporation, and General Electric Company, with significant opportunities identified across various regions and market segments.
The U.S. health insurance industry, particularly Health Maintenance Organizations (HMOs), is poised for growth due to rising premiums and increasing Medicare demand as the population ages. While investments in telehealth are essential to meet digital healthcare needs, high technology costs may pressure profit margins. Additionally, a nationwide shortage of medical staff could impact care quality and membership retention, yet companies like UnitedHealth, Cigna, Humana, and Molina Healthcare are well-positioned to navigate these challenges.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.