Advertisement

Compensation Issues

Highmark has avoided more than $1 billion in costs through its value-based reimbursement program for primary care physicians, the integrated health insurer and provider said Oct. 5.

Premera Blue Cross is cutting about 285 positions, or roughly 8 percent of its workforce, due to the economic effects of COVID-19, according to My Edmonds News.

Advertisement

Detroit-based Henry Ford Health System said it is investing about $6 million annually to raise its minimum wage to $15 per hour for full-time, part-time and contract employees.

Blue Cross and Blue Shield of Texas is providing about $104 million in premium credits to members with fully insured employer coverage, the insurer said Oct. 7.

CVS Health-owned Aetna is eliminating an undisclosed number of jobs at its Hartford, Conn.-based headquarters, according to the Journal Inquirer.

Humana released results from its value-based programs for the past year, estimating that it saved $4 billion in healthcare expenses that would have been recorded under fee-for-service models. 

Advertisement