Aetna reported operating revenues of $14.7 billion for the third quarter of 2014, which was a 13 percent increase over the $13 billion for the third quarter of 2013. Growth in Aetna’s medical membership, which was 23.6 million as of Sept. 30, was one of the key drivers of the increase in operating revenues.
Aetna’s total medical benefit ratio declined to 82.3 percent in the third quarter of this year from 83.1 percent during the same quarter in 2013. However, the ratio rose by 0.5 percent on the commercial side due to rising costs, such as those associated with pricey hepatitis C treatments.
Based on its third-quarter results, Aetna raised its earnings projection range from $6.45 to $6.60 per share to $6.60 to $6.70 per share.
More articles on healthcare finance:
LifePoint reports strong Q3 financial results, expects trend to continue
For-profit hospital stock report: Week of Oct. 20-24
5 most-read finance stories: Week of Oct. 20-24
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.