The nation’s second-largest health insurer saw total revenue spike 14.7 percent over last year to $17.7 billion, fueled in part by a 6.3 percent rise in membership to 35.8 million. Expenses for the quarter were also up 16.3 percent year over year, largely due to a $44.4 million increase in interest expenses, 40.7 percent higher than the previous first quarter.
More Articles on Health Insurers:
FDA Investigates Robotic Surgery Effectiveness
Humana, Lobbyists Cut Ties With Political Intelligence Firm
D.C. Health Plan Halts Payments to Providers, Owes $85M
800×600
WellPoint 1Q Income Up 3.4% (finance, fp)
Net income last quarter grew 3.4 percent for Indianapolis-based
health insurer WellPoint, according to its first quarter report ended March 31.
http://www.sec.gov/Archives/edgar/data/1156039/000119312513168647/d524740dex991.htm
The nation’s second largest health insurer saw total revenue
spike 14.7 percent over last year to $17.7 billion, fueled in part by a 6.3 percent
rise in membership to 35.8 million. Expenses for the quarter were also up 16.3
percent year over year, largely due to a $44.4 million increase in interest
expenses, 40.7 percent higher than the previous first quarter.
More Articles on Health Insurers:
Normal
0
false
false
false
EN-US
X-NONE
X-NONE
MicrosoftInternetExplorer4
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.
