Bruce Japsen

Chicago

Senior Contributor at Forbes

Senior Contributor @Forbes. Talking healthcare & biz @WBBMNewsradio @forbesonfox. Author: Inside Obamacare & Walmart's 2nd Opinion. Adjunct @UIOWA_SJMC. Hawkeye

Articles

CVS CEO Continues Management Shakeup With New CFO And Medical Officer

2 weeks ago | forbes.com | Bruce Japsen

CVS Health chief executive officer David Joyner named a new chief financial officer and chief medical officer as he fills out his new management team.
Walgreens Reports $2.8 Billion Loss As Private Equity Preps Takeover

2 weeks ago | forbes.com | Bruce Japsen

Walgreens Boots Alliance Tuesday reported a $2.8 billion loss in its second quarter thanks to a large impairment charge related to its struggling doctor-staffed clinic investment in VillageMD. Walgreens fiscal second quarter results for the period ending February 28 of this year are the first quarterly earnings reported since the company a month ago said it will become privately held in a takeover by the investment firm Sycamore Partners for more than $10 billion.
As Trump Ponders Health Cuts, Obamacare Grows In Red States He Won

2 weeks ago | forbes.com | Bruce Japsen

Enrollment in individual coverage under the Affordable Care Act, also known as Obamacare, is growing faster in states Donald Trump carried in the last election, according to a new analysis.
JPMorgan’s Health Unit To Invest In Small Business Health Plans

3 weeks ago | forbes.com | Bruce Japsen

JPMorgan Chase’s Morgan Health unit will invest in a company called Venteur to boost the venture’s effort to sell health plans to small and medium-sized U.S. businesses. In particular, Venteur sees a growing market of health plans known as “individual coverage health reimbursement arrangements” that became widely available during last fall’s open enrollment period under the Affordable Care Act.
Florida Blue CEO To Retire From Fast-Growing Health Insurer

3 weeks ago | forbes.com | Bruce Japsen

Pat Geraghty, the longtime top executive of one of the nation’s fastest-growing health insurance companies in Florida Blue, will retire at the end of this year, the company said. Geraghty, who is 65 years old, has been president and chief executive officer of GuideWell and Florida Blue since 2011 when he took over as CEO, growing the company into a nationwide provider of health benefits and medical care services.
The Doctors Company’s $1B Buy May Spur More Malpractice Insurer Deals

4 weeks ago | forbes.com | Bruce Japsen

News that The Doctors Company is spending $1.3 billion to buy ProAssurance and take the specialty medical insurer private could be a sign of more consolidation among companies in the business of selling medical malpractice coverage. The Doctors Company’s purchase comes with healthcare costs rising and a wave of consolidation and buyouts among physician practices of all sizes.
Cigna Closes $3 Billion Medicare Business Sale To Big Blue Cross Plan

1 month ago | forbes.com | Bruce Japsen

The Cigna Group has closed the sale of its Medicare health benefits businesses and a medical care provider services operation for $3.3 billion to Health Care Service Corp., the parent of five Blue Cross and Blue Shield health insurance plans.
Hospital-At-Home Startups Medically Home And DispatchHealth To Merge

1 month ago | forbes.com | Bruce Japsen

DispatchHealth and Medically Home - companies that work with health systems to provide hospital-level care at home – have agreed to merge, the firms announced Tuesday. Financial terms of the definitive agreement weren’t disclosed though those involved said Boston-based Medically Home will become part of DispatchHealth, which is based in Denver, once the deal closes “mid-year" 2025.
Cigna Shakes Up Management Ranks Amid Rising Costs

1 month ago | forbes.com | Bruce Japsen

The Cigna Group shook up its management team amid rising healthcare costs and pressure from employer clients to hold the line on spending. The announcement named Brian Evanko as president and chief operating officer at The Cigna Group, “with responsibility for all business lines reporting to Chairman and CEO David Cordani, effective March 31.” Evanko has led the company’s health insurance business, Cigna Healthcare, since January 2024, as that key unit’s president and CEO.
As Walgreens Preps For New Owner, CVS Health Tries Smaller Drugstores

1 month ago | forbes.com | Bruce Japsen

CVS Health is rolling out a new and smaller pharmacy format amid hundreds of drugstore closures across the industry and investor pressure to boost profits. CVS this year will rollout “smaller format” locations in at least a dozen locations, the Wall Street Journal reported over the weekend.