May 17, 2020

Aetna's Earnings Boost Points to their Happy and Healthy Future

Admin
3 min
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Written by Alyssa Clark Aetnas Earnings Boost Points to their Happy and Healthy Future With second-quarter earnings just being tallied, everyone is an...

Written by Alyssa Clark

 

Aetna’s Earnings Boost Points to their Happy and Healthy Future

With second-quarter earnings just being tallied, everyone is anxiously awaiting to see who continues to climb to the top of the ladder in the healthcare world, and who is dropping down the ever-slippery slope. Aetna’s second-quarter numbers do more than point to their healthy totals and obviously positive future ahead— they show just how much this company’s commitment to patient care and well-being has truly paid off.

Jumping 17 percent in the second-quarter, health care provider Aetna has stunned consumers and industry competition by coming out as an overall, triple threat. With dedication, compassion and education, Aetna has made a name for itself as the company to be on the lookout for as our medical industry becomes more and more competitive as time goes on.  This health insurer collected revenue and other gains from its recent purchase of Coventry Health Care, another industry health insurance agency.

Now climbing to peak position within the second-quarter, and daunting its surrounding insurance competition, Aetna has become the one contender to watch out for as the hunt for the prime position as the favorite of the consumer becomes more and more cutthroat.

One extension of Aetna’s in particular, the Hartford, Conn., branch said it earned $536 million in three months as of June 30th of the year. One of Aetna’s branches earned more than other health insurers entire quarter total, and it is this kind of astronomical leap in financial success that has other insurance companies shaking in their respective boots. Not only demonstrating one-quarter’s earning potential, but this new total has show the ability that Aetna has to ever-increase and push their inherent potential.

With the totals from last year’s second quarter being $457.6 million, an almost $100 million increase was accrued in just one year alone. In such tough economic times, consumers and other healthcare industry professionals alike are awe-struck by what this kind of recorded number could mean for Aetna’s future.

Comparing the original share cost of $1.40 of last year’s second-quarter, to this year’s $1.49 per share cost, the proof is in the pudding in terms of which medical insurer you should be investing your money into when the time comes.

Aetna’s future is not only bright— it’s brilliant. Analysts are predicting that the company’s share price will average out to be about $1.40 per share for this year, and that the company will gross a total of $11.9 billion in revenue by next quarter alone.

If we start to talk about 2013 on the other hand, the numbers begin to shock you even more. Researchers say that by 2013, industry executives, consumers and other healthcare insurers can expect Aetna’s share price to jump to $5.80 and $5.90 per share, which is even higher than the previous estimate which was $5.70 and $5.85 per share.

These kind of numbers speak to the amount of potential this company maintains, and for Aetna, the demand to be the best is tangible and everyone there is carrying it around with them, all the way to the bank. 

 

About the Author

Alyssa Clark is the Editor of Healthcare Global

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May 12, 2021

OMNI: First-ever platform to launch citizen RPA developers

RPA
Automation
Digitaltransformation
citizendeveloper
3 min
OMNI is empowering employees to become ‘citizen RPA developers’, democratising automation and other AI technologies

Robotic process automation (RPA) is the fastest growing segment of the enterprise software market due to its many benefits - from reducing manual errors to processing tasks faster. For businesses to truly benefit from this technology, RPA needs democratisation, and this is where citizen RPA development comes in. 

Gartner describes a citizen RPA developer as "a user who creates new business applications for consumption by others using development and runtime environments sanctioned by corporate IT.” This could be anyone using IT tools and technology, not limited to IT specialists. 

The work citizen RPA developers do spans from identifying automation opportunities to developing RPA architecture and solution proposals, focusing on scalability and extensibility. By deploying citizen RPA developers, organisations can enable enterprise automation and digital transformation on a much larger scale. 

This is particularly beneficial for businesses struggling to undertake digital transformation, as a citizen RPA development programme can help drive adoption of automation as a strategic growth driver at multiple levels. With increased adoption, the cost of digital transformation becomes lower, increasing RoI. 

Technology needs to be democratised – right from low-code and no-code platforms, business process modelling and identifying automation opportunities to decision-makers at all levels, creating a pool of early adopters. This group could comprise people across different functions, especially those who are aware of customer preferences, industry trends and end user experience.

But how can organisations harness the power of citizen RPA development? Step forward AiRo Digital Labs, a Chicago-headquartered global tech company. 

AiRo provides innovative digital and automation solutions for the healthcare, pharmaceutical and life sciences sectors. In 2021 they launched OMNI, a subscription-based, SaaS platform to help clients accelerate their citizen RPA developer program and build digital centres of excellence (COE) within their organisation. 

OMNI provides a personal RPA coach and virtual digital playground that helps enterprises rapidly build and scale automation, removing the risk of failure or talent gaps. The latter is key as research has shown that digitalisation is far more successful when championed by internal employees. 

This has the added bonus of empowering employees - who will self-learn technologies including robotic process automation (RPA), artificial intelligence, machine learning, chatbots, and natural language processing (NLP), reducing the lead time for new applications and technology, as well as reducing technical gaps, making up for skills shortages and enabling their business to respond faster to critical market challenges. The virtual sandbox within OMNI gives access to all the major intelligent automation platforms where citizen RPA developers can build DIY digital prototypes. Additionally, they can access more than 150 digital assets within OMNI marketplace. 

The platinum helpdesk of OMNI acts as your personal coach and is available 24 x 7 to address issues during the digital learning, prototype building, and digital governance journey.  

Another key benefit is that it enables digitalisation to be bespoke to each organisation, compared to off-the-shelves initiatives plugged into the enterprise. Individual organisation's objectives decide the scope and size of the process. 

As Gartner state, in today’s world of SaaS, cloud, low-code and “no-code” tools, everyone can be a developer. 

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