Discontinued — last reported Q4 '23
Network Pharmacy — Revenue
Cigna Network Pharmacy — Revenue increased by 8.9% to $18.43B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 10.2%, from $16.73B to $18.43B. Over 2 years (FY 2021 to FY 2023), Network Pharmacy — Revenue shows relatively stable performance with a 1.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growth in pharmacy benefit management volume, successful contract acquisitions, or expanded service utilization within the pharmacy network. A decrease may signal the loss of major contracts, pricing pressure in the PBM market, or a shift in client mix.
Detailed definition
This metric represents the total revenue generated by the company's pharmacy benefit management and specialty pharmacy s...
Peer comparison
Comparable to PBM and pharmacy services revenue reported by major diversified healthcare peers like CVS Health or UnitedHealth Group's OptumRx segment.
ci_segment_network_revenues_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $15.41B | $15.80B | $19.60B | $15.53B | $16.11B | $16.58B | $16.73B | $15.75B | $16.41B | $16.93B | $18.43B |
| QoQ Change | — | +2.5% | +24.1% | -20.8% | +3.7% | +3.0% | +0.9% | -5.8% | +4.2% | +3.2% | +8.9% |
| YoY Change | — | — | — | — | +4.5% | +5.0% | -14.7% | +1.4% | +1.9% | +2.1% | +10.2% |
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Frequently Asked Questions
- What is Cigna's network pharmacy — revenue?
- Cigna (CI) reported network pharmacy — revenue of $18.43B in Q4 2023.
- How has Cigna's network pharmacy — revenue changed year-over-year?
- Cigna's network pharmacy — revenue increased by 10.2% year-over-year, from $16.73B to $18.43B.
- What is the long-term trend for Cigna's network pharmacy — revenue?
- Over 2 years (2021 to 2023), Cigna's network pharmacy — revenue has grown at a 1.9% compound annual growth rate (CAGR), from $64.99B to $67.51B.
- What does network pharmacy — revenue mean?
- Total revenue earned from providing pharmacy benefit management and specialty pharmacy services.