The Cigna Group Foundation Launches Its Health Equity Impact Fund
Rhea-AI Summary
The Cigna Group Foundation has launched its Health Equity Impact Fund, committing $9 million in grants over three years to reduce health disparities in Hartford, CT and Houston, TX. The fund aims to address root causes of health inequities by collaborating with local nonprofit organizations. In Hartford, where significant racial and ethnic health disparities exist, the fund will focus on:
- Expanding culturally appropriate care models
- Increasing access to transportation for health visits and physical activities
This initiative is part of The Cigna Group's (NYSE: CI) broader commitment to community health, which includes a recent $27 million multiyear philanthropic initiative focusing on youth and veteran mental health, and reducing barriers to health equity.
Positive
- Commitment of $9 million over three years to address health disparities
- Targeted approach focusing on specific geographies with significant health inequities
- Collaboration with local nonprofit organizations to maximize impact
- Data-led approach to identify funding program goals
- Part of a larger $27 million philanthropic initiative addressing various health issues
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CI declined 0.01%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Commits
Beginning in the
The Cigna Group Health Equity Impact Fund will focus on specific geographies where health disparities are significant and work collaboratively to support, convene, and collaborate with nonprofit organizations serving local community members to address root causes of health inequities. To optimize the level of impact in communities of need, the fund will operate on a hyper-local level in select cities located within The Cigna Group's priority states, starting with
"Health equity is attained when every person has the opportunity to achieve their fullest health potential, regardless of economic, environmental, physical, or social circumstances," said Melissa Skottegaard, board chair of The Cigna Group Foundation. "We know that
The lack of primary care, limited access to reliable transportation and an overall lack of trust in the health care system are key drivers contributing to
- Expand the availability of providers and related community-based resources that reflect culturally appropriate care models.
- Increase access to transportation to attend health visits and healthy physical activities.
The Cigna Group Foundation has a long history of impactful partnerships with nonprofits, and recently announced a multiyear philanthropic and community engagement initiative that has committed
More information about the approach, application process, and requirements for The Cigna Group Health Equity Impact Fund can be found here.
About The Cigna Group
The Cigna Group (NYSE:CI) is a global health company committed to creating a better future built on the vitality of every individual and every community. We relentlessly challenge ourselves to partner and innovate solutions for better health. The Cigna Group includes products and services marketed under Cigna Healthcare, Evernorth Health Services or its subsidiaries. The Cigna Group maintains sales capabilities in more than 30 countries and jurisdictions and has more than 187 million customer relationships around the world. Learn more at thecignagroup.com.
About The Cigna Group Foundation
The Cigna Group Foundation is a private foundation funded by contributions from The Cigna Group (NYSE:CI) and its subsidiaries. The Cigna Group Foundation supports organizations sharing its commitment to enhancing the health of individuals and families, and the well-being of their communities, with a special focus on those communities where employees of The Cigna Group live and work.
Media Contact
Jocelyn Parker
(313) 510-4173
Jocelyn.Parker@CignaHealthcare.com
1 DataHaven 2023 Health Equity Report 082323.pdf (ctdatahaven.org)
2 Health-disparities-in-Connecticut.pdf (cthealth.org)
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SOURCE The Cigna Group