Colombia's healthcare services regulator assumed administrative control of certain health insurance providers to oversee compliance with their payment obligations and their financial and operating metrics - Form 6-K - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 16, 2024 Newswires
Share
Share
Post
Email

Colombia's healthcare services regulator assumed administrative control of certain health insurance providers to oversee compliance with their payment obligations and their financial and operating metrics – Form 6-K

U.S. Markets (Alternative Disclosure) via PUBT

Colombia's healthcare services regulator assumed administrative control of certain health insurance providers to oversee compliance with their payment obligations and their financial and operating metrics

Auna continues to receive regular payments from Nueva EPS and Sanitas EPS

Luxembourg, Grand Duchy of Luxembourg, April 15, 2024 - Auna S.A. (NYSE: AUNA) ("Auna" or "the Company"), a Latin American healthcare company with operations in Mexico, Peru and Colombia, today announced a business update regarding its operations in Colombia.

On April 2 and 3, 2024, the Colombian healthcare regulator, Superintendencia de Salud ("SUPERSALUD"), assumed temporary control of three providers ("EPSs") of general and mandatory health insurance plans in Colombia through an administrative intervention in order to oversee compliance with their payment obligations to healthcare service providers and with their financial and solvency requirements. These three EPSs are Sanitas EPS, a privately-owned insurance provider, Nueva EPS, a state-controlled insurance provider, and SOS EPS, a smaller regional insurance provider. SUPERSALUD noted that the interventions are preventive measures and are not intended to imply a reduction in the payment for healthcare services nor layoffs at the EPSs.

Nueva EPS is the largest EPS in Colombia, backed by the Colombian government, with over 10 million members, and represents approximately 7% of Auna's consolidated revenues. Sanitas EPS is not material to Auna and Auna does not have any business relationship with SOS EPS. Measures taken as part of these administrative interventions include the appointment of a general manager tasked with facilitating compliance by the affected EPSs with financial and solvency requirements, along with facilitating payments to private healthcare service providers directly through the Colombian agency tasked with managing funds contributed to the public healthcare system, Administradora de los Recursos del Sistema General de Seguridad Social en Salud ("ADRES").

The Colombian healthcare system operates through a publicly funded healthcare system that funnels payments through private insurance companies to private healthcare service providers, such as Auna. Over 80% of healthcare services in Colombia are delivered by these private healthcare service providers

and are paid for by private insurance companies. Private insurance companies receive most of their funding from ADRES.

Auna delivers healthcare services to Nueva EPS policy members, with a long-standing relationship, and thus regularly receives payments from Nueva EPS. Since the administrative intervention of Nueva EPS and Sanitas EPS, Auna has continued to receive payments related to services provided to Nueva EPS and Sanitas EPS policy holders, and Auna is not expecting payments to deteriorate.

Auna is closely monitoring developments in Colombia and will continue to inform the market of any material developments on this matter. Auna reiterates its mission of bringing healthcare access to the markets in the region in which it operates.

About Auna

Auna is a Latin American healthcare company with operations in Mexico, Peru and Colombia, prioritizing prevention and concentrating on high complexity diseases that contribute the most to healthcare expenditures. Our mission is to transform healthcare by providing access to a highly integrated healthcare offering in the underpenetrated markets of Spanish Speaking Americas. Founded in 1989, Auna has built one of Latin America´s largest modehealthcare platforms that consists of a horizontally integrated network of healthcare facilities and a vertically integrated portfolio of oncological plans and selected general healthcare plans. As of December 31, 2023, Auna's network included 31 healthcare network facilities, consisting of hospitals, outpatient, prevention and wellness facilities with a total of 2,308 beds, and 1.3 million healthcare plans.

For more information visit www.aunainvestors.com

Forward Looking Statements

This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the administrative intervention of the Colombian healthcare regulator in certain insurance institutions and related expectations about the receipt of payments by Auna from such insurance institutions, among others. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Auna's business and operations involve numerous risks and uncertainties, many of which are beyond the control

of Auna, which could result in Auna's expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Auna. Among the risks and uncertainties that could cause actual results to differ from those described in forward-looking statements are limitations on reimbursement and payment for health services from insurance institutions in Colombia, statutory and regulatory changes, administrative rulings, interpretations and determinations, funding restrictions and solvency risks of third-party payers. Additional information relating to the uncertainties affecting Auna's business is contained in its filings with the Securities and Exchange Commission. The forward-looking statements are made only as of the date hereof, and Auna does not undertake any obligation to (and expressly disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.

Investor Relations Contact

[email protected]

Attachments

  • Original Link
  • Permalink

Disclaimer

Auna SAA published this content on 16 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2024 10:05:45 UTC.

Older

Medicaid cuts prove burden for many

Newer

Cost of homeowners insurance soaring If US inflation reflected rising home insurance costs, it'd be even higher

Advisor News

  • EDITORIAL: Make responsible tax cuts, increases
  • Iowa House backs temporary tax hike to fill Medicaid gap
  • Advisors in Texas and California banned for fraud scams
  • House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
  • Iowa House backs temporary tax hike to fill Medicaid gap
More Advisor News

Annuity News

  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
  • How annuities can enhance retirement income for post-pension clients
  • We can help find a loved one’s life insurance policy
  • 2025: A record-breaking year for annuity sales via banks and BDs
  • Lincoln Financial launches two new FIAs
More Annuity News

Health/Employee Benefits News

  • Mark Farrah Associates’ Health Coverage Portal Simplifies Health Insurance Data Analytics
  • American healthcare: High $26,000 premiums and diminishing returns
  • Marion County Democrats turn out for 'Pancakes and Politics'
  • Commentary: Health care is the way for Democrats to win
  • Lincoln Financial Recognized for Leadership in the Advancement of Long-Term Care Planning
More Health/Employee Benefits News

Life Insurance News

  • Retirement Tax Worries on the Rise Among Americans, Allianz Life Study Finds
  • Lincoln Financial Recognized for Leadership in the Advancement of Long-Term Care Planning
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on UK Non-Life Insurance Segment Despite Elevated Geopolitical Risks
  • Murray Giles Hulse
  • New individual life premium hits record-setting $17.5B in 2025
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Press Releases

  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
  • YourMedPlan Appoints Kevin Mercier as Executive Vice President of Business Development
  • ICMG Golf Event Raises $43,000 for Charity During Annual Industry Gathering
  • RFP #T25521
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet