Elevance Health Inc. (formerly Anthem, Inc.)
Overview
Elevance Health Inc., previously functioning as Anthem, Inc., stands as a distinguished player in the health insurance industry. Situated at 220 Virginia Ave, Indianapolis, Indiana, the company is publicly traded under the stock symbol ELV on the New York Stock Exchange. The transition to "Elevance Health" marks a deliberate shift to amplify its role in the healthcare realm beyond traditional insurance offerings.
Business Operations
Elevance Health delivers a broad spectrum of managed healthcare services, inclusive of:
- Medicare
- Medicaid
- Medical
- Dental
- Vision
- Pharmacy insurance plans
These services target multiple market segments, such as individuals, families, and employers, striving to simplify healthcare access and delivery. By utilizing integrated benefit solutions and cutting-edge technologies like SAS Viya and Spring Boot, Elevance Health places a strong emphasis on tech-enhanced health management.
Leadership
The executive team at Elevance Health is led by Gail K. Boudreaux, serving as President and Chief Executive Officer since 2017. Supporting her leadership are:
- John E. Gallina, Executive Vice President and Chief Financial Officer
- Elizabeth E. Tallett, Chairman of the Executive Board
- Morgan Kendrick, Executive Vice President, President of Commercial and Specialty Business Division
- Felicia F. Norwood, Executive Vice President, President of Government Business Division
Their collective expertise drives the company's strategic vision and adaptation within the dynamic healthcare sector.
Financial Performance
As of November 2024, Elevance Health's annual revenue was reported at $7.5 million. The company's classification under NAICS code 62 reflects its robust standing within the health care and social assistance industry.
Market Position & Partnerships
Elevance Health is recognized among the leading global health benefits companies, competing with entities such as Blue Cross Blue Shield Association and UnitedHealth Group. The company actively seeks partnerships with hospitals and other healthcare organizations to strengthen healthcare delivery through strategic alliances.
Corporate Evolution
The rebranding to Elevance Health underscores a strategic mission to approach healthcare more comprehensively and responsively. This evolution harmonizes with its goal to enhance healthcare experiences by addressing clients' multifaceted and interconnected needs.
Contact Information
- Website: [elevancehealth.com](https://www.elevancehealth.com/)
Competitor Overview
Anthem, Inc.
Company Overview
Anthem, Inc., now operating as Elevance Health, has carved out a prominent position in the U.S. health insurance market under various brand names, including Blue Cross and Blue Shield.
Financial Performance (Previous Metrics)
Anthem has showcased strong financial stability with key financial metrics such as:
- Revenue: Significant growth, totaling USD XX billion for the latest fiscal year
- Net Income: Reported at USD XX billion, indicating a solid profit margin
- Earnings Per Share (EPS): Demonstrated positive trends, quoted at USD XX per share
Market Position and Competitive Landscape
Through strategic partnerships and a wide-ranging product lineup, Anthem has maintained a competitive stance. Its primary competitors include UnitedHealth Group, Humana Inc., and Aetna.
- Market Share: An estimated XX% of the health insurance market
- Growth Rate: Recorded year-over-year growth of YY%, driven by increased enrollments and innovative services
Strategic Interests and Initiatives
Anthem's initiatives focus on digital healthcare transformation:
- Telehealth Services: Expanded telemedicine offerings
- Value-Based Care Models: Investments in patient outcome-focused models
- Partnerships and Collaborations: Alliances with tech firms for AI integration in healthcare
Leadership and Professional Interests
Anthem's executives emphasize healthcare innovation and policy reform. Their areas of interest include:
- Healthcare policy reform
- Sustainable healthcare models
- Integration of technology in healthcare
Note: Maintain awareness that the current brand and strategic initiatives fall under the Elevance Health banner, with Anthem, Inc. serving as a historical reference reflecting their positioning and transformations.
