Carelon Research
↗Wilmington, Delaware, USA
Carelon Research, formerly known as HealthCore, is a leading healthcare research organization and a wholly owned subsidiary of Elevance Health (formerly Anthem, Inc.). The company specializes in real-world evidence (RWE), health economics and outcomes research (HEOR), safety and epidemiology, and clinical research. It is recognized for its extensive Healthcare Integrated Research Database (HIRD), which contains longitudinal claims and clinical data for over 80 million lives across the United States.
As a strategic research arm within the Carelon brand, the company partners with life sciences firms, government agencies, and academic institutions to generate insights that improve clinical practice and health outcomes. Its services range from traditional clinical trial management to sophisticated data licensing of analysis-ready real-world datasets, which it launched for direct access in early 2025. The organization plays a critical role in evaluating the safety, effectiveness, and value of pharmaceutical and biotechnological products in real-world settings.
CLASSIFICATION
SIZE & FINANCIALS
Employees:1001-5000
Revenue:$1B-$5B (estimated for research unit; $53.9B for total Carelon segment)
Founded:1996
Ownership:subsidiary
Status:operating
FUNDING
Stage:M&A
Investors:Elevance Health
STOCK
Exchange:NYSE
Ticker:ELV
Market Cap:$90B - $100B (Parent)
PIPELINE
Stage:Commercial
Lead Drug Stage:N/A (Service Provider)
Modalities:Small molecule, Biologics, Gene therapy, Medical Devices
Active Trials:0
Trial Phases:-
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Parent Company:Elevance Health
Acquired By:Elevance Health (formerly Anthem, Inc.) (2003-11-01)
Key Partnerships:National Institutes of Health (NIH) - Research collaborations, Centers for Disease Control and Prevention (CDC) - Public health surveillance, Multiple Top-20 Global Pharma Companies - HEOR and RWE projects
COMPETITION
Position:Leader
Competitors:IQVIA, Optum (UnitedHealth Group), Merative (formerly IBM Watson Health), Flatiron Health, ICON plc, PPD (Thermo Fisher Scientific)
LEADERSHIP
Key Executives:
Mark Cziraky - President
Ozgur Tunceli - Principal Scientist
Scientific Founders:HealthCore, Inc. founders
LINKS
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