Elevance Health
↗Indianapolis, USA
Elevance Health is a leading American health insurance and managed healthcare company, formerly known as Anthem, Inc. It operates as the largest for-profit managed health care company in the Blue Cross Blue Shield Association, serving over 115 million people through its diverse portfolio of medical, digital, pharmacy, behavioral, and clinical solutions. The company is structured into two primary segments: Health Benefits (including Anthem and Wellpoint) and Carelon, its health services brand.
Through Carelon and CarelonRx, Elevance Health has significantly expanded its footprint in the pharmaceutical services sector, acquiring specialty pharmacies and infusion providers to integrate pharmacy benefits with whole-person care. The company leverages one of the largest health datasets in the U.S. to drive clinical research, digital health innovation, and value-based care models, positioning itself as a 'payvider' that both finances and delivers healthcare services.
CLASSIFICATION
Company Type:Digital Health
Therapeutic Areas:
Industry:Digital Health
Sub-Industry:Managed Healthcare and Pharmacy Services
SIZE & FINANCIALS
Employees:10000+
Revenue:$175B-$195B
Founded:2004
Ownership:public
Status:operating
FUNDING
Stage:Pre-IPO
Investors:Vanguard Group Inc., BlackRock, Inc., State Street Corp, Triodos Investment Management
STOCK
Exchange:NYSE
Ticker:ELV
Market Cap:$83.3B
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial
Modalities:Specialty Pharmacy Services, Infusion Therapy, Digital Health Solutions, Real-World Evidence (RWE)
Active Trials:33
Trial Phases:Phase 4: 33
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:Carelon, CarelonRx, Anthem Blue Cross and Blue Shield, Wellpoint, BioPlus Specialty Pharmacy, Paragon Healthcare, CareBridge, Amerigroup
Key Partnerships:Clayton, Dubilier & Rice (Mosaic Health joint venture), Digital Medicine Society (DiMe) for digital health quality standards, National Association of Community Health Centers (Food as Medicine integration)
COMPETITION
Position:Leader
Competitors:UnitedHealth Group (Optum), CVS Health (Aetna), Cigna (Evernorth), Humana, Centene Corporation
LEADERSHIP
Key Executives:
Gail Koziara Boudreaux - President & CEO
Mark Kaye - EVP & CFO
Peter D. Haytaian - EVP & President, Carelon
Scientific Founders:Larry Glasscock (Former CEO of Anthem), Leonard Schaeffer (Former CEO of WellPoint)
Board Members:Elizabeth Tallett (Chair), Bahija Jallal (CEO of Immunocore), Amy Schulman (Partner at Polaris Partners), Antonio Neri (CEO of Hewlett Packard Enterprise), Susan DeVore (Former CEO of Premier)
LINKS
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