Elevance Health Inc - Company Profile
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Business Description
Elevance Health Inc (Elevance Health) offers health benefits services. It is an independent licensee of the Blue Cross and Blue Shield Association (BCBSA), an association of independent health benefit plans.
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Business Segments
Overview
Includes PBM business. It offers its products and services to affiliated health plan customers and to external customers outside of the health plans. Its service portfolio includes prescription drug database, formulary management, pharmacy networks, member services and mail order capabilities.
Performance
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Overview
Offers several managed care products, including preferred provider organizations (PPOs), health maintenance organizations (HMOs), traditional indemnity benefits and point-of-service plan (POS) plans and hybrid benefit plans. This segment includes local group, national accounts, and individual and specialty businesses. - Provides an array of managed care services to self-funded customers which include claims processing, underwriting, actuarial services, stop loss insurance, medical cost management, disease management, provider network access, wellness programs and other administrative services. Major specialty and other insurance products and services include dental, vision, behavioral health benefit services, radiology benefit management, analytics-driven personal health care guidance, life and disability insurance benefits and long-term care insurance.
Performance
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Overview
Offers National Government Services, Medicare and Medicaid businesses, and services provided to the Federal Government in connection with FEHB business. Its Medicaid business includes managed care alternatives through publicly funded health care programs, including state Children’s Health Insurance Programs, Medicaid, and Medicaid expansion programs. NGS acts as a Medicare contractor in several regions across the country. - Major services of the company include Medicare Part D, Medicare Supplement and Medicare Advantage, including Special Needs Plans (SNPs), dual-eligible programs.
Performance
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Overview
Consists of other businesses, which are not generating significant revenue, and corporate expenses not allocated to the other reportable segments.
Performance
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