Elevance Health Inc - Company Profile
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Elevance Health Inc (Elevance Health) is a health benefits company. The company offers managed healthcare related products and administrative services. The company provides various specialty and insurance products and services including life, vision, dental, disability insurance benefits, and supplemental health insurance. Elevance Health offers its products and services to large and small groups, federal government, Medicaid and Medicare markets, and individuals. Its medical membership customers include Local Group, Individual, National Accounts, BlueCard, Medicare, Medicaid, and Federal Employees Health Benefits (FEHB). The company is an independent licensee of the Blue Cross and Blue Shield Association (BCBSA) and has a license for insurance operations across the US. Elevance Health is headquartered in Indianapolis, Indiana, the US.
Headquarters
United States of America
Address
220 Virginia Avenue, Indianapolis, 46204
Website
www.elevancehealth.com
Telephone
1 317 4886000
No of Employees
104,900
Industry
Financial Services
Ticker Symbol & Exchange
ELV (NYSE)
Revenue (2022)
$171.3B
9.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
1.6%
(2022 vs 2021)
Market Cap*
$122.2B
Net Profit Margin (2022)
XYZ
-7.2%
(2022 vs 2021)
* As of and is in US$
Elevance Health Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Preferred Provider Organization Products | Administrative Services | Anthem |
| Consumer-Driven Health Plans | Medicaid Plans and Other State-Sponsored Programs | |
| Health Maintenance Organization Products | Vision Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company entered into a partnership with Clayton, Dubilier & Rice to speed up innovation in primary care delivery, enhance the healthcare experience, and improve health outcomes. |
| 2024 | Acquisitions/Mergers/Takeovers | In March, the company acquired Paragon Healthcare, Inc., a provider of infusion services to patients. |
| 2024 | Contracts/Agreements | In March, CarelonRx entered into an agreement with Kroger to acquire its specialty pharmacy business. |
Competitor Comparison
| Key Parameters | Elevance Health Inc | UnitedHealth Group Inc | The Cigna Group | Humana Inc | Aetna Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Indianapolis | Hopkins | Bloomfield | Louisville | Hartford |
| State/Province | Indiana | Minnesota | Connecticut | Kentucky | Connecticut |
| No. of Employees | 104,900 | 440,000 | 72,500 | 67,600 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Elizabeth E Tallett | Chairman | Executive Board | 2018 | 73 |
| Gail K. Boudreaux | Director; President; Chief Executive Officer | Executive Board | 2017 | 62 |
| John E. Gallina | Chief Financial Officer; Executive Vice President | Senior Management | 2016 | 63 |
| Ronald W. Penczek | Chief Accounting Officer; Controller | Senior Management | 2015 | 58 |
| Kyle Weber | Chief Strategy Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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