ELV 📈 Elevance Health - Overview

Elevance Health, Inc. is a prominent health benefits company in the United States, operating through a diverse range of segments, including Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. This multifaceted approach enables the company to offer a broad spectrum of health plans and services to its program members, as well as an array of fee-based administrative managed care services. Additionally, the company provides specialty and other insurance products and services, such as stop loss, dental, vision, life, disability, and supplemental health insurance benefits, catering to the varied needs of its customers.

The company's operations extend to the pharmacy services business, where it markets and offers an extensive range of services, including pharmacy benefit management, home delivery, and specialty pharmacies. Furthermore, it provides claims adjudication, formulary management, pharmacy networks, rebate administration, a prescription drug database, and member services, demonstrating its commitment to comprehensive healthcare solutions. Elevance Health, Inc. also delivers healthcare-related services and capabilities, including utilization management, behavioral health, integrated care delivery, palliative care, payment integrity services, subrogation services, and health and wellness programs, underscoring its focus on holistic care.

In addition to its core services, the company is involved in the National Government Services business, providing services under the esteemed Anthem Blue Cross and Blue Shield, Wellpoint, and Carelon brand names. With a history dating back to 2001, Elevance Health, Inc. has established itself as a trusted entity in the healthcare industry, with its headquarters located in Indianapolis, Indiana. The company's evolution is marked by its name change from Anthem, Inc. to Elevance Health, Inc. in June 2022, reflecting its growth and expansion into new areas of healthcare. As a publicly traded company, Elevance Health, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol ELV, with its common stock classified under the GICS Sub Industry of Managed Health Care.