Elevance Health Inc, a leading health benefits company in the United States, operates through four key segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. These segments work together to provide a comprehensive range of health plans, services, and products to its program members.
The company's Health Benefits segment offers a diverse portfolio of health insurance products, including stop loss, dental, vision, life, disability, and supplemental health insurance benefits. Additionally, it provides fee-based administrative managed care services, enabling clients to outsource specific healthcare management functions.
The CarelonRx segment focuses on pharmacy services, including pharmacy benefit management, home delivery, and specialty pharmacies. This segment also offers claims adjudication, formulary management, pharmacy networks, rebate administration, and a prescription drug database, making it a one-stop-shop for pharmacy-related needs.
The Carelon Services segment provides a wide range of healthcare-related services and capabilities, such as utilization management, behavioral health, integrated care delivery, palliative care, payment integrity services, subrogation services, and health and wellness programs. This segment also offers services related to data management, information technology, and business operations, making it a valuable partner for healthcare organizations.
In addition to these segments, Elevance Health Inc is involved in the National Government Services business, which provides healthcare services to government-sponsored programs. The company operates under the Anthem Blue Cross and Blue Shield, Wellpoint, and Carelon brand names, offering a trusted and recognizable presence in the healthcare industry.
With a rich history dating back to 2001, Elevance Health Inc, formerly known as Anthem, Inc., rebranded in June 2022 to reflect its evolving focus on whole-person health and well-being. Headquartered in Indianapolis, Indiana, the company continues to drive innovation and excellence in the healthcare industry.