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Elevance Health, Inc. - ELV STOCK NEWS

Welcome to our dedicated page for Elevance Health news (Ticker: ELV), a resource for investors and traders seeking the latest updates and insights on Elevance Health stock.

Elevance Health, Inc. (symbol: ELV) is a prominent American health insurance provider, formerly known as Anthem, Inc. until June 2022. As one of the leading health insurers in the United States, Elevance Health delivers medical benefits to approximately 47 million members as of December 2023. The company’s core business revolves around offering a wide range of coverage plans, including employer, individual, and government-sponsored options.

One distinctive feature of Elevance Health is its status as the largest single provider of Blue Cross Blue Shield branded coverage. As the licensee for the Blue Cross Blue Shield Association in 14 states, the company serves a significant portion of the U.S. population. Elevance Health has successfully expanded its offerings through strategic acquisitions, such as the purchase of Amerigroup in 2012 and MMM in 2021. These acquisitions enable the company to broaden its reach and better serve populations enrolled in government-sponsored programs like Medicaid and Medicare Advantage plans.

Elevance Health is committed to improving healthcare accessibility and affordability. The company consistently works on enhancing its services and products to meet the evolving needs of its members. Financially, Elevance Health has maintained a strong position, reflecting robust performance and growth potential.

Recent achievements include the expansion of digital health initiatives and partnerships with healthcare providers to offer more integrated and comprehensive care solutions. With its extensive network and innovative approach, Elevance Health continues to make significant strides in the healthcare industry.

Stay updated with the latest news and developments related to Elevance Health to understand its impact and future direction in the health insurance market.

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Elevance Health, Inc. reported strong financial performance in Q3 2023 with a GAAP net income of $5.45 per share and adjusted net income of $8.99 per share. Operating gain grew 12.6% YoY to $2.5 billion. Operating cash flow was $2.6 billion.
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Elevance Health (NYSE: ELV) will release Q3 2023 financial results on October 18, 2023. Conference call at 8:30 a.m. EDT. Webcast available at www.elevancehealth.com.
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Elevance Health's affiliated health plans will offer simplified and flexible Medicare Advantage plans with customizable supplemental benefits to respond to consumer preferences. Expansion into 91 new counties will provide more options for convenient access to affordable healthcare. 93% of Medicare-eligible individuals in the states and territories served will have access to the plans. Plans will emphasize affordability with 9 out of 10 plans at $0 premium and improved prescription drug coverage. Dental care, hearing aids, and easier access to care will also be prioritized. Plans will offer Essential Extras, allowing members to tailor their plan to their specific needs. Plans will have a personalized customer service model and clinical interventions to improve outcomes. Wellpoint, formerly Amerigroup, will be the new name for affiliated health plans in select states. Medicare Advantage plans are offered under various brands including Wellpoint, HealthSun, Simply Healthcare, Freedom Health, Optimum HealthCare, and MMM in Puerto Rico.
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Elevance Health partners with Impact Fitness Foundation to create fitness space for Victory College Prep
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Converge Technology Solutions Corp. launches 'Coffee and Converge' event series focusing on AI and Cybersecurity practices. The company aims to highlight its evolution as a leader in software and services. Converge will discuss client use cases and partnerships, showcasing the value of the IBM Ecosystem. No concrete business takes affecting stock price were found in the PR.
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Elevance Health (NYSE: ELV) announced the retirement of John Gallina as executive vice president and CFO, with Mark Kaye named as his replacement. Kaye will serve as CFO Designate from September 6 to November 1, 2023, and will report to Gail K. Boudreaux, President and CEO. Kaye joins from Moody’s Corporation and is known for his financial, actuarial, and business experience.
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Duo Health (NYSE:DUO) appoints Raul Smith as Chief Financial Officer, bringing two decades of financial leadership to lead strategic financial operations in value-based care collaborations with local providers. Smith's experience includes senior roles at Elevance Health Inc. and Alvarez & Marsal, demonstrating his alignment with Duo Health's mission to serve patients and physician partners.
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Elevance Health (formerly Amerigroup) to Rebrand as Wellpoint in 2024, Focusing on Whole Health Approach
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Elevance Health, Inc. reports strong Q2 2023 results with double-digit growth in revenue and earnings per share. The company expects GAAP net income to be greater than $29.09 per share in 2023.
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FAQ

What is the current stock price of Elevance Health (ELV)?

The current stock price of Elevance Health (ELV) is $403.6 as of November 21, 2024.

What is the market cap of Elevance Health (ELV)?

The market cap of Elevance Health (ELV) is approximately 93.0B.

What does Elevance Health, Inc. do?

Elevance Health, Inc. is an American health insurance provider offering employer, individual, and government-sponsored coverage plans.

What was Elevance Health, Inc. previously known as?

Prior to June 2022, Elevance Health, Inc. was known as Anthem, Inc.

How many members does Elevance Health serve?

As of December 2023, Elevance Health provides medical benefits to 47 million members.

What makes Elevance Health unique among its peers?

Elevance Health is the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states.

What major acquisitions has Elevance Health completed?

Elevance Health acquired Amerigroup in 2012 and MMM in 2021, expanding its reach in government-sponsored programs like Medicaid and Medicare Advantage.

What types of health plans does Elevance Health offer?

Elevance Health offers employer, individual, and government-sponsored coverage plans, including Medicaid and Medicare Advantage.

How does Elevance Health contribute to improving healthcare?

Elevance Health works on enhancing service accessibility and affordability, incorporating digital health initiatives, and forming partnerships with healthcare providers.

What is the financial condition of Elevance Health?

Elevance Health has maintained a strong financial position, showing robust performance and growth potential.

What recent initiatives has Elevance Health undertaken?

Recent initiatives include the expansion of digital health services and more integrated care solutions through partnerships with healthcare providers.

How can I stay updated on Elevance Health's latest news?

Stay informed by following the latest news and updates about Elevance Health to understand its impact and direction in the health insurance market.

Elevance Health, Inc.

NYSE:ELV

ELV Rankings

ELV Stock Data

93.02B
231.36M
0.19%
91.42%
1.23%
Healthcare Plans
Hospital & Medical Service Plans
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United States of America
INDIANAPOLIS