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.
Elevance Health announced its affiliated health plans will offer $0 premium Medicare Advantage plans targeting nearly 33 million Medicare-eligible individuals. With inflation impacting costs, three-quarters of their plans for 2023 feature zero premiums and no co-pays for primary care visits. A new prepaid benefits card simplifies access to various benefits. Additionally, eligible consumers can receive grocery card benefits and access to dietitians. The plans will expand to serve 2.1 million new Medicare-eligible consumers across 145 counties, bolstering Elevance Health's presence in the Medicare market.
Elevance Health has announced that its affiliated Medicare Advantage plans received an overall 4 out of 5 Star rating from the Centers for Medicare & Medicaid Services (CMS) for 2023. Notably, 64% of beneficiaries will enroll in plans rated 4 Stars or higher. Some plans, including HealthSun Health Plans and Optimum Healthcare, achieved the maximum 5 Star rating for multiple years. This success is attributed to improved consumer experiences and a focus on digital innovations aimed at enhancing health outcomes.
Elevance Health (NYSE: ELV) will announce its third-quarter 2022 financial results on October 19, 2022, at 6:00 a.m. EDT. A conference call will follow at 8:30 a.m. EDT, accessible by dialing the provided numbers. The access code for the call is 3972058. A replay will be available from 11:30 a.m. EDT on the same day until November 18, 2022. Elevance Health serves over 118 million consumers with a diverse range of health solutions, aiming to enhance human health.
Elevance Health announces substantial financial support for recovery efforts in the wake of Hurricane Ian. The company is donating a total of
Zylorion Health Inc. has announced the appointments of Jeroen Tas to its Board of Directors and Ted Goldstein to its Digital Health Advisory Committee. Tas, former Chief Innovation and Strategy Officer at Philips, and Goldstein, ex-Chief Artificial Intelligence Officer at Elevance Health, bring extensive experience in health technologies and bioinformatics. CEO Peter Silverstone expressed enthusiasm over their addition, highlighting their potential contributions to Zylorion's mission of delivering innovative therapies for mental health challenges, including MDD, TRD, and PTSD.
Elevance Health (NYSE: ELV) announced a partnership with Aledade to enhance consumer experiences and health outcomes in independent primary care. This collaboration aims to assist these providers in transitioning to value-based care, improving patient outcomes and reducing costs. With access to Aledade’s technology and support services, independent practices can strengthen their operations while serving 47 million members in Elevance's networks. The initiative is positioned to empower physicians and enrich primary care across communities.
New research by the Urban Institute, American Benefits Council, and Deloitte's Health Equity Institute, funded by Elevance Health, highlights the importance of high-quality race and ethnicity data in addressing health disparities. The report identifies challenges related to inconsistent data, which hinders the tracking of health inequities. Key recommendations include enhancing community engagement, ensuring data privacy, and modernizing data collection practices to promote health equity. The COVID-19 pandemic has intensified the urgency for comprehensive data to tailor care for marginalized communities.
Elevance Health, Inc. (NYSE: ELV) reported impressive second-quarter 2022 results with a GAAP net income of $6.79 per share, adjusted to $8.04, reflecting a 14.4% year-over-year increase. Operating revenue rose 15.6% to $38.5 billion, bolstered by a 2.7 million increase in medical enrollment, totaling 47.1 million members. The company declared a third-quarter dividend of $1.28 per share. With strong performance across segments, Elevance raised its 2022 earnings outlook to expect GAAP net income exceeding $25.28 per share.
Elevance Health (NYSE: ELV) will announce its second quarter 2022 financial results on July 20, 2022, at 6:00 a.m. EDT. A conference call to discuss these results and the company's outlook will follow at 8:30 a.m. EDT. Investors can join the call via various numbers or through a live webcast on www.elevancehealth.com. The call replay will be available from 11:30 a.m. EDT on July 20 until August 20, 2022.
Elevance Health serves over 118 million individuals with comprehensive care solutions.
Elevance Health has officially rebranded, marked by the ringing of the opening bell at the New York Stock Exchange. President and CEO Gail K. Boudreaux led the ceremony, accompanied by board members and senior leaders. As part of the rebranding, the company will now trade under the ticker symbol ELV. Elevance Health serves over 118 million individuals through a variety of health solutions, aiming to improve overall health outcomes.
FAQ
What is the current stock price of Elevance Health (ELV)?
What is the market cap of Elevance Health (ELV)?
What does Elevance Health, Inc. do?
What was Elevance Health, Inc. previously known as?
How many members does Elevance Health serve?
What makes Elevance Health unique among its peers?
What major acquisitions has Elevance Health completed?
What types of health plans does Elevance Health offer?
How does Elevance Health contribute to improving healthcare?
What is the financial condition of Elevance Health?
What recent initiatives has Elevance Health undertaken?
How can I stay updated on Elevance Health's latest news?
