Elevance Health
Founded Year
2004Stage
IPO | IPODate of IPO
10/30/2001Market Cap
97.17BStock Price
425.27Revenue
$0000About Elevance Health
Elevance Health is a company focused on providing integrated health solutions and advancing health beyond traditional healthcare. The company offers a range of services including health plans, clinical, behavioral, pharmacy, and complex-care solutions aimed at promoting whole health. Elevance Health primarily serves the healthcare industry, with a focus on creating an integrated whole-health approach and advancing health equity. It was founded in 2004 and is based in Indianapolis, Indiana.
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Research containing Elevance Health
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Elevance Health in 3 CB Insights research briefs, most recently on Jul 19, 2024.
Elevance Health Patents
Elevance Health has filed 8 patents.
The 3 most popular patent topics include:
- health informatics
- cloud computing
- cloud infrastructure
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/3/2022 | 9/10/2024 | Health informatics, Information technology management, Database management systems, Workflow technology, Telehealth | Grant |
Application Date | 8/3/2022 |
|---|---|
Grant Date | 9/10/2024 |
Title | |
Related Topics | Health informatics, Information technology management, Database management systems, Workflow technology, Telehealth |
Status | Grant |
Latest Elevance Health News
Oct 28, 2024
(IBJ Photo/Jeff Newman) Elevance Health Inc. is laying off 123 people in two offices in southern California, just a week after reporting a disappointing third-quarter profit and lowering its full-year earnings guidance. The Indianapolis-based health insurer, formerly known as Anthem Inc., reported the layoffs to California officials last Friday in a WARN notice, one day after issuing its earnings report . The WARN Act requires employers to disclose impending large layoffs and plant closings to employees, their representatives, and the state workforce office. The layoffs will affect 64 people in the company’s Cerritos office and 59 people in the Woodland Hills office. An Elevance spokeswoman did not immediately respond to an IBJ email requesting details of the layoffs, or to say whether other sites were affected. Elevance is the largest public company in Indiana, based on revenue, and has about 5,000 employees in the state. Elevance has been trimming its workforce in recent months around the country. Last fall, it said it would lay off 87 workers in California and 57 workers in Minnesota. In January, it said it would lay off 90 employees in Michigan, according to industry newsletter HealthcareDive . Last month, the company disclosed it planned to expand operations in Indianapolis with an $11.9 million investment at two sites: its headquarters at 220 Virginia Avenue and another site at 4740 Victory Lane on the southeast side. The second location is currently a large logistics hub. Elevance signed a contract with the Indiana Economic Development Corp. in which it committed to adding 230 jobs by Dec. 31, 2025. Separately, Elevance announced last month it had agreed to acquire Indiana University Health Plans, the health care provider’s managed care branch. Elevance Health is the parent company of Anthem Blue Cross and Blue Shield, which will serve as the provider for customers of IU Health Plans after the deal closes. Elevance shares were up 2.3% in midday trading, to $428.52 each. Story Continues Below
Elevance Health Frequently Asked Questions (FAQ)
When was Elevance Health founded?
Elevance Health was founded in 2004.
Where is Elevance Health's headquarters?
Elevance Health's headquarters is located at 220 Virginia Avenue, Indianapolis.
What is Elevance Health's latest funding round?
Elevance Health's latest funding round is IPO.
Who are Elevance Health's competitors?
Competitors of Elevance Health include Angle Health, Collective Health, Alignment Healthcare, Surest, Mutual of Omaha - Medicare Advantage and 7 more.
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Compare Elevance Health to Competitors
UnitedHealthcare focuses on providing health insurance plans. The company offers a variety of health insurance plans including individual and family plans, Medicare, Medicaid, and supplemental plans such as dental and vision, all to cover medical costs. UnitedHealthcare primarily serves individuals, families, and employers across various sectors. UnitedHealthcare was formerly known as Bind. It was founded in 1974 and is based in Hopkins, Minnesota.
Maxicare Healthcare is a health maintenance organization (HMO). It provides comprehensive healthcare programs via its wide network of medical providers, backed by a customer support system. It was founded in 1987 and is based in Makati City, Philippines.
Carelon is a healthcare services company focused on delivering whole-person care across various domains within the healthcare industry. The company offers integrated care models, digital tools, and services that address physical, mental, social, and economic health factors, aiming to simplify healthcare experiences, improve outcomes, and manage costs. Carelon's solutions are designed to support individuals with complex health conditions, provide behavioral health management, and facilitate primary and palliative care, alongside pharmacy services and medical benefits management. It was founded in 2017 and is based in Morristown, New Jersey.
Health Care Service Corporation focuses on providing health insurance and driving healthcare innovations in the insurance industry. The company offers access to quality, cost-effective care and health management solutions for millions of members. It primarily serves the health insurance sector with a portfolio of health plans and related services. It was founded in 1929 and is based in Chicago, Illinois.
Blue Cross Blue Shield is a national federation of independent, community-based and locally operated companies focused on providing health care coverage. The company offers a range of health insurance products and services designed to ensure access to safe, quality, and affordable healthcare. Blue Cross Blue Shield also provides insights and reports on healthcare trends and maintains a comprehensive provider network. It was founded in 1929 and is based in Chicago, Illinois.
Devoted Health is a healthcare company specializing in Medicare Advantage plans. The company offers a range of services including dental, vision, and prescription drug coverage, as well as fitness and wellness programs, primarily to older Americans. Devoted Health's Medicare Advantage plans are designed to provide comprehensive benefits and savings to its members. Devoted Health was formerly known as Orinoco Health. It was founded in 2017 and is based in Waltham, Massachusetts.
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