ELV - Elevance Health, Inc.
Company Overview
Name
Elevance Health, Inc.
Tickers
ELV
Exchanges
NYSE
Employees
104900
Founded
2001
Sector Information
Other Information
CIK
1156039
Category
Large accelerated filer
1-Line Summary
Elevance Health is a leading health insurance company dedicated to improving health outcomes through integrated services and technology.
Company summary
Elevance Health is a prominent health insurance company focused on improving healthcare outcomes through a whole-health approach. Serving approximately 47 million medical members in the United States, the company offers a range of managed care plans designed for individuals, employer groups, Medicaid, and Medicare markets. With four core strategies encompassing Whole Health, Exceptional Experiences, Care Provider Enablement, and a robust Digital Platform, Elevance aims to deliver personalized care and optimize health outcomes for its diverse customer base. Its services also include pharmacy benefits, care management, and wellness programs to improve quality and affordability in healthcare.
In 2023, Elevance restructured its reportable segments into Health Benefits, CarelonRx (pharmacy services), Carelon Services (integrated health services), and Corporate & Other to better align with its evolving business model. The integration of physical, behavioral, and social services is at the heart of its strategy, and the company places significant value on community involvement, diversity, and leveraging innovative digital technologies to enhance service delivery. The brand is also recognized as an independent licensee of the Blue Cross and Blue Shield Association, allowing it access to extensive provider networks across many states.
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