Elevance Health

Elevance Health

Health benefits provider with digital platform

Overview

Company Historically Provides H1B Sponsorship

Elevance Health is a health benefits organization expanding into a lifetime trusted health partner. It serves more than 118 million people with about 100,000 associates and offers an integrated whole-health approach powered by a digital health platform, addressing a full range of needs across all stages of health. The product works by coordinating coverage, care, and wellness through its digital platform to deliver end-to-end support rather than standalone services. Compared with competitors, Elevance Health emphasizes a unified, end-to-end health experience at scale through its integrated platform and broad reach, aiming to connect members with a comprehensive set of health services. The company’s goal is to improve health for everyone by redefining health, reimagining the health system, and strengthening communities.

About Elevance Health

Simplify's Rating
Why Elevance Health is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Indianapolis, Indiana

Founded

1944

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Simplify's Take

What believers are saying

  • Scaling Health OS automation reduces administrative workload, improving provider efficiency and accelerating approved treatment access for members.
  • Affordable housing investments lower avoidable ER visits and hospitalizations, reducing total cost of care for high-utilization Medicaid populations.
  • Epic partnership integration streamlines clinical decisions, saving 15 minutes per case and reducing follow-up reviews by 51%.

What critics are saying

  • CMS denies 2026 MA star recalculation, costing $375M in cumulative bonuses due to a 3.5-star contract missing the 4-star threshold.
  • Elevance's MA member base declines 2.3% year-on-year from 3.5-star stigma, eroding $1.8B in revenue faster than UnitedHealth.
  • CMS denies MA renewal for 3.5-star contract, forcing a $375M write-down and triggering a 25% stock drop to $315 within 18–24 months.

What makes Elevance Health unique

  • Elevance's Health OS platform automates clinical reviews, cutting prior authorisation denials by 61% across 119 million members.
  • Elevance invested over $1 billion in affordable housing, supporting 40,000 units to address social drivers of Medicaid health outcomes.
  • Elevance partners with Epic on the Payer Platform, enabling electronic prior authorization and processing 42% of requests under one minute.

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Funding

Total Funding

$309.4M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Medical, dental, & vision insurance

401(k) + match

Paid holidays

Paid Time Off

Incentive bonus programs

Stock purchase plan

Life insurance

Wellness Programs

Financial education resources

Adoption & Surrogacy Assistance

Dependent-care Flexible Spending Account (DCFSA)

Parental Leave

Parental Transition Week

Critical Caregiving Leave

Stock Price

Company News

Hoosier Ag Today
Jun 23rd, 2026
Elevance Health announces new advancements in Health OS to streamline clinical review.

Elevance Health announces new advancements in Health OS to streamline clinical review. Elevance Health announced on June 23 advancements in its Health OS platform, aiming to simplify and accelerate clinical review processes for care providers and members. The company said the secure data platform connects health information across electronic health records, labs, and health information exchanges to support timely clinical decisions while reducing administrative burden. Ashok Chennuru, Chief Data and Digital Transformation Officer at Elevance Health, said, "Health OS represents a foundational shift in how we approach clinical review and utilization management - moving from fragmented, manual processes to a connected, intelligent ecosystem. We are enabling faster decisions, reducing administrative burden, and improving the overall care experience by applying advanced analytics and embedding data-driven insights directly into workflows between care providers, payers, and other partners." The company was the first to collaborate with Epic using the Epic Payer Platform for inpatient concurrent reviews. These reviews allow payers and providers to work together during a patient's hospital stay but have traditionally relied on manual documentation submissions. Early results from systems using Health OS-enabled workflows show a 61% reduction in prior authorization denials due to insufficient information; nearly 60% fewer cases pending because of additional information needs; up to 51% reduction in follow-up reviews; approximately 15 minutes of administrative time saved per case; as well as reports from providers of more efficient processes. Health OS also supports electronic prior authorization for medical services by integrating with provider workflows. In 2026 through April's end, more than 250,000 prior authorization requests were processed through this system - over 42% completed within one minute or less. Alan Hutchison, Vice President at Epic, said, "Much of the waste and complexity in healthcare could be reduced by simply making the right information available to the right stakeholders. Through our work with Elevance Health, Epic's Payer Platform has enabled meaningful reductions in administrative burden with measurable reductions in denials, peer-to-peer reviews, and appeals. This means less work for providers and faster access to care for patients." More than 30 health systems are participating in Elevance Health's program for electronic prior authorization for medical services. Elevance Health operates as a major player within the health sector offering comprehensive services that promote equity and inclusion while reaching millions through affiliated plans, according to the official website.

Elevance Health
Jun 17th, 2026
Elevance Health announces $640 million investment in affordable housing Over the past five years, surpassing $1 billion in total commitment nationwide.

Elevance Health announces $640 million investment in affordable housing Over the past five years, surpassing $1 billion in total commitment nationwide. June 17, 2026 Strategic investments support more than 40,000 housing units and advance whole health outcomes for communities across the country INDIANAPOLIS - June 17, 2026 - Elevance Health (NYSE: ELV) today announced it has invested $640 million in affordable housing over the past five years, building on more than $1 billion invested over nearly two decades. These investments reflect the company's continued commitment to addressing social drivers of health, helping lower the total cost of care, and expanding access to safe, stable, and affordable housing. Over the past five years, Elevance Health has invested $640 million across 15 properties, supporting the development of 2,654 affordable housing units, including apartment homes, townhomes, and single-family residences, across 10 states. In total, the company has invested more than $1 billion across approximately 400 properties, supporting more than 40,000 housing units in 45 states, the District of Columbia, Puerto Rico, and Guam. "Access to safe and stable housing is fundamental to improving health outcomes and building stronger communities," said Aimée K. Dailey, president of Government Health Benefits at Elevance Health. "Our continued investment reflects a long-term commitment to addressing the underlying factors that impact overall health. By focusing on high-impact housing initiatives and strong local partnerships, we are helping individuals and families achieve stability, improve their health, reduce avoidable healthcare costs, and create a foundation for long-term wellbeing." A National Commitment to Whole Health and Medicaid Populations Housing instability remains one of the most pressing challenges impacting health outcomes across the United States. According to the U.S. Department of Housing and Urban Development, more than 653,000 people experienced homelessness in 2023, including families with children, reflecting the growing housing challenges facing communities nationwide. For many individuals, the lack of stable housing creates significant barriers to accessing care and managing health conditions. Elevance Health's approach is grounded in its whole health strategy, which recognizes that social and environmental factors play a significant role in health outcomes. Housing is one of the most critical of these factors, particularly for Medicaid populations. Internal analysis of Elevance Health-affiliated Medicaid plan members with high healthcare utilization found that 43 percent of members with more than 50 emergency room visits per year were experiencing homelessness. This underscores the direct connection between housing instability and avoidable healthcare utilization. By investing in affordable housing and supportive services, Elevance Health is helping to address these challenges early and support better outcomes for the individuals and communities it serves. These investments reflect an evolution toward more targeted, high-impact housing developments that enable deeper community partnerships and more measurable outcomes at the local level. Expanding Access to Stable Housing for Vulnerable Populations Affordable housing plays a critical role in supporting low- to moderate-income individuals and families, including seniors, people with disabilities, and individuals experiencing or at risk of homelessness. These developments are typically designed for households earning 80 percent or less of the area median income and help ensure residents spend no more than 30 percent of their income on housing, reducing financial strain and improving overall stability. Elevance Health's investments are designed to support populations with complex needs, including individuals living with intellectual and or developmental disabilities, seniors on fixed incomes, and families facing housing insecurity. Stable housing is closely linked to improved health outcomes. Individuals with access to affordable housing are more likely to experience fewer potentially costly emergency room visits and hospitalizations, better manage chronic conditions such as diabetes, asthma, and hypertension, maintain consistent access to preventive and primary care, and achieve improved mental health outcomes. Conversely, housing instability is associated with higher rates of chronic illness, increased healthcare utilization, and poorer overall health outcomes. Even frequent moves can negatively impact health. Children who move multiple times within a year are more likely to experience chronic conditions and disruptions in care. Delivering Innovative, Community-Based Housing Solutions Elevance Health works through its affiliated health plans to connect members to housing resources and services that help prevent homelessness and support long-term stability. Across its Medicaid plans, Elevance Health supports housing programs that address barriers such as past-due rent, utility costs, and move-in expenses. Flexible funding programs help members remain housed by covering essential needs such as security deposits, overdue rent, and utility bills. These programs also connect members with housing coordinators who work directly with individuals and families to identify solutions and navigate available resources. In one example, flexible housing support programs have assisted approximately 1,500 households across multiple states by helping cover rent, utilities, and other essential housing-related expenses. Elevance Health also collaborates with community-based organizations, housing authorities, and local partners to help members access housing vouchers, prevent evictions, and secure stable housing that meets their needs. These partnerships are critical to ensuring that housing solutions are tailored to the unique needs of each community. Integrating Health and Community-Based Support In addition to supporting housing development, Elevance Health works to integrate health and social support services within communities wherever possible. In select markets, this includes access to healthcare and wellness programs, care coordination for individuals with complex needs, behavioral health support, and connections to food, transportation, and other essential services. These efforts help remove barriers to care and support individuals in managing their health more effectively. Programs that combine housing support with health and social services have demonstrated strong outcomes. In one state-based program, more than 90 percent of participating members maintained stable housing six months after receiving support. "Affordable housing is a critical foundation for improving quality of life and strengthening communities," said Dr. Adrienne McFadden, chief medical officer of Government Health Benefits at Elevance Health. "By working alongside community partners and aligning housing with health services, we are helping to create sustainable solutions that improve outcomes and support long-term stability." Looking Ahead Elevance Health's investments in affordable housing directly support state and community priorities, including improving population health and reducing avoidable healthcare costs. The company and its affiliated health plans will continue to expand its affordable housing efforts across the country, aligning investments with community needs and opportunities to improve health outcomes at scale. Through this work, the company remains focused on building healthier communities and advancing its mission to improve lives and make healthcare simpler. About Elevance Health Elevance Health is a lifetime, trusted health partner whose purpose is to improve the health of humanity. The company supports consumers, families, and communities across the entire healthcare journey - connecting them to the care, support, and resources they need to lead better lives. Elevance Health's companies serve over 105 million consumers through a diverse portfolio of industry-leading medical, pharmacy, behavioral, clinical, home health, and complex care solutions. For more information, please visit www.elevancehealth.com or follow Elevance Health Inc @ElevanceHealth on X and Elevance Health on LinkedIn.

Hoosier Ag Today
Jun 15th, 2026
Elevance Health announces new programs to support chronic care management.

Elevance Health announces new programs to support chronic care management. Jun 15, 2026 Elevance Health announced on June 15 that it is introducing new initiatives aimed at helping people manage chronic conditions through more personalized and connected experiences. The company said these efforts are designed to simplify care, increase engagement, and provide proactive guidance for individuals across the United States. According to Shantanu Agrawal, MD, Chief Health Officer at Elevance Health, "Managing a chronic condition can be challenging, especially when care feels fragmented or difficult to navigate. By combining data-driven insights with more personalized, proactive support, we can help people feel more confident in their care, stay engaged, and take steps earlier to support their long-term health." One of the highlighted programs is Proactive Member Engagement (PME), which uses advanced analytics to bring together medical, pharmacy, behavioral, and social data. PME delivers timely outreach via text messages, phone calls, or emails based on members' preferences. The company said PME has resulted in over 12 million interactions and supports increased wellness visits as well as improved medication adherence. For those with complex needs, Concierge Care connects members with dedicated care teams who help create tailored plans and offer ongoing check-ins along with 24/7 nurse support. Sydney Health provides digital guidance by using information about a member's benefits and health history to offer reminders for appointments or screenings. Additionally, Elevance Health introduced Total Movement Care (TMC), a musculoskeletal program that offers access to MSK-trained clinicians and virtual-first physical therapy for certain plan members. Together these capabilities are part of Elevance Health's broader strategy to create coordinated experiences for those managing chronic conditions. The company serves over 105 million consumers through its portfolio of medical and health solutions, according to the official website of Elevance Health. It also promotes equity and inclusion within its operations; is recognized as a leading employer for veterans; reaches millions through its network of affiliated health plans; focuses on enhancing well-being by addressing physical, behavioral, and social factors while simplifying healthcare; provides comprehensive services aimed at fostering innovation; and operates as a major player in the health sector. The company stated that by simplifying care delivery processes, it aims to help individuals make informed decisions about their health.

Law360
Apr 9th, 2026
Elevance nurses' federal OT suit sent from NC to va.

Elevance nurses' federal OT suit sent from NC to va. By MJ Koo ( April 9, 2026, 1:15 PM EDT) - A class and collective action accusing insurer Elevance Health of misclassifying its nurses as overtime-exempt has been transferred from North Carolina to Virginia federal court, where the company faces related claims... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions. A Law360 subscription includes features such as * Daily newsletters * Expert analysis * Mobile app * Advanced search * Judge information * Real-time alerts * 450K+ searchable archived articles Experience Law360 today with a free 7-day trial. Attached documents. Related sections. Case information. Case title. Case number. Court. Nature of suit. Judge. Date filed. Companies. Government agencies. Judge analytics. powered by Lex Machina(R) There's been a notable vibe shift around artificial intelligence in the legal industry as firms and corporate legal departments push for widespread adoption of AI tools. Here's what the latest Law360 Pulse survey found.

eNews Park Forest
Apr 6th, 2026
Johnson Fistel, PLLP begins investigation on behalf of long-term shareholders of DICK's Sporting Goods, Inc. (DKS), Domino's Pizza, Inc. (DPZ), Elanco Animal Health Incorporated (ELAN), and Elevance Health, Inc. (ELV).

Johnson Fistel, PLLP begins investigation on behalf of long-term shareholders of DICK's Sporting Goods, Inc. (DKS), Domino's Pizza, Inc. (DPZ), Elanco Animal Health Incorporated (ELAN), and Elevance Health, Inc. (ELV). GlobeNewswire | Johnson Fistel, PLLP Today at 4:53am PDT SAN DIEGO, April 06, 2026 (GLOBE NEWSWIRE) - Johnson Fistel, PLLP is investigating potential claims on behalf of current, long-term shareholders of DICK's Sporting Goods, Inc. (NYSE: DKS), Domino's Pizza, Inc. (NYSE: DPZ), Elanco Animal Health Incorporated (NYSE: ELAN), and Elevance Health, Inc. (NYSE: ELV) against certain of their officers and directors for alleged breaches of fiduciary duty. Shareholders who have held shares continuously since prior to the dates listed below (where applicable) may have standing to seek corporate governance reforms focused on executive oversight, the return of funds to the Company, and a court-approved incentive award, at no cost to them. DICK's Sporting Goods, Inc. (NYSE: DKS) If you have held DICK's Sporting Goods shares continuously since prior to May 25, 2022, you may have standing to seek corporate governance reforms focused on executive oversight at DICK's Sporting Goods. Complaint Allegations A previously filed securities class action complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) demand for products in DSG's Outdoor segment was slowing faster than Defendants represented, resulting in excess inventory; (ii) the "structural changes" that Defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow the Company to manage its excess inventory without hurting the Company's profitability; (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (iv) as a result of (i)-(iii) above, Defendants' statements about DSG's business condition and prospects were materially false and misleading when made. Domino's Pizza, Inc. (NYSE: DPZ) If you are a long-term shareholder of Domino's Pizza, you may have standing to seek corporate governance reforms focused on executive oversight at Domino's. Complaint Allegations A previously filed securities class action complaint alleges that throughout the alleged class period, Defendants made materially false and misleading statements regarding Domino's business, operations, and prospects. Specifically, the complaint alleges that Defendants failed to disclose that Domino's largest master franchisee was experiencing significant challenges related to store openings and closures, that Domino's was unlikely to meet its previously issued long-term guidance for global net store growth, and that, as a result, the Company's public statements were materially false or misleading when made. Elanco Animal Health Incorporated (NYSE: ELAN) If you are a long-term shareholder of Elanco Animal Health, you may have standing to seek corporate governance reforms focused on executive oversight at Elanco. Complaint Allegations A previously filed securities class action complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse facts regarding Elanco's business, operations, and prospects. The complaint alleges, among other things, that the Company overstated the safety profile of Zenrelia, understated risks related to regulatory approval timelines for Zenrelia and Credelio Quattro, and, as a result, materially overstated the Company's business and financial prospects. Elevance Health, Inc. (NYSE: ELV) If you are a long-term shareholder of Elevance Health, you may have standing to seek corporate governance reforms focused on executive oversight at Elevance. Complaint Allegations A previously filed securities class action complaint alleges that during the period from April 18, 2024 through October 16, 2024, Defendants made materially false and/or misleading statements regarding Elevance's Medicaid business. According to the complaint, Defendants failed to disclose that Medicaid redeterminations were driving higher-than-expected acuity and utilization among remaining members, that these cost trends were not adequately reflected in Elevance's rate negotiations with states or in its financial guidance, and that, as a result, the Company's public statements were materially false or misleading when made. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investor Rights Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. The firm also represents foreign investors who have purchased securities on U.S. exchanges. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of its offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. This is a paid placement. For further inquiries, please contact GlobeNewswire directly.

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