Elevance Health

Elevance Health

Integrated health benefits and services provider

About Elevance Health

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

Industries

Enterprise Software

Social Impact

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Indianapolis, Indiana

Founded

1944

Overview

Company Historically Provides H1B Sponsorship

Elevance Health focuses on enhancing the health of individuals by evolving from a traditional health benefits organization into a comprehensive health partner. The company serves over 118 million people through a workforce of nearly 100,000 associates, addressing various health needs with a holistic approach. Their services are supported by advanced capabilities and a digital health platform that integrates different aspects of health care. Unlike many competitors, Elevance Health emphasizes a community-centered approach and aims to redefine health and the health system itself. The ultimate goal is to improve health outcomes for everyone by fostering stronger communities and a more inclusive health system.

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Simplify's Take

What believers are saying

  • Telehealth market growth aligns with Elevance's digital platform expansion.
  • AI in healthcare enhances Elevance's predictive analytics and personalized medicine capabilities.
  • Value-based care models support Elevance's patient outcome-focused approach.

What critics are saying

  • Integration of CareBridge may strain Elevance's financial resources if not successful.
  • Departure of former CFO John Gallina could impact financial leadership.
  • Legal battle with CMS over Star Ratings may harm Elevance's reputation.

What makes Elevance Health unique

  • Elevance Health collaborates with DiMe to enhance digital health product trustworthiness.
  • Acquisition of CareBridge strengthens Elevance's home health services through Carelon division.
  • Focus on integrated whole health approach sets Elevance apart in healthcare industry.

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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

Company News

PR Newswire
May 15th, 2025
New Dime Seal Sets Benchmarks For Digital Health Products

Digital Medicine Society (DiMe) and Elevance Health collaborate to evaluate and elevate digital health software productsBOSTON, May 15, 2025 /PRNewswire/ -- The Digital Medicine Society (DiMe) and Elevance Health have teamed up to simplify identifying trustworthy digital health products. The "DiMe Seal" (launched last year) is awarded to digital health software products (DHSPs) based on an assessment of usability, privacy and security, and evidence. This collaboration allows us to further assess DHSPs with a clinical component. Elevance Health will provide a clinical evidence assessment. DiMe will award its distinguished "DiMe Seal" to DHSPs that meet all its evaluation requirements.Each benchmark reflects a core value that users, healthcare providers, and payers expect from a trusted product. Annual reviews will ensure ongoing compliance with the latest industry standards and guidelines.With over 350,000 health apps available, including more than 30,000 for clinicians and healthcare administrators, it is increasingly difficult to identify high-quality, trustworthy options

Hit Consultant
May 15th, 2025
Dime & Elevance Health Collaborate On Digital Health Product Seal

DiMe Elevance Health Collaborate on Digital Health Product Seal. by Fred Pennic 05/15/2025 Leave a Comment. What You Should Know: – The Digital Medicine Society (DiMe) and Elevance Health today announced a significant collaboration aimed at simplifying the identification of trustworthy digital health products. – Elevance Health will provide a crucial clinical evidence assessment component to DiMe’s “DiMe Seal” program, further strengthening its evaluation of digital health software products (DHSPs).DiMe SealThe DiMe Seal, launched in 2024, is awarded to digital health solutions that meet high standards in usability, privacy, security, and evidence. This new partnership will integrate Elevance Health’s clinical evidence assessment, allowing DiMe to award its distinguished seal to DHSPs that satisfy all evaluation requirements, including robust clinical validation.Navigating the Crowded Digital Health LandscapeWith an overwhelming number of over 350,000 health apps currently available—including more than 30,000 specifically for clinicians and healthcare administrators—it has become increasingly challenging for users, providers, and payers to identify high-quality, trustworthy options. The DiMe Seal program was established to address this challenge by recognizing DHSPs that adhere to rigorous standards and are most likely to improve health outcomes. Each benchmark within the Seal’s criteria reflects a core value expected from a trusted product, and annual reviews will ensure ongoing compliance with the latest industry standards and guidelines.Elevance Health to Provide Rigorous Clinical Evidence AssessmentA key enhancement to the DiMe Seal program will be the clinical evidence assessment provided by Elevance Health

MarketBeat
Mar 3rd, 2025
Marathon Asset Management Ltd Invests $83.78 Million in Elevance Health, Inc. (NYSE:ELV)

Marathon Asset Management Ltd invests $83.78 million in Elevance Health, Inc. (NYSE:ELV).

Bizjournals
Oct 21st, 2024
CareBridge sold to Elevance for $2.7B

Elevance Health (NYSE: ELV) announced its acquisition of CareBridge for $2.7 billion during its Oct. 17 earnings call. CareBridge, a Nashville-based company, will be integrated into Elevance's Carelon division. The deal aims to enhance Carelon's home health services. CareBridge, founded in 2019, posted $2.6 billion in revenue in 2023 and was ranked No. 1 on the Inc. 5000 list of fastest-growing companies.

Forbes
Oct 17th, 2024
Elevance Health Will Add To Carelon Portfolio With Carebridge Acquisition

Elevance Health has signed a deal to purchase Carebridge, a manager of home care and community-based services, the health insurer's chief executive said Thursday.

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