Elevance Health

Elevance Health

Integrated health services and digital platform

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 Rating 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 a wide array of health needs with a holistic approach. Their services are supported by advanced capabilities and a digital health platform that integrates various health services. 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

  • CareBridge acquisition boosts Elevance's market share in home care sector.
  • SpecialtyRx Savings Navigator improves customer satisfaction and retention.
  • Climate health initiatives enhance Elevance's reputation among environmentally conscious consumers.

What critics are saying

  • CareBridge integration may disrupt existing operations in Carelon division.
  • Unfavorable lawsuit outcome against CMS could harm Elevance's reputation.
  • Departure of CFO John Gallina may lead to leadership gaps at Elevance.

What makes Elevance Health unique

  • Elevance Health integrates CareBridge to enhance home health services in Carelon division.
  • CarelonRx's SpecialtyRx Savings Navigator addresses specialty medication affordability and management.
  • Elevance Health leads in addressing climate-related health risks through strategic partnerships.

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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

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.

PR Newswire
Aug 5th, 2024
Arrive Ai Bolsters Its Team With 2 World-Class Additions

Former Elevance Health CFO John Gallina and former Carmel, Ind. Mayor Jim Brainard add international heft to company leadershipINDIANAPOLIS, Aug. 5, 2024 /PRNewswire/ -- Arrive AI, the inventor of the nation's first smart mailbox platform, today announced that John Gallina, former Executive Vice President and Chief Financial Officer of Elevance Health, and Jim Brainard, former mayor of Carmel, Ind., have joined the company. Gallina joined the board of directors and will chair the Audit Committee, and Brainard will lead the company's municipal partner development efforts. John Gallina. Jim Brainard

MedCity News
Jun 30th, 2024
Why Insurers Beat CMS In the MA Star Ratings Battle

Both SCAN and Elevance had sued CMS alleging the agency improperly calculated their Star Ratings for plan year 2024.

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